NextEra Energy Inc (NEE) Stake Lessened by Shell Asset Management Co.

Shell Asset Management Co. reduced its position in shares of NextEra Energy Inc (NYSE:NEE) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,646 shares of the utilities provider’s stock after selling 2,000 shares during the period. Shell Asset Management Co.’s holdings in NextEra Energy were worth $12,175,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC lifted its position in NextEra Energy by 16,614.8% in the second 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. Acadian Asset Management LLC lifted its position in NextEra Energy by 127.6% in the second quarter. Acadian Asset Management LLC now owns 3,509 shares of the utilities provider’s stock valued at $587,000 after acquiring an additional 1,967 shares during the last quarter. Kaizen Advisory LLC lifted its position in NextEra Energy by 131.5% in the second quarter. Kaizen Advisory LLC now owns 1,058 shares of the utilities provider’s stock valued at $177,000 after acquiring an additional 601 shares during the last quarter. Community Financial Services Group LLC lifted its position in NextEra Energy by 100.0% in the second quarter. Community Financial Services Group LLC now owns 4,000 shares of the utilities provider’s stock valued at $668,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. lifted its position in NextEra Energy by 21.8% in the second quarter. Pinnacle Financial Partners Inc. now owns 27,678 shares of the utilities provider’s stock valued at $4,623,000 after acquiring an additional 4,956 shares during the last quarter. 75.88% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on the stock. Barclays boosted their price target on shares of NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a research report on Monday, November 19th. Royal Bank of Canada boosted their price target on shares of NextEra Energy to $186.00 and gave the company an “outperform” rating in a research report on Thursday, November 1st. Argus boosted their price target on shares of NextEra Energy from $184.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, October 31st. Credit Suisse Group reduced their price target on shares of NextEra Energy from $185.00 to $173.00 and set an “outperform” rating for the company in a research report on Wednesday, October 24th. Finally, Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 price target for the company in a research report on Friday, October 12th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $175.00.

In related news, CEO Armando Pimentel, Jr. sold 4,920 shares of the firm’s stock in a transaction 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 directly owns 59,969 shares of the company’s stock, valued at approximately $10,201,326.59. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Charles E. Sieving sold 19,731 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were 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 directly owns 68,245 shares of the company’s stock, valued at $12,290,924.50. The disclosure for this sale can be found here. Insiders sold 70,941 shares of company stock valued at $12,375,100 in the last three months. Company insiders own 0.55% of the company’s stock.

Shares of NEE opened at $177.33 on Monday. 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 company has a market cap of $84.75 billion, a P/E ratio of 26.47, a PEG ratio of 2.72 and a beta of 0.13. NextEra Energy Inc has a 1 year low of $145.10 and a 1 year high of $183.65.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.15 by $0.03. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The company had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same quarter last year, the firm posted $1.85 earnings per share. NextEra Energy’s revenue was down 8.1% on a year-over-year basis. On average, equities analysts predict that NextEra Energy Inc will post 7.78 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be given a $1.11 dividend. This represents a $4.44 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Thursday, November 29th. NextEra Energy’s payout ratio is currently 66.27%.

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

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