NextEra Energy Inc (NYSE:NEE) Shares Acquired by Gradient Investments LLC

Gradient Investments LLC raised its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 12.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,238 shares of the utilities provider’s stock after acquiring an additional 1,270 shares during the period. Gradient Investments LLC’s holdings in NextEra Energy were worth $2,618,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Envestnet Asset Management Inc. increased its holdings in NextEra Energy by 5.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 356,876 shares of the utilities provider’s stock worth $73,110,000 after acquiring an additional 18,979 shares in the last quarter. Atlantic Trust LLC grew its holdings in shares of NextEra Energy by 9.8% during the second quarter. Atlantic Trust LLC now owns 12,572 shares of the utilities provider’s stock worth $2,576,000 after buying an additional 1,123 shares in the last quarter. Evercore Wealth Management LLC grew its holdings in shares of NextEra Energy by 8.3% during the second quarter. Evercore Wealth Management LLC now owns 17,361 shares of the utilities provider’s stock worth $3,557,000 after buying an additional 1,327 shares in the last quarter. Mirova grew its holdings in shares of NextEra Energy by 1,657.8% during the second quarter. Mirova now owns 144,407 shares of the utilities provider’s stock worth $29,583,000 after buying an additional 136,192 shares in the last quarter. Finally, Lincoln National Corp grew its holdings in shares of NextEra Energy by 6.3% during the second quarter. Lincoln National Corp now owns 3,128 shares of the utilities provider’s stock worth $641,000 after buying an additional 184 shares in the last quarter. Institutional investors and hedge funds own 76.09% of the company’s stock.

In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $231.32, for a total value of $370,112.00. Following the transaction, the director now owns 16,237 shares of the company’s stock, valued at $3,755,942.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric E. Silagy sold 14,723 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $225.56, for a total transaction of $3,320,919.88. Following the completion of the transaction, the chief executive officer now directly owns 42,884 shares in the company, valued at approximately $9,672,915.04. The disclosure for this sale can be found here. Insiders sold 97,576 shares of company stock worth $21,514,886 in the last ninety days. 0.48% of the stock is currently owned by corporate insiders.

Shares of NEE opened at $230.57 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.88. NextEra Energy Inc has a 12-month low of $164.78 and a 12-month high of $234.27. The firm has a 50-day moving average price of $224.84 and a 200 day moving average price of $207.46. The firm has a market capitalization of $110.18 billion, a P/E ratio of 29.94, a P/E/G ratio of 3.43 and a beta of 0.18.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.07. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The firm had revenue of $4.97 billion during the quarter, compared to analyst estimates of $4.68 billion. During the same quarter in the prior year, the firm posted $2.08 earnings per share. NextEra Energy’s quarterly revenue was up 22.3% on a year-over-year basis. Equities research analysts predict that NextEra Energy Inc will post 8.38 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 29th were given a $1.25 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $5.00 dividend on an annualized basis and a yield of 2.17%. NextEra Energy’s payout ratio is currently 64.94%.

A number of equities research analysts have recently issued reports on the stock. Barclays lowered shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 target price for the company. in a report on Tuesday, August 13th. UBS Group upped their target price on shares of NextEra Energy from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Bank of America upped their target price on shares of NextEra Energy from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Guggenheim upped their target price on shares of NextEra Energy from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Credit Suisse Group upped their target price on shares of NextEra Energy from $231.00 to $232.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $219.85.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

See Also: Buy Rating

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

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