Rockefeller Capital Management L.P. Purchases 154,635 Shares of NextEra Energy, Inc. (NYSE:NEE)

Rockefeller Capital Management L.P. raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,009,938 shares of the utilities provider’s stock after purchasing an additional 154,635 shares during the quarter. Rockefeller Capital Management L.P. owned 0.10% of NextEra Energy worth $169,837,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Proffitt & Goodson Inc. raised its holdings in NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 144 shares during the period. Semmax Financial Advisors Inc. raised its stake in shares of NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after buying an additional 225 shares during the period. Reston Wealth Management LLC bought a new position in shares of NextEra Energy in the third quarter worth about $27,000. Valley Wealth Managers Inc. purchased a new position in shares of NextEra Energy during the 2nd quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of NextEra Energy during the 3rd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NEE. Scotiabank raised their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. BMO Capital Markets lifted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Morgan Stanley dropped their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Bank of America upped their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $86.85.

NextEra Energy Trading Up 1.3 %

Shares of NEE opened at $78.52 on Friday. The stock has a market capitalization of $161.47 billion, a PE ratio of 23.23, a P/E/G ratio of 2.84 and a beta of 0.57. The company’s fifty day moving average is $80.40 and its 200 day moving average is $77.80. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the prior year, the company earned $0.94 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

NextEra Energy Company 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,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.