Reliance Trust Co. of Delaware lowered its stake in NextEra Energy Inc (NYSE:NEE) by 7.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,142 shares of the utilities provider’s stock after selling 1,590 shares during the quarter. Reliance Trust Co. of Delaware’s holdings in NextEra Energy were worth $3,376,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of NEE. Principal Financial Group Inc. lifted its holdings in NextEra Energy by 3.2% in the first quarter. Principal Financial Group Inc. now owns 1,641,235 shares of the utilities provider’s stock worth $268,063,000 after purchasing an additional 51,158 shares during the period. Summit Trail Advisors LLC lifted its holdings in NextEra Energy by 36.9% in the 1st quarter. Summit Trail Advisors LLC now owns 2,637 shares of the utilities provider’s stock valued at $313,000 after acquiring an additional 711 shares during the last quarter. Tandem Investment Advisors Inc. lifted its holdings in NextEra Energy by 3.7% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 35,615 shares of the utilities provider’s stock valued at $5,949,000 after acquiring an additional 1,275 shares during the last quarter. Bath Savings Trust Co lifted its holdings in NextEra Energy by 5.6% in the 2nd quarter. Bath Savings Trust Co now owns 52,395 shares of the utilities provider’s stock valued at $8,751,000 after acquiring an additional 2,769 shares during the last quarter. Finally, DnB Asset Management AS lifted its holdings in NextEra Energy by 6.5% in the 2nd quarter. DnB Asset Management AS now owns 73,932 shares of the utilities provider’s stock valued at $12,349,000 after acquiring an additional 4,500 shares during the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.
NYSE NEE opened at $173.55 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.57 and a current ratio of 0.65. The stock has a market cap of $81.20 billion, a price-to-earnings ratio of 25.90, a P/E/G ratio of 2.66 and a beta of 0.20. NextEra Energy Inc has a 1 year low of $145.10 and a 1 year high of $176.82.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be issued a dividend of $1.11 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $4.44 annualized dividend and a yield of 2.56%. NextEra Energy’s payout ratio is presently 66.27%.
A number of equities research analysts have weighed in on the stock. Howard Weil assumed coverage on shares of NextEra Energy in a report on Tuesday, July 24th. They issued a “sector perform” rating for the company. Wells Fargo & Co upped their price target on shares of NextEra Energy from $191.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, October 10th. Morgan Stanley cut their price target on shares of NextEra Energy from $186.00 to $184.00 and set a “buy” rating for the company in a report on Friday, September 21st. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 price target for the company in a report on Wednesday, August 8th. Finally, Barclays assumed coverage on shares of NextEra Energy in a report on Tuesday, July 10th. They issued an “equal weight” rating and a $182.00 price target for the company. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. NextEra Energy presently has a consensus rating of “Buy” and an average target price of $171.00.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 10,734 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $170.98, for a total transaction of $1,835,299.32. Following the sale, the chief executive officer now owns 64,169 shares in the company, valued at approximately $10,971,615.62. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James L. Robo sold 18,000 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $170.69, for a total value of $3,072,420.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,024 shares of company stock worth $12,742,375. Corporate insiders own 0.55% of the company’s stock.
NextEra Energy 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.
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