EFG Asset Management Americas Corp. Has $5.35 Million Stock Position in NextEra Energy Inc (NYSE:NEE)

EFG Asset Management Americas Corp. lifted its position in NextEra Energy Inc (NYSE:NEE) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,962 shares of the utilities provider’s stock after buying an additional 813 shares during the quarter. NextEra Energy comprises approximately 1.6% of EFG Asset Management Americas Corp.’s holdings, making the stock its 19th largest position. EFG Asset Management Americas Corp.’s holdings in NextEra Energy were worth $5,350,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in shares of NextEra Energy by 5.6% in the second quarter. Envestnet Asset Management Inc. now owns 356,876 shares of the utilities provider’s stock worth $73,110,000 after buying an additional 18,979 shares during the last quarter. Atlantic Trust LLC raised its stake in NextEra Energy by 9.8% during the 2nd quarter. Atlantic Trust LLC now owns 12,572 shares of the utilities provider’s stock valued at $2,576,000 after purchasing an additional 1,123 shares during the last quarter. LS Investment Advisors LLC raised its stake in NextEra Energy by 0.3% during the 3rd quarter. LS Investment Advisors LLC now owns 19,041 shares of the utilities provider’s stock valued at $4,436,000 after purchasing an additional 49 shares during the last quarter. Evercore Wealth Management LLC raised its stake in NextEra Energy by 8.3% during the 2nd quarter. Evercore Wealth Management LLC now owns 17,361 shares of the utilities provider’s stock valued at $3,557,000 after purchasing an additional 1,327 shares during the last quarter. Finally, Mirova raised its stake in NextEra Energy by 1,657.8% during the 2nd quarter. Mirova now owns 144,407 shares of the utilities provider’s stock valued at $29,583,000 after purchasing an additional 136,192 shares during the last quarter. Institutional investors and hedge funds own 74.70% of the company’s stock.

Several research firms recently commented on NEE. Morgan Stanley upped their target price on shares of NextEra Energy from $241.00 to $242.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $214.00 to $252.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Credit Suisse Group increased their price objective on shares of NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. ValuEngine cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, KeyCorp increased their price objective on shares of NextEra Energy from $231.00 to $242.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. NextEra Energy presently has an average rating of “Buy” and a consensus target price of $231.67.

NEE opened at $222.22 on Tuesday. The firm’s 50-day simple moving average is $231.19 and its 200-day simple moving average is $213.72. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.47 and a current ratio of 0.58. NextEra Energy Inc has a twelve month low of $164.78 and a twelve month high of $239.89. The firm has a market cap of $108.55 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 3.33 and a beta of 0.17.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.27 by $0.12. NextEra Energy had a net margin of 16.92% and a return on equity of 10.59%. The business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the prior year, the firm earned $2.18 EPS. The firm’s quarterly revenue was up 26.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that NextEra Energy Inc will post 8.36 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Wednesday, November 27th. NextEra Energy’s dividend payout ratio is currently 64.94%.

In other news, Director Rudy E. Schupp sold 1,600 shares of the firm’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 approximately $3,755,942.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric E. Silagy sold 14,723 shares of the firm’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. In the last three months, insiders have sold 97,576 shares of company stock worth $21,514,886. Insiders own 0.48% of the company’s stock.

About NextEra Energy

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.

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

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