NextEra Energy Inc (NEE) Holdings Trimmed by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC lessened its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 43.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 325,563 shares of the utilities provider’s stock after selling 249,631 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned approximately 0.07% of NextEra Energy worth $47,711,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. boosted its holdings in shares of NextEra Energy by 3,384.2% during the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after acquiring an additional 36,747,599 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of NextEra Energy by 2,832.8% during the second quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock worth $252,287,000 after acquiring an additional 1,738,989 shares during the period. Vanguard Group Inc. boosted its holdings in shares of NextEra Energy by 4.6% during the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock worth $4,785,120,000 after acquiring an additional 1,503,907 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of NextEra Energy by 122.5% during the second quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock worth $207,281,000 after acquiring an additional 814,478 shares during the period. Finally, BT Investment Management Ltd bought a new stake in shares of NextEra Energy during the second quarter worth approximately $96,214,000. 75.53% of the stock is currently owned by hedge funds and other institutional investors.

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 42,372 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the completion of the transaction, the chief executive officer now directly owns 121,958 shares in the company, valued at $19,202,287.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the transaction, the executive vice president now owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,857 shares of company stock valued at $15,984,953. Company insiders own 0.53% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a report on Tuesday, December 12th. J P Morgan Chase & Co set a $169.00 price objective on NextEra Energy and gave the stock a “hold” rating in a report on Thursday, October 12th. Credit Suisse Group assumed coverage on NextEra Energy in a report on Thursday, December 7th. They set an “outperform” rating and a $173.00 price objective for the company. Finally, Royal Bank of Canada restated a “buy” rating and set a $156.00 price objective on shares of NextEra Energy in a report on Tuesday, November 7th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $159.00.

Shares of NextEra Energy Inc (NEE) opened at $153.64 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. The stock has a market capitalization of $72,488.27, a P/E ratio of 23.10, a P/E/G ratio of 3.07 and a beta of 0.31. NextEra Energy Inc has a 12 month low of $117.33 and a 12 month high of $159.40.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The business had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the previous year, the company posted $1.74 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. research analysts predict that NextEra Energy Inc will post 6.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were given a dividend of $0.9825 per share. The ex-dividend date was Wednesday, November 22nd. This represents a $3.93 annualized dividend and a yield of 2.56%. NextEra Energy’s dividend payout ratio is currently 44.16%.

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NextEra Energy Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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