NextEra Energy Inc (NYSE:NEE) Shares Purchased by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC increased its position in shares of NextEra Energy Inc (NYSE:NEE) by 21.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,068 shares of the utilities provider’s stock after buying an additional 1,092 shares during the quarter. Princeton Global Asset Management LLC’s holdings in NextEra Energy were worth $1,408,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in NEE. UBS Asset Management Americas Inc. increased 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 in the last quarter. Vanguard Group Inc. raised its position in shares of NextEra Energy by 1.3% in the second quarter. Vanguard Group Inc. now owns 43,282,619 shares of the utilities provider’s stock worth $8,866,878,000 after acquiring an additional 573,923 shares during the period. California Public Employees Retirement System raised its position in shares of 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 worth $704,149,000 after acquiring an additional 550,956 shares during the period. Bahl & Gaynor Inc. boosted its stake in shares of NextEra Energy by 21.6% during the 2nd quarter. Bahl & Gaynor Inc. now owns 2,412,212 shares of the utilities provider’s stock worth $494,166,000 after acquiring an additional 427,760 shares in the last quarter. Finally, Schafer Cullen Capital Management Inc boosted its stake in shares of NextEra Energy by 26.5% during the 2nd quarter. Schafer Cullen Capital Management Inc now owns 973,286 shares of the utilities provider’s stock worth $203,154,000 after acquiring an additional 203,893 shares in the last quarter. Institutional investors own 77.03% of the company’s stock.

Shares of NEE stock traded up $0.98 on Tuesday, reaching $232.23. 2,379,076 shares of the company were exchanged, compared to its average volume of 1,964,619. NextEra Energy Inc has a 1 year low of $164.78 and a 1 year high of $239.89. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.47 and a current ratio of 0.58. The business has a 50-day moving average price of $231.77 and a 200 day moving average price of $217.99. The company has a market cap of $113.51 billion, a price-to-earnings ratio of 30.16, a P/E/G ratio of 3.50 and a beta of 0.15.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share for the quarter, beating the Zacks’ 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 period last year, the company posted $2.18 EPS. NextEra Energy’s quarterly revenue was up 26.1% compared to the same quarter last year. As a group, equities analysts anticipate that NextEra Energy Inc will post 8.37 earnings per share for the current year.

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.15%. NextEra Energy’s payout ratio is currently 64.94%.

NEE has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $214.00 to $252.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Guggenheim upped their price target on NextEra Energy from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Morgan Stanley increased their price target on NextEra Energy from $241.00 to $242.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. UBS Group raised their price objective on NextEra Energy from $240.00 to $250.00 and gave the company a “buy” rating in a report on Friday, September 6th. Finally, Wells Fargo & Co boosted their price objective on NextEra Energy from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. NextEra Energy currently has an average rating of “Buy” and a consensus price target of $231.67.

In other news, Director Sherry S. Barrat sold 4,700 shares of NextEra Energy stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $218.57, for a total value of $1,027,279.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $231.32, for a total value of $370,112.00. Following the sale, the director now owns 16,237 shares of the company’s stock, valued at $3,755,942.84. The disclosure for this sale can be found here. Insiders have sold 24,302 shares of company stock valued at $5,437,068 in the last three months. Insiders own 0.48% 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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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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