6,301 NextEra Energy, Inc. $NEE Shares Sold by TrinityBridge Ltd

TrinityBridge Ltd trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 24.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,185 shares of the utilities provider’s stock after selling 6,301 shares during the period. TrinityBridge Ltd’s holdings in NextEra Energy were worth $1,453,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Legal & General Group Plc bought a new position in NextEra Energy in the 2nd quarter worth approximately $1,465,987,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in NextEra Energy by 5.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,302,084 shares of the utilities provider’s stock worth $1,430,834,000 after buying an additional 895,824 shares in the last quarter. Amundi boosted its position in NextEra Energy by 46.5% in the 2nd quarter. Amundi now owns 13,329,077 shares of the utilities provider’s stock valued at $1,169,839,000 after buying an additional 4,231,814 shares during the last quarter. Bessemer Group Inc. boosted its position in NextEra Energy by 8.5% in the 1st quarter. Bessemer Group Inc. now owns 10,187,013 shares of the utilities provider’s stock valued at $946,169,000 after buying an additional 799,546 shares during the last quarter. Finally, GQG Partners LLC bought a new position in NextEra Energy in the 2nd quarter valued at $651,293,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Price Performance

NEE opened at $84.17 on Wednesday. The company has a fifty day moving average price of $80.27 and a two-hundred day moving average price of $87.20. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.45 and a current ratio of 0.53. NextEra Energy, Inc. has a 52 week low of $74.41 and a 52 week high of $98.75. The firm has a market capitalization of $176.54 billion, a PE ratio of 15.17, a P/E/G ratio of 2.63 and a beta of 0.60.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 21st. The utilities provider reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. The company had revenue of $8.09 billion during the quarter, compared to analysts’ expectations of $8.47 billion. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 EPS. As a group, analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 27th will be paid a $0.6232 dividend. The ex-dividend date of this dividend is Friday, November 27th. This represents a $2.49 annualized dividend and a yield of 3.0%. NextEra Energy’s dividend payout ratio is presently 44.86%.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of recent research reports. Barclays dropped their target price on NextEra Energy from $84.00 to $79.00 and set an “equal weight” rating for the company in a research report on Friday, October 23rd. HSBC set a $103.00 price target on NextEra Energy in a research note on Thursday, October 22nd. Scotiabank decreased their price target on NextEra Energy from $110.00 to $99.00 and set an “outperform” rating on the stock in a report on Wednesday, September 30th. Weiss Ratings upgraded NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 22nd. Finally, Seaport Research Partners reissued a “sell” rating and set a $56.00 price objective (up from $55.00) on shares of NextEra Energy in a report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $97.80.

NextEra Energy Company Profile

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy’s principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.