Robeco Institutional Asset Management B.V. Sells 32,842 Shares of NextEra Energy, Inc. $NEE
by Doug Wharley · The Cerbat GemRobeco Institutional Asset Management B.V. lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 12.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 231,936 shares of the utilities provider’s stock after selling 32,842 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in NextEra Energy were worth $17,509,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of NextEra Energy by 2.7% in the second quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock worth $14,777,923,000 after buying an additional 5,554,603 shares in the last quarter. Geode Capital Management LLC increased its stake in NextEra Energy by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock worth $3,161,774,000 after acquiring an additional 526,996 shares during the last quarter. Norges Bank purchased a new stake in shares of NextEra Energy in the 2nd quarter valued at about $2,375,545,000. Charles Schwab Investment Management Inc. boosted its position in shares of NextEra Energy by 2.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock valued at $1,165,896,000 after acquiring an additional 340,315 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of NextEra Energy by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 16,414,103 shares of the utilities provider’s stock valued at $1,139,467,000 after acquiring an additional 408,198 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at NextEra Energy
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the transaction, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at $13,651,569.63. The trade was a 47.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by insiders.
NextEra Energy Price Performance
Shares of NextEra Energy stock opened at $79.42 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The company has a fifty day moving average of $82.37 and a 200-day moving average of $77.74. The stock has a market capitalization of $165.40 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 2.43 and a beta of 0.74.
NextEra Energy (NYSE:NEE – Get Free Report) last posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.
NextEra Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were issued a dividend of $0.5665 per share. The ex-dividend date was Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.9%. NextEra Energy’s dividend payout ratio is currently 72.29%.
Wall Street Analysts Forecast Growth
NEE has been the topic of a number of recent analyst reports. Wolfe Research raised their target price on shares of NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research note on Monday, December 1st. BTIG Research reissued a “buy” rating and issued a $100.00 price target on shares of NextEra Energy in a report on Tuesday, December 9th. Morgan Stanley dropped their price objective on shares of NextEra Energy from $98.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of NextEra Energy in a research report on Monday, December 29th. Finally, Evercore ISI restated an “outperform” rating and set a $93.00 price target on shares of NextEra Energy in a research report on Tuesday, October 28th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.72.
View Our Latest Stock Report on NEE
NextEra Energy Profile
NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.
NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.
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