Santa Barbara Asset Management LLC boosted its position in shares of NextEra Energy Inc (NYSE:NEE) by 0.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,273,989 shares of the utilities provider’s stock after acquiring an additional 1,992 shares during the quarter. NextEra Energy accounts for approximately 3.0% of Santa Barbara Asset Management LLC’s investment portfolio, making the stock its 7th biggest holding. Santa Barbara Asset Management LLC owned approximately 0.27% of NextEra Energy worth $186,703,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of NEE. BlackRock Inc. increased its holdings in shares of NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock valued at $4,856,682,000 after purchasing an additional 36,747,599 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of NextEra Energy by 2,832.8% in the second quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock valued at $252,287,000 after purchasing an additional 1,738,989 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of NextEra Energy by 4.6% in the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after purchasing an additional 1,503,907 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of NextEra Energy by 122.5% in the second quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock valued at $207,281,000 after acquiring an additional 814,478 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of NextEra Energy by 26.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock valued at $548,102,000 after acquiring an additional 777,351 shares in the last quarter. 75.53% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently commented on the stock. Argus restated a “buy” rating and issued a $173.00 price target on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. J P Morgan Chase & Co assumed coverage on shares of NextEra Energy in a research note on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price target on the stock. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a research note on Tuesday, October 10th. Morgan Stanley upped their price target on shares of NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Finally, KeyCorp restated a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $159.00.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The business had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the prior year, the business posted $1.74 earnings per share. NextEra Energy’s revenue was up .1% compared to the same quarter last year. analysts expect that NextEra Energy Inc will post 6.73 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were given a dividend of $0.9825 per share. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $3.93 annualized dividend and a yield of 2.54%. NextEra Energy’s dividend payout ratio is 44.16%.
In related news, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total transaction of $4,545,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the sale, the chief executive officer now directly owns 121,958 shares of the company’s stock, valued at approximately $19,202,287.10. The disclosure for this sale can be found here. Insiders have sold 74,372 shares of company stock valued at $11,517,071 in the last ninety days. 0.53% of the stock is currently owned by company insiders.
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NextEra Energy Company 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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