Ropes Wealth Advisors LLC Has $6.84 Million Stake in NextEra Energy Inc (NYSE:NEE)

Ropes Wealth Advisors LLC boosted its position in NextEra Energy Inc (NYSE:NEE) by 2.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 29,371 shares of the utilities provider’s stock after purchasing an additional 788 shares during the period. NextEra Energy makes up approximately 1.5% of Ropes Wealth Advisors LLC’s holdings, making the stock its 12th biggest position. Ropes Wealth Advisors LLC’s holdings in NextEra Energy were worth $6,843,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NEE. UBS Asset Management Americas Inc. lifted its holdings in NextEra Energy by 41.5% in the second quarter. UBS Asset Management Americas Inc. now owns 2,524,371 shares of the utilities provider’s stock valued at $517,143,000 after buying an additional 740,059 shares during the period. Railway Pension Investments Ltd acquired a new position in NextEra Energy in the second quarter valued at $13,001,000. Vanguard Group Inc. lifted its holdings in NextEra Energy by 1.3% in the second quarter. Vanguard Group Inc. now owns 43,282,619 shares of the utilities provider’s stock valued at $8,866,878,000 after buying an additional 573,923 shares during the period. California Public Employees Retirement System lifted its holdings in NextEra Energy by 19.1% in the second quarter. California Public Employees Retirement System now owns 3,437,222 shares of the utilities provider’s stock valued at $704,149,000 after buying an additional 550,956 shares during the period. Finally, Thoroughbred Financial Services LLC lifted its holdings in NextEra Energy by 20,386.0% in the second quarter. Thoroughbred Financial Services LLC now owns 435,942 shares of the utilities provider’s stock valued at $43,594,000 after buying an additional 433,814 shares during the period. Institutional investors and hedge funds own 74.53% of the company’s stock.

Shares of NYSE NEE traded up $0.14 during trading on Monday, hitting $222.22. 1,526,415 shares of the company traded hands, compared to its average volume of 1,974,897. The business’s fifty day moving average is $231.32 and its 200 day moving average is $213.40. NextEra Energy Inc has a fifty-two week low of $164.78 and a fifty-two week high of $239.89. The firm has a market capitalization of $111.01 billion, a price-to-earnings ratio of 28.86, a P/E/G ratio of 3.40 and a beta of 0.17. 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 (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share for the quarter, beating the 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 firm 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 business earned $2.18 earnings per share. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. On average, analysts predict that NextEra Energy Inc will post 8.36 EPS for the current year.

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

NEE has been the topic of several recent analyst reports. Wells Fargo & Co boosted their target price on shares of NextEra Energy from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Guggenheim boosted their target price on shares of NextEra Energy from $230.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Morgan Stanley boosted their target price on shares of NextEra Energy from $241.00 to $242.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. ValuEngine lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $214.00 to $252.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and a consensus price target of $231.67.

In other news, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $231.32, for a total transaction of $370,112.00. Following the completion of the sale, the director now directly owns 16,237 shares of the company’s stock, valued at $3,755,942.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO James L. Robo sold 44,537 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $216.85, for a total transaction of $9,657,848.45. The disclosure for this sale can be found here. Insiders have sold 97,576 shares of company stock worth $21,514,886 in the last quarter. Company 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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