Fifth Third Bancorp Has $73.32 Million Position in NextEra Energy Inc (NEE)

Fifth Third Bancorp decreased its holdings in NextEra Energy Inc (NYSE:NEE) by 0.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 437,488 shares of the utilities provider’s stock after selling 409 shares during the quarter. Fifth Third Bancorp’s holdings in NextEra Energy were worth $73,323,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. grew its stake in shares of NextEra Energy by 1.9% in the third quarter. BlackRock Inc. now owns 36,765,396 shares of the utilities provider’s stock worth $6,161,880,000 after purchasing an additional 692,998 shares during the last quarter. Northern Trust Corp grew its stake in shares of NextEra Energy by 1.0% in the second quarter. Northern Trust Corp now owns 6,633,362 shares of the utilities provider’s stock worth $1,107,970,000 after purchasing an additional 64,609 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of NextEra Energy by 4.9% in the third quarter. Bank of New York Mellon Corp now owns 4,385,859 shares of the utilities provider’s stock worth $735,070,000 after purchasing an additional 204,880 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of NextEra Energy by 1.8% in the second quarter. Janus Henderson Group PLC now owns 3,016,711 shares of the utilities provider’s stock worth $503,883,000 after purchasing an additional 53,173 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of NextEra Energy by 2.1% in the second quarter. Legal & General Group Plc now owns 2,792,059 shares of the utilities provider’s stock worth $466,332,000 after purchasing an additional 57,093 shares during the last quarter. 76.28% of the stock is currently owned by institutional investors.

In other news, EVP Joseph T. Kelliher sold 8,035 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $173.30, for a total transaction of $1,392,465.50. Following the transaction, the executive vice president now owns 36,637 shares in the company, valued at $6,349,192.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles E. Sieving sold 19,731 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 68,245 shares in the company, valued at approximately $12,290,924.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,941 shares of company stock worth $9,302,680. 0.55% of the stock is owned by company insiders.

Several analysts recently weighed in on NEE shares. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Mizuho started 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 on the stock. Morgan Stanley boosted their price objective on shares of NextEra Energy from $181.00 to $186.00 and gave the stock a “buy” rating in a research note on Tuesday, September 11th. Wells Fargo & Co boosted their price objective on shares of NextEra Energy from $180.00 to $191.00 and gave the stock an “outperform” rating in a research note on Monday, September 17th. Finally, Credit Suisse Group dropped their target price on shares of NextEra Energy from $185.00 to $173.00 and set an “outperform” rating on the stock in a report on Wednesday, October 24th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $175.00.

NEE stock opened at $182.66 on Friday. The firm has a market capitalization of $87.07 billion, a P/E ratio of 24.35, a PEG ratio of 2.80 and a beta of 0.14. The company has a current ratio of 0.65, a quick ratio of 0.57 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 $184.17.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.03. The business had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.92 billion. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. NextEra Energy’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.85 earnings per share. Equities analysts anticipate that NextEra Energy Inc will post 7.78 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be issued a $1.11 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $4.44 annualized dividend and a yield of 2.43%. NextEra Energy’s payout ratio is 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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