NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Public Sector Pension Investment Board

by · The Markets Daily

Public Sector Pension Investment Board increased its stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 2.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 358,640 shares of the utilities provider’s stock after buying an additional 10,200 shares during the period. Public Sector Pension Investment Board’s holdings in NextEra Energy were worth $30,316,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NEE. Border to Coast Pensions Partnership Ltd increased its stake in NextEra Energy by 2.2% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock worth $102,495,000 after acquiring an additional 26,270 shares during the last quarter. Swiss National Bank increased its position in NextEra Energy by 0.4% during the 3rd quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock worth $515,481,000 after purchasing an additional 21,400 shares in the last quarter. Magnolia Capital Advisors LLC increased its position in shares of NextEra Energy by 1,224.3% in the second quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock worth $5,130,000 after acquiring an additional 66,982 shares in the last quarter. Dillon & Associates Inc. raised its stake in shares of NextEra Energy by 16.0% in the 3rd quarter. Dillon & Associates Inc. now owns 59,320 shares of the utilities provider’s stock valued at $5,042,000 after acquiring an additional 8,184 shares during the period. Finally, Raymond James & Associates raised its stake in shares of NextEra Energy by 57.0% in the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after acquiring an additional 2,163,437 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NEE. Morgan Stanley reduced their price objective on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Guggenheim increased their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Scotiabank raised their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $86.85.

Read Our Latest Report on NEE

NextEra Energy Stock Up 1.3 %

Shares of NYSE:NEE opened at $78.54 on Thursday. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company’s fifty day moving average is $80.48 and its two-hundred day moving average is $77.79. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The stock has a market capitalization of $161.50 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 2.77 and a beta of 0.57.

NextEra Energy (NYSE:NEE – Get Free Report) last announced its quarterly 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. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter last year, the business posted $0.94 EPS. The business’s revenue was up 5.5% on a year-over-year basis. Equities analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The company 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 dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is 60.95%.

NextEra Energy Company Profile

(Free Report)

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.

See Also

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