Successful Portfolios LLC Boosts Stake in NextEra Energy Inc (NYSE:NEE)

Successful Portfolios LLC raised its holdings in NextEra Energy Inc (NYSE:NEE) by 7.2% during the third quarter, Holdings Channel.com reports. The firm owned 3,486 shares of the utilities provider’s stock after purchasing an additional 235 shares during the period. Successful Portfolios LLC’s holdings in NextEra Energy were worth $812,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of NextEra Energy by 1.3% in the second quarter. Vanguard Group Inc. now owns 43,282,619 shares of the utilities provider’s stock valued at $8,866,878,000 after buying an additional 573,923 shares in the last quarter. Northern Trust Corp grew its stake in shares of NextEra Energy by 1.6% in the first quarter. Northern Trust Corp now owns 6,786,481 shares of the utilities provider’s stock valued at $1,311,963,000 after buying an additional 107,426 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of NextEra Energy by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 4,949,645 shares of the utilities provider’s stock valued at $1,013,984,000 after buying an additional 155,904 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of NextEra Energy by 19.1% in the second quarter. California Public Employees Retirement System now owns 3,437,222 shares of the utilities provider’s stock valued at $704,149,000 after buying an additional 550,956 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its stake in shares of NextEra Energy by 41.5% in the second quarter. UBS Asset Management Americas Inc. now owns 2,524,371 shares of the utilities provider’s stock valued at $517,143,000 after buying an additional 740,059 shares in the last quarter. Institutional investors own 76.09% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Barclays cut NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price objective for the company. in a research note on Tuesday, August 13th. Morgan Stanley set a $233.00 price objective on NextEra Energy and gave the company a “buy” rating in a research note on Friday, August 16th. ValuEngine cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co set a $240.00 price objective on NextEra Energy and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Credit Suisse Group boosted their target price on NextEra Energy from $231.00 to $232.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $219.85.

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 directly owns 16,237 shares of the company’s stock, valued at approximately $3,755,942.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James L. Robo sold 44,537 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $216.85, for a total value of $9,657,848.45. The disclosure for this sale can be found here. Insiders have sold a total of 97,576 shares of company stock valued at $21,514,886 over the last three months. 0.48% of the stock is currently owned by insiders.

NEE traded down $2.65 on Friday, hitting $229.35. 181,012 shares of the company were exchanged, compared to its average volume of 2,084,687. NextEra Energy Inc has a twelve month low of $164.78 and a twelve month high of $234.27. The company has a market cap of $110.18 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 3.43 and a beta of 0.18. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $224.84 and a two-hundred day moving average price of $207.46.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.07. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The firm had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the previous year, the firm posted $2.08 EPS. NextEra Energy’s revenue for the quarter was up 22.3% on a year-over-year basis. Equities analysts expect that NextEra Energy Inc will post 8.38 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 29th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $5.00 annualized dividend and a yield of 2.18%. NextEra Energy’s payout ratio is 64.94%.

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

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