Westpac Banking Corp increased its holdings in NextEra Energy Inc (NYSE:NEE) by 0.5% during the third quarter, Holdings Channel reports. The fund owned 146,027 shares of the utilities provider’s stock after acquiring an additional 778 shares during the quarter. Westpac Banking Corp’s holdings in NextEra Energy were worth $24,474,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Advisors Ltd. LLC raised its holdings in shares of NextEra Energy by 323.5% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock worth $109,000 after acquiring an additional 495 shares during the last quarter. Private Ocean LLC increased its stake in NextEra Energy by 154.2% in the 3rd quarter. Private Ocean LLC now owns 778 shares of the utilities provider’s stock valued at $130,000 after buying an additional 472 shares during the last quarter. Braun Bostich & Associates Inc. increased its stake in NextEra Energy by 492.5% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock valued at $144,000 after buying an additional 719 shares during the last quarter. Howe & Rusling Inc. increased its stake in NextEra Energy by 70.5% in the 2nd quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock valued at $151,000 after buying an additional 373 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new stake in NextEra Energy in the 2nd quarter valued at about $167,000. Institutional investors own 75.88% of the company’s stock.
Shares of NEE stock opened at $177.33 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 0.72. NextEra Energy Inc has a 12-month low of $145.10 and a 12-month high of $183.65. The company has a market cap of $84.75 billion, a PE ratio of 26.47, a P/E/G ratio of 2.72 and a beta of 0.13.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be paid a dividend of $1.11 per share. The ex-dividend date is Thursday, November 29th. This represents a $4.44 annualized dividend and a dividend yield of 2.50%. NextEra Energy’s payout ratio is currently 66.27%.
In other news, 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 transaction of $836,941.20. Following the completion of the sale, the chief executive officer now owns 59,969 shares in the company, valued at approximately $10,201,326.59. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Charles E. Sieving sold 19,731 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $180.10, for a total transaction of $3,553,553.10. Following the sale, the executive vice president now owns 68,245 shares of the company’s stock, valued at approximately $12,290,924.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,941 shares of company stock valued at $12,375,100. 0.55% of the stock is currently owned by company insiders.
NEE has been the subject of several analyst reports. ValuEngine upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 price objective for the company in a research note on Wednesday, August 8th. Mizuho initiated coverage on shares of NextEra Energy in a research note on Monday, August 13th. They issued a “buy” rating and a $184.00 price objective for the company. Morgan Stanley increased their price objective on shares of NextEra Energy from $181.00 to $186.00 and gave the company a “buy” rating in a research note on Tuesday, September 11th. Finally, Wells Fargo & Co increased their price objective on shares of NextEra Energy from $180.00 to $191.00 and gave the company an “outperform” rating in a research note on Monday, September 17th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $175.00.
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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.
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