Day & Ennis LLC trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,893 shares of the utilities provider’s stock after selling 267 shares during the quarter. Day & Ennis LLC’s holdings in NextEra Energy were worth $219,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in NEE. Norges Bank acquired a new stake in shares of NextEra Energy during the fourth quarter worth $2,351,012,000. Northern Trust Corp raised its holdings in shares of NextEra Energy by 290.1% during the fourth quarter. Northern Trust Corp now owns 25,759,220 shares of the utilities provider’s stock worth $1,987,325,000 after acquiring an additional 19,155,193 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of NextEra Energy by 293.5% during the fourth quarter. Bank of New York Mellon Corp now owns 20,373,747 shares of the utilities provider’s stock worth $1,571,834,000 after acquiring an additional 15,195,906 shares during the period. California Public Employees Retirement System raised its holdings in shares of NextEra Energy by 287.6% during the fourth quarter. California Public Employees Retirement System now owns 15,819,335 shares of the utilities provider’s stock worth $1,220,462,000 after acquiring an additional 11,737,595 shares during the period. Finally, Bahl & Gaynor Inc. raised its holdings in shares of NextEra Energy by 637.5% during the fourth quarter. Bahl & Gaynor Inc. now owns 15,271,969 shares of the utilities provider’s stock worth $1,178,232,000 after acquiring an additional 13,201,254 shares during the period. 19.20% of the stock is currently owned by institutional investors.
NYSE NEE traded down $1.60 during trading on Tuesday, reaching $75.10. The company’s stock had a trading volume of 195,548 shares, compared to its average volume of 8,816,527. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $147.30 billion, a price-to-earnings ratio of 38.64, a price-to-earnings-growth ratio of 4.07 and a beta of 0.16. NextEra Energy, Inc. has a 12 month low of $55.65 and a 12 month high of $87.69. The firm has a 50 day moving average price of $76.41 and a 200 day moving average price of $78.07.
The company also recently announced a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Friday, February 26th were given a $0.385 dividend. This represents a $1.54 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Thursday, February 25th. NextEra Energy’s payout ratio is presently 73.68%.
In related news, CEO James L. Robo sold 118,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 2nd. The shares were sold at an average price of $76.02, for a total transaction of $8,970,360.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO James Michael May sold 6,031 shares of the company’s stock in a transaction that occurred on Wednesday, March 17th. The stock was sold at an average price of $75.00, for a total transaction of $452,325.00. Following the transaction, the chief accounting officer now owns 12,508 shares of the company’s stock, valued at $938,100. The disclosure for this sale can be found here. Insiders sold a total of 192,680 shares of company stock valued at $14,718,893 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.
NEE has been the topic of a number of research analyst reports. Sanford C. Bernstein initiated coverage on shares of NextEra Energy in a report on Tuesday, March 9th. They set an “outperform” rating and a $88.00 price objective on the stock. Credit Suisse Group upgraded shares of NextEra Energy from a “neutral” rating to an “outperform” rating and lowered their price target for the company from $87.00 to $85.00 in a research note on Monday, March 15th. Barclays lifted their price target on shares of NextEra Energy from $78.00 to $82.00 and gave the company an “equal weight” rating in a research note on Monday, April 19th. Bank of America reiterated a “buy” rating and issued a $81.00 price target on shares of NextEra Energy in a research note on Friday, January 15th. Finally, Morgan Stanley lifted their price target on shares of NextEra Energy from $66.00 to $72.00 and gave the company an “equal weight” rating in a research note on Monday, April 26th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. NextEra Energy currently has an average rating of “Buy” and a consensus price target of $78.83.
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 fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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