Opus Capital Group LLC cut its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 11.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,031 shares of the utilities provider’s stock after selling 865 shares during the quarter. Opus Capital Group LLC’s holdings in NextEra Energy were worth $1,178,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. WINTON GROUP Ltd increased its position in shares of NextEra Energy by 41.4% during the second quarter. WINTON GROUP Ltd now owns 76,899 shares of the utilities provider’s stock valued at $12,844,000 after purchasing an additional 22,516 shares during the period. Hilltop Holdings Inc. increased its position in shares of NextEra Energy by 34.8% during the second quarter. Hilltop Holdings Inc. now owns 3,650 shares of the utilities provider’s stock valued at $610,000 after purchasing an additional 942 shares during the period. Moneta Group Investment Advisors LLC increased its position in shares of NextEra Energy by 5,091.9% during the second quarter. Moneta Group Investment Advisors LLC now owns 17,237 shares of the utilities provider’s stock valued at $1,465,000 after purchasing an additional 16,905 shares during the period. Busey Trust CO increased its position in shares of NextEra Energy by 6.8% during the third quarter. Busey Trust CO now owns 8,626 shares of the utilities provider’s stock valued at $1,445,000 after purchasing an additional 549 shares during the period. Finally, Greystone Managed Investments Inc. increased its position in shares of NextEra Energy by 10.5% during the second quarter. Greystone Managed Investments Inc. now owns 84,645 shares of the utilities provider’s stock valued at $14,138,000 after purchasing an additional 8,074 shares during the period. Institutional investors own 75.59% of the company’s stock.
Shares of NYSE:NEE opened at $178.49 on Tuesday. NextEra Energy Inc has a fifty-two week low of $145.10 and a fifty-two week high of $179.99. The firm has a market capitalization of $84.39 billion, a price-to-earnings ratio of 26.64, a P/E/G ratio of 2.72 and a beta of 0.13. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 0.72.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be given a $1.11 dividend. This represents a $4.44 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Thursday, November 29th. NextEra Energy’s dividend payout ratio (DPR) is 66.27%.
A number of analysts have recently issued reports on NEE shares. Wells Fargo & Co boosted their price objective on NextEra Energy from $180.00 to $191.00 and gave the company an “outperform” rating in a research report on Monday, September 17th. Morgan Stanley lowered their price objective on NextEra Energy from $186.00 to $184.00 and set a “buy” rating on the stock in a research report on Friday, September 21st. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Mizuho started coverage on NextEra Energy in a research report on Monday, August 13th. They set a “buy” rating and a $184.00 price objective on the stock. Finally, Credit Suisse Group lowered their price objective on NextEra Energy from $185.00 to $173.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 24th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. NextEra Energy has an average rating of “Buy” and an average target price of $174.62.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 4,920 shares of the company’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $170.11, for a total value of $836,941.20. Following the sale, the chief executive officer now directly owns 59,969 shares in the company, valued at $10,201,326.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer Paul I. Cutler sold 7,639 shares of the company’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $173.30, for a total value of $1,323,838.70. Following the completion of the sale, the treasurer now owns 98,914 shares in the company, valued at $17,141,796.20. The disclosure for this sale can be found here. Insiders sold 68,210 shares of company stock worth $11,744,017 over the last quarter. Company 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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