Cbre Clarion Securities LLC Has $49.24 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Cbre Clarion Securities LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 41.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 651,195 shares of the utilities provider’s stock after purchasing an additional 191,574 shares during the quarter. NextEra Energy accounts for approximately 1.0% of Cbre Clarion Securities LLC’s investment portfolio, making the stock its 26th largest holding. Cbre Clarion Securities LLC’s holdings in NextEra Energy were worth $49,237,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. CIBC Private Wealth Group LLC lifted its position in shares of NextEra Energy by 10.9% during the 1st quarter. CIBC Private Wealth Group LLC now owns 4,047,193 shares of the utilities provider’s stock worth $306,008,000 after buying an additional 399,133 shares during the period. Quilter Plc lifted its position in shares of NextEra Energy by 22.0% during the 1st quarter. Quilter Plc now owns 283,995 shares of the utilities provider’s stock worth $21,472,000 after buying an additional 51,237 shares during the period. Ropes Wealth Advisors LLC lifted its position in shares of NextEra Energy by 0.4% during the 1st quarter. Ropes Wealth Advisors LLC now owns 95,310 shares of the utilities provider’s stock worth $7,060,000 after buying an additional 395 shares during the period. Insight Wealth Strategies LLC lifted its position in shares of NextEra Energy by 125.1% during the 1st quarter. Insight Wealth Strategies LLC now owns 24,589 shares of the utilities provider’s stock worth $1,859,000 after buying an additional 13,663 shares during the period. Finally, Ritholtz Wealth Management lifted its position in shares of NextEra Energy by 21.1% during the 1st quarter. Ritholtz Wealth Management now owns 6,899 shares of the utilities provider’s stock worth $522,000 after buying an additional 1,200 shares during the period. Institutional investors and hedge funds own 75.02% of the company’s stock.

Shares of NEE stock traded down $0.43 on Friday, reaching $73.08. 109,042 shares of the stock were exchanged, compared to its average volume of 8,608,507. The company has a market capitalization of $143.34 billion, a PE ratio of 34.80, a PEG ratio of 3.71 and a beta of 0.17. NextEra Energy, Inc. has a one year low of $58.44 and a one year high of $87.69. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 1.01. The firm’s 50 day moving average price is $75.38.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, April 20th. The utilities provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.08. NextEra Energy had a return on equity of 10.81% and a net margin of 24.34%. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The firm’s quarterly revenue was down 19.2% on a year-over-year basis. As a group, analysts anticipate that NextEra Energy, Inc. will post 2.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Wednesday, June 2nd will be paid a dividend of $0.385 per share. The ex-dividend date of this dividend is Tuesday, June 1st. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.11%. NextEra Energy’s dividend payout ratio (DPR) is presently 66.67%.

In related news, CEO James L. Robo sold 118,000 shares of NextEra Energy stock in a transaction on Tuesday, May 11th. The stock was sold at an average price of $73.55, for a total transaction of $8,678,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ronald R. Reagan sold 3,750 shares of NextEra Energy stock in a transaction on Thursday, April 15th. The stock was sold at an average price of $80.00, for a total value of $300,000.00. Following the sale, the executive vice president now directly owns 32,209 shares of the company’s stock, valued at $2,576,720. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 232,416 shares of company stock valued at $17,414,387. 0.38% of the stock is owned by insiders.

Several equities analysts recently commented on the company. Sanford C. Bernstein assumed coverage on NextEra Energy in a research report on Wednesday, March 3rd. They set an “outperform” rating and a $88.00 target price for the company. Credit Suisse Group upgraded NextEra Energy from a “neutral” rating to an “outperform” rating and cut their price objective for the company from $87.00 to $85.00 in a research report on Monday, March 8th. Barclays cut their price objective on NextEra Energy from $82.00 to $78.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 25th. Finally, Morgan Stanley lifted their price objective on NextEra Energy from $72.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 18th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $78.77.

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

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