Keel Point LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,477 shares of the utilities provider’s stock after selling 25 shares during the period. Keel Point LLC’s holdings in NextEra Energy were worth $487,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its stake in NextEra Energy by 0.6% in the 2nd quarter. BlackRock Inc. now owns 38,051,440 shares of the utilities provider’s stock valued at $5,332,149,000 after buying an additional 217,972 shares during the last quarter. Vanguard Group Inc. increased its stake in NextEra Energy by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after buying an additional 1,503,907 shares during the last quarter. Wellington Management Group LLP increased its stake in NextEra Energy by 0.8% in the 1st quarter. Wellington Management Group LLP now owns 19,961,544 shares of the utilities provider’s stock valued at $2,562,463,000 after buying an additional 167,275 shares during the last quarter. FMR LLC increased its stake in NextEra Energy by 1.1% in the 2nd quarter. FMR LLC now owns 7,767,929 shares of the utilities provider’s stock valued at $1,088,520,000 after buying an additional 87,224 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in NextEra Energy by 7.9% in the 1st quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock valued at $586,925,000 after buying an additional 336,562 shares during the last quarter. Institutional investors own 75.23% of the company’s stock.
NextEra Energy, Inc. (NEE) opened at $157.36 on Thursday. The company has a market cap of $74,510.98, a P/E ratio of 23.75, a P/E/G ratio of 3.15 and a beta of 0.31. NextEra Energy, Inc. has a fifty-two week low of $112.63 and a fifty-two week high of $159.28. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a $0.9825 dividend. This represents a $3.93 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 44.16%.
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Several research firms have commented on NEE. Morgan Stanley increased their price objective on shares of NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. J P Morgan Chase & Co initiated coverage on shares of NextEra Energy in a research note on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price objective for the company. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. KeyCorp reissued a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a research report on Thursday, October 12th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $156.00 target price on shares of NextEra Energy in a research report on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $155.38.
In related news, EVP Joseph T. Kelliher sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles E. Sieving sold 30,485 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the completion of the transaction, the executive vice president now directly owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,385 shares of company stock valued at $9,748,482. 0.53% of the stock is owned by insiders.
NextEra Energy Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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