KCG Holdings Inc. Acquires 15,434 Shares of NextEra Energy, Inc. (NEE)
KCG Holdings Inc. raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 422.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,087 shares of the utilities provider’s stock after buying an additional 15,434 shares during the period. KCG Holdings Inc.’s holdings in NextEra Energy were worth $2,450,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its position in shares of NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock valued at $4,856,682,000 after buying an additional 36,747,599 shares in the last quarter. APG Asset Management N.V. boosted its position in shares of NextEra Energy by 75.0% in the first quarter. APG Asset Management N.V. now owns 1,971,565 shares of the utilities provider’s stock valued at $253,090,000 after buying an additional 844,862 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of NextEra Energy by 7,771.4% in the first quarter. Canada Pension Plan Investment Board now owns 399,000 shares of the utilities provider’s stock valued at $51,220,000 after buying an additional 393,931 shares in the last quarter. Swiss National Bank boosted its position in shares of NextEra Energy by 26.1% in the first quarter. Swiss National Bank now owns 1,851,224 shares of the utilities provider’s stock valued at $237,642,000 after buying an additional 382,800 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of NextEra Energy by 7.9% in the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock valued at $586,925,000 after buying an additional 336,562 shares in the last quarter. 76.84% of the stock is owned by institutional investors.
NextEra Energy, Inc. (NEE) traded up 0.53% during midday trading on Friday, hitting $150.10. 1,259,107 shares of the stock traded hands. The company has a market cap of $70.43 billion, a PE ratio of 17.19 and a beta of 0.32. The company’s 50-day moving average is $145.70 and its 200-day moving average is $137.05. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $151.19.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the company earned $1.67 earnings per share. The business’s revenue was up 15.4% compared to the same quarter last year. Equities research analysts expect that NextEra Energy, Inc. will post $6.72 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a yield of 2.62%. NextEra Energy’s dividend payout ratio is currently 45.02%.
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NEE has been the subject of several recent research reports. Royal Bank Of Canada reissued a “buy” rating and issued a $144.00 price target on shares of NextEra Energy in a research report on Tuesday, May 2nd. Morgan Stanley raised their price target on shares of NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, May 8th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of NextEra Energy in a research report on Monday, July 24th. They issued a “buy” rating and a $160.00 price target for the company. BMO Capital Markets reaffirmed a “buy” rating and set a $156.00 price objective (up from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. Finally, BidaskClub cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. NextEra Energy has an average rating of “Buy” and a consensus price target of $148.64.
In other NextEra Energy news, Director Eric E. Silagy sold 8,111 shares of NextEra Energy stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the sale, the director now owns 26,884 shares in the company, valued at $3,779,352.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total transaction of $4,411,500.00. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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