Institutional & Family Asset Management LLC Reduces Position in NextEra Energy Inc (NEE)

Institutional & Family Asset Management LLC cut its stake in NextEra Energy Inc (NYSE:NEE) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,979 shares of the utilities provider’s stock after selling 861 shares during the period. Institutional & Family Asset Management LLC’s holdings in NextEra Energy were worth $3,954,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Janus Henderson Group PLC raised its holdings in shares of NextEra Energy by 2,832.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock worth $252,287,000 after buying an additional 1,738,989 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of NextEra Energy by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock worth $4,785,120,000 after buying an additional 1,503,907 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of NextEra Energy by 122.5% during the 2nd quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock worth $207,281,000 after buying an additional 814,478 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of NextEra Energy by 26.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock worth $548,102,000 after buying an additional 777,351 shares in the last quarter. Finally, BT Investment Management Ltd acquired a new position in shares of NextEra Energy during the 2nd quarter worth $96,214,000. 75.38% of the stock is owned by hedge funds and other institutional investors.

In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Joseph T. Kelliher sold 2,000 shares of the company’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 74,372 shares of company stock worth $11,517,071 in the last 90 days. 0.53% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently commented on NEE shares. KeyCorp reissued a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a report on Friday, September 1st. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Morgan Stanley boosted their price target on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. Bank of America started coverage on NextEra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price target for the company. Finally, Argus reissued a “buy” rating and set a $173.00 price target on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $159.00.

Shares of NextEra Energy Inc (NYSE NEE) opened at $156.35 on Friday. The firm has a market capitalization of $72,440.00, a price-to-earnings ratio of 17.57, a P/E/G ratio of 3.08 and a beta of 0.31. NextEra Energy Inc has a 52-week low of $117.33 and a 52-week 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.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.89 billion. NextEra Energy had a return on equity of 12.99% and a net margin of 17.80%. NextEra Energy’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 EPS. analysts forecast that NextEra Energy Inc will post 6.73 earnings per share 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 dividend on an annualized basis and a yield of 2.51%. 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.

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

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