Penobscot Investment Management Company Inc. decreased its holdings in NextEra Energy Inc (NYSE:NEE) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,645 shares of the utilities provider’s stock after selling 880 shares during the quarter. NextEra Energy makes up approximately 2.9% of Penobscot Investment Management Company Inc.’s holdings, making the stock its 3rd largest holding. Penobscot Investment Management Company Inc.’s holdings in NextEra Energy were worth $14,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. UBS Asset Management Americas Inc. lifted its position in NextEra Energy by 41.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,524,371 shares of the utilities provider’s stock worth $517,143,000 after acquiring an additional 740,059 shares in the last quarter. Railway Pension Investments Ltd acquired a new position in shares of NextEra Energy in the 2nd quarter valued at approximately $13,001,000. Vanguard Group Inc. raised its position in shares of NextEra Energy by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 43,282,619 shares of the utilities provider’s stock valued at $8,866,878,000 after purchasing an additional 573,923 shares in the last quarter. California Public Employees Retirement System raised its position in shares of NextEra Energy by 19.1% in the 2nd quarter. California Public Employees Retirement System now owns 3,437,222 shares of the utilities provider’s stock valued at $704,149,000 after purchasing an additional 550,956 shares in the last quarter. Finally, Thoroughbred Financial Services LLC raised its position in shares of NextEra Energy by 20,386.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 435,942 shares of the utilities provider’s stock valued at $43,594,000 after purchasing an additional 433,814 shares in the last quarter. Institutional investors own 74.53% of the company’s stock.
In other news, CEO James L. Robo sold 44,537 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $216.85, for a total value of $9,657,848.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $231.32, for a total value of $370,112.00. Following the completion of the transaction, the director now directly owns 16,237 shares of the company’s stock, valued at approximately $3,755,942.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,576 shares of company stock valued at $21,514,886. 0.48% of the stock is owned by company insiders.
A number of equities analysts have issued reports on NEE shares. ValuEngine lowered NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co upped their target price on NextEra Energy from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Morgan Stanley upped their price target on NextEra Energy from $241.00 to $242.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Barclays lowered NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price target on the stock. in a research report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. upped their price target on NextEra Energy from $214.00 to $252.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. NextEra Energy currently has an average rating of “Buy” and a consensus target price of $231.67.
NEE traded up $0.14 during trading on Monday, reaching $222.22. 1,521,172 shares of the company were exchanged, compared to its average volume of 1,974,897. The stock has a market cap of $111.01 billion, a P/E ratio of 28.86, a PEG ratio of 3.40 and a beta of 0.17. The firm has a 50 day moving average of $231.32 and a 200 day moving average of $213.40. The company has a current ratio of 0.58, a quick ratio of 0.47 and a debt-to-equity ratio of 0.90. NextEra Energy Inc has a 52 week low of $164.78 and a 52 week high of $239.89.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, October 22nd. The utilities provider reported $2.39 EPS for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.12. The firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.14 billion. NextEra Energy had a return on equity of 10.59% and a net margin of 16.92%. The firm’s revenue was up 26.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.18 EPS. As a group, analysts forecast that NextEra Energy Inc will post 8.36 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $1.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a yield of 2.25%. NextEra Energy’s payout ratio is currently 64.94%.
NextEra Energy Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
Further Reading: What does an outperform rating mean?
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