AEGON ASSET MANAGEMENT UK Plc Sells 33,411 Shares of NextEra Energy, Inc. (NYSE:NEE)

AEGON ASSET MANAGEMENT UK Plc cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.1% during the 3rd quarter, Holdings Channel reports. The firm owned 774,152 shares of the utilities provider’s stock after selling 33,411 shares during the quarter. NextEra Energy comprises 0.9% of AEGON ASSET MANAGEMENT UK Plc’s portfolio, making the stock its 26th biggest holding. AEGON ASSET MANAGEMENT UK Plc’s holdings in NextEra Energy were worth $65,433,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Tandem Capital Management Corp ADV lifted its position in shares of NextEra Energy by 1.3% during the third quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock valued at $840,000 after purchasing an additional 125 shares in the last quarter. Insight Folios Inc boosted its stake in shares of NextEra Energy by 1.5% in the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock worth $713,000 after buying an additional 126 shares during the last quarter. Taylor & Morgan Wealth Management LLC grew its holdings in shares of NextEra Energy by 1.7% in the third quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock valued at $655,000 after acquiring an additional 126 shares in the last quarter. Osborne Partners Capital Management LLC increased its position in shares of NextEra Energy by 1.2% during the third quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock valued at $906,000 after acquiring an additional 128 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its holdings in NextEra Energy by 0.4% during the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock worth $2,597,000 after acquiring an additional 130 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NEE. Morgan Stanley raised their target price on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Scotiabank raised their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Bank of America increased their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Finally, Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $86.54.

NextEra Energy Trading Up 3.2 %

Shares of NEE opened at $76.98 on Friday. The business’s 50-day moving average price is $82.05 and its 200-day moving average price is $77.11. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a twelve month low of $53.81 and a twelve month high of $86.10. The stock has a market cap of $158.30 billion, a PE ratio of 22.78, a P/E/G ratio of 2.83 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.94 EPS. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.68%. NextEra Energy’s dividend payout ratio is currently 60.95%.

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,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.