Moors & Cabot Inc. Raises Position in NextEra Energy Inc (NEE)

Moors & Cabot Inc. boosted its position in shares of NextEra Energy Inc (NYSE:NEE) by 147.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,093 shares of the utilities provider’s stock after acquiring an additional 7,797 shares during the period. Moors & Cabot Inc.’s holdings in NextEra Energy were worth $1,920,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NEE. Janus Henderson Group PLC boosted its holdings in 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 valued at $252,287,000 after purchasing an additional 1,738,989 shares in the last quarter. Vanguard Group Inc. boosted its holdings in NextEra Energy by 4.6% during 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 in the last quarter. Principal Financial Group Inc. boosted its holdings in 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 valued at $207,281,000 after purchasing an additional 814,478 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in NextEra Energy by 26.4% during 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 purchasing an additional 777,351 shares in the last quarter. Finally, BT Investment Management Ltd acquired a new stake in NextEra Energy during the second quarter valued at approximately $96,214,000. Hedge funds and other institutional investors own 75.38% of the company’s stock.

Several research analysts have recently commented on NEE shares. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Bank of America started coverage on NextEra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 target price on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $156.00 target price on shares of NextEra Energy in a report on Tuesday, November 7th. KeyCorp reissued a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a report on Friday, September 1st. Finally, Credit Suisse Group started coverage on NextEra Energy in a report on Thursday, December 7th. They issued an “outperform” rating and a $173.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $159.00.

In other NextEra Energy news, EVP Joseph T. Kelliher sold 2,000 shares of the company’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total transaction of $4,545,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,372 shares of company stock worth $11,517,071. Company insiders own 0.53% of the company’s stock.

NextEra Energy Inc (NYSE NEE) opened at $155.29 on Thursday. NextEra Energy Inc has a 1-year low of $117.33 and a 1-year high of $159.40. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $72,440.00, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 3.08 and a beta of 0.31.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 12.99% and a net margin of 17.80%. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the prior year, the business earned $1.74 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. equities analysts expect that NextEra Energy Inc will post 6.73 earnings per share 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 issued a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a yield of 2.53%. The ex-dividend date was Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is 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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