Mutual of America Capital Management LLC Increases Holdings in NextEra Energy, Inc. (NEE)
Mutual of America Capital Management LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 12.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,143 shares of the utilities provider’s stock after acquiring an additional 9,495 shares during the period. Mutual of America Capital Management LLC’s holdings in NextEra Energy were worth $12,331,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Wayne Hummer Investments L.L.C. raised its position in shares of NextEra Energy by 95.1% in the first quarter. Wayne Hummer Investments L.L.C. now owns 4,862 shares of the utilities provider’s stock valued at $624,000 after buying an additional 2,370 shares during the last quarter. Atlantic Trust Group LLC raised its position in shares of NextEra Energy by 0.3% in the first quarter. Atlantic Trust Group LLC now owns 641,175 shares of the utilities provider’s stock valued at $82,308,000 after buying an additional 2,103 shares during the last quarter. Ruggie Capital Group acquired a new position in shares of NextEra Energy in the first quarter valued at approximately $191,000. Sandy Spring Bank raised its position in shares of NextEra Energy by 0.3% in the first quarter. Sandy Spring Bank now owns 26,529 shares of the utilities provider’s stock valued at $3,405,000 after buying an additional 77 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in shares of NextEra Energy by 5.4% in the first quarter. Schroder Investment Management Group now owns 735,587 shares of the utilities provider’s stock valued at $94,251,000 after buying an additional 37,531 shares during the last quarter. Institutional investors own 74.55% of the company’s stock.
In other NextEra Energy news, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the completion of the sale, the executive vice president now directly owns 78,167 shares in the company, valued at $11,456,155.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John W. Ketchum sold 2,900 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $150.00, for a total transaction of $435,000.00. Following the sale, the executive vice president now owns 18,786 shares of the company’s stock, valued at $2,817,900. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,385 shares of company stock valued at $9,748,482. 0.53% of the stock is owned by insiders.
A number of equities analysts have recently weighed in on the stock. Bank of America Corporation assumed coverage on shares of NextEra Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price objective for the company. Royal Bank Of Canada reissued a “buy” rating and issued a $156.00 price objective on shares of NextEra Energy in a research report on Tuesday, November 7th. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. KeyCorp reissued a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co set a $169.00 price objective on shares of NextEra Energy and gave the company a “hold” rating in a research report on Thursday, October 12th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. NextEra Energy presently has a consensus rating of “Buy” and a consensus price target of $155.38.
Shares of NextEra Energy, Inc. (NYSE NEE) opened at $155.92 on Tuesday. NextEra Energy, Inc. has a twelve month low of $112.63 and a twelve month high of $159.28. The stock has a market cap of $73,400.00, a P/E ratio of 23.39, a P/E/G ratio of 3.10 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49.
NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the previous year, the firm earned $1.74 earnings per share. NextEra Energy’s revenue was up .1% compared to the same quarter last year. equities analysts anticipate that NextEra Energy, Inc. will post 6.73 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.9825 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 annualized dividend and a yield of 2.52%. NextEra Energy’s dividend payout ratio is currently 44.16%.
TRADEMARK VIOLATION NOTICE: This article was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/11/21/mutual-of-america-capital-management-llc-increases-holdings-in-nextera-energy-inc-nee.html.
NextEra Energy 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.
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE).
Receive News & Stock Ratings for NextEra Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy Inc. and related stocks with our FREE daily email newsletter.