Dupont Capital Management Corp Sells 4,129 Shares of NextEra Energy Inc (NEE)
Dupont Capital Management Corp decreased its stake in shares of NextEra Energy Inc (NYSE:NEE) by 20.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 16,479 shares of the utilities provider’s stock after selling 4,129 shares during the period. Dupont Capital Management Corp’s holdings in NextEra Energy were worth $2,762,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of NEE. Bank of New York Mellon Corp increased its holdings in shares of NextEra Energy by 12.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,180,979 shares of the utilities provider’s stock valued at $698,348,000 after acquiring an additional 455,401 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of NextEra Energy by 16,614.8% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 379,593 shares of the utilities provider’s stock valued at $2,246,000 after acquiring an additional 377,322 shares during the last quarter. Standard Life Aberdeen plc increased its holdings in shares of NextEra Energy by 18.9% during the 2nd quarter. Standard Life Aberdeen plc now owns 2,067,406 shares of the utilities provider’s stock valued at $345,352,000 after acquiring an additional 329,056 shares during the last quarter. KAMES CAPITAL plc increased its holdings in shares of NextEra Energy by 94.0% during the 3rd quarter. KAMES CAPITAL plc now owns 652,681 shares of the utilities provider’s stock valued at $109,383,000 after acquiring an additional 316,174 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of NextEra Energy by 25.3% during the 2nd quarter. California Public Employees Retirement System now owns 1,398,467 shares of the utilities provider’s stock valued at $233,586,000 after acquiring an additional 282,633 shares during the last quarter. 75.59% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently commented on NEE shares. KeyCorp increased their price objective on NextEra Energy from $168.00 to $178.00 and gave the company an “overweight” rating in a report on Thursday, July 19th. Howard Weil started coverage on NextEra Energy in a report on Tuesday, July 24th. They set a “sector perform” rating on the stock. Scotiabank started coverage on NextEra Energy in a report on Tuesday, July 24th. They set a “hold” rating and a $70.00 price objective on the stock. ValuEngine raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Finally, Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 price objective on the stock in a report on Wednesday, August 8th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $174.62.
NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.15 by $0.03. The firm had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.92 billion. NextEra Energy had a return on equity of 10.21% and a net margin of 51.25%. The company’s revenue was down 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.85 EPS. Research analysts expect that NextEra Energy Inc will post 7.76 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be issued a $1.11 dividend. This represents a $4.44 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, November 29th. NextEra Energy’s dividend payout ratio (DPR) is currently 66.27%.
In other NextEra Energy news, Treasurer Paul I. Cutler sold 11,016 shares of the firm’s stock in a transaction that occurred on Wednesday, October 10th. The stock was sold at an average price of $175.08, for a total value of $1,928,681.28. Following the sale, the treasurer now owns 102,291 shares of the company’s stock, valued at approximately $17,909,108.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Armando Pimentel, Jr. sold 4,920 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $170.11, for a total value of $836,941.20. Following the completion of the sale, the chief executive officer now directly owns 59,969 shares in the company, valued at approximately $10,201,326.59. The disclosure for this sale can be found here. Insiders sold a total of 68,210 shares of company stock worth $11,744,017 in the last ninety days. Insiders own 0.55% of the company’s stock.
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About NextEra Energy
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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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