Boston Private Wealth LLC Lowers Stake in NextEra Energy Inc (NEE)
Boston Private Wealth LLC lowered its stake in shares of NextEra Energy Inc (NYSE:NEE) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 136,594 shares of the utilities provider’s stock after selling 572 shares during the quarter. Boston Private Wealth LLC’s holdings in NextEra Energy were worth $20,018,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in NextEra Energy by 3,384.2% in the 1st quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after purchasing an additional 36,747,599 shares during the period. Janus Henderson Group PLC raised its position in NextEra Energy by 2,832.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock worth $252,287,000 after purchasing an additional 1,738,989 shares during the period. Vanguard Group Inc. raised its position in NextEra Energy by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock worth $4,785,120,000 after purchasing an additional 1,503,907 shares during the period. Principal Financial Group Inc. raised its position in NextEra Energy by 122.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock worth $207,281,000 after purchasing an additional 814,478 shares during the period. Finally, BT Investment Management Ltd purchased a new position in NextEra Energy in the 2nd quarter worth $96,214,000. Hedge funds and other institutional investors own 75.53% of the company’s stock.
NEE has been the topic of a number of analyst reports. KeyCorp reiterated a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a research report on Friday, September 1st. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Morgan Stanley lifted their target price on shares of NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, September 8th. Bank of America initiated coverage on shares of NextEra Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 target price on the stock. Finally, J P Morgan Chase & Co initiated coverage on shares of NextEra Energy in a research report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. NextEra Energy has an average rating of “Buy” and an average price target of $159.00.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $1.74 EPS. equities analysts expect that NextEra Energy Inc will post 6.73 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were issued a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 44.16%.
In other news, CEO Armando Pimentel, Jr. sold 42,372 shares of NextEra Energy stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the sale, the chief executive officer now owns 121,958 shares of the company’s stock, valued at approximately $19,202,287.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total transaction of $4,545,600.00. The disclosure for this sale can be found here. In the last three months, insiders sold 104,857 shares of company stock worth $15,984,953. Insiders own 0.53% of the company’s stock.
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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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