GW&K Investment Management LLC cut its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 1.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 302,171 shares of the utilities provider’s stock after selling 5,999 shares during the quarter. NextEra Energy comprises approximately 1.0% of GW&K Investment Management LLC’s portfolio, making the stock its 12th largest holding. GW&K Investment Management LLC’s holdings in NextEra Energy were worth $70,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Buckingham Capital Management Inc. boosted its position in NextEra Energy by 4.9% in the first quarter. Buckingham Capital Management Inc. now owns 13,958 shares of the utilities provider’s stock worth $2,698,000 after purchasing an additional 651 shares during the last quarter. Bath Savings Trust Co raised its stake in shares of NextEra Energy by 0.9% in the second quarter. Bath Savings Trust Co now owns 54,751 shares of the utilities provider’s stock worth $11,216,000 after buying an additional 501 shares during the period. Park National Corp OH raised its stake in shares of NextEra Energy by 13.8% in the second quarter. Park National Corp OH now owns 58,191 shares of the utilities provider’s stock worth $11,921,000 after buying an additional 7,038 shares during the period. Private Trust Co. NA raised its stake in shares of NextEra Energy by 13.0% in the second quarter. Private Trust Co. NA now owns 6,636 shares of the utilities provider’s stock worth $1,359,000 after buying an additional 761 shares during the period. Finally, Dorsey Wright & Associates raised its stake in shares of NextEra Energy by 1.6% in the second quarter. Dorsey Wright & Associates now owns 14,853 shares of the utilities provider’s stock worth $3,043,000 after buying an additional 240 shares during the period. 74.53% of the stock is currently owned by institutional investors.

In related news, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $231.32, for a total transaction of $370,112.00. Following the completion of the transaction, the director now owns 16,237 shares in the company, valued at approximately $3,755,942.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Treasurer Paul I. Cutler sold 23,750 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $223.59, for a total value of $5,310,262.50. Following the transaction, the treasurer now owns 93,462 shares of the company’s stock, valued at approximately $20,897,168.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,576 shares of company stock valued at $21,514,886. 0.48% of the stock is owned by company insiders.

NEE traded down $1.01 on Friday, hitting $222.08. 1,583,945 shares of the company’s stock traded hands, compared to its average volume of 1,974,897. The company has a current ratio of 0.58, a quick ratio of 0.47 and a debt-to-equity ratio of 0.90. NextEra Energy Inc has a one year low of $164.78 and a one year high of $239.89. The company’s 50 day simple moving average is $231.32 and its 200-day simple moving average is $213.40. The firm has a market cap of $111.01 billion, a price-to-earnings ratio of 28.84, a P/E/G ratio of 3.40 and a beta of 0.17.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.12. NextEra Energy had a return on equity of 10.59% and a net margin of 16.92%. The business had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the previous year, the company posted $2.18 EPS. The company’s revenue was up 26.1% compared to the same quarter last year. As a group, equities analysts anticipate that NextEra Energy Inc will post 8.36 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Wednesday, November 27th. NextEra Energy’s dividend payout ratio (DPR) is 64.94%.

Several research firms have recently commented on NEE. Credit Suisse Group raised their price objective on NextEra Energy from $231.00 to $232.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Guggenheim raised their price objective on NextEra Energy from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. UBS Group raised their price objective on NextEra Energy from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $214.00 to $252.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Finally, Barclays downgraded NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 target price on the stock. in a research note on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $231.67.

NextEra Energy Company Profile

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.

Read More: Leveraged Buyout (LBO)

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).

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.