RWC Asset Management LLP Acquires 102,745 Shares of NextEra Energy, Inc. $NEE

RWC Asset Management LLP grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 27.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 481,798 shares of the utilities provider’s stock after purchasing an additional 102,745 shares during the period. NextEra Energy makes up about 1.8% of RWC Asset Management LLP’s holdings, making the stock its 14th biggest position. RWC Asset Management LLP’s holdings in NextEra Energy were worth $36,371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of NEE. Brighton Jones LLC lifted its holdings in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after buying an additional 298 shares during the period. Intech Investment Management LLC lifted its holdings in shares of NextEra Energy by 10.2% in the first quarter. Intech Investment Management LLC now owns 40,392 shares of the utilities provider’s stock worth $2,863,000 after buying an additional 3,738 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of NextEra Energy by 38.4% in the first quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock valued at $887,000 after acquiring an additional 3,479 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in NextEra Energy by 30.5% during the first quarter. Jones Financial Companies Lllp now owns 675,963 shares of the utilities provider’s stock valued at $47,682,000 after acquiring an additional 158,037 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Activity at NextEra Energy

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the transaction, the chief executive officer owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. This trade represents a 47.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on NEE shares. Jefferies Financial Group reiterated a “hold” rating and issued a $88.00 target price (up from $85.00) on shares of NextEra Energy in a research note on Wednesday, December 31st. Argus set a $90.00 price objective on NextEra Energy in a research report on Wednesday, October 29th. Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. HSBC boosted their target price on NextEra Energy from $94.00 to $95.00 in a research report on Monday, November 10th. Finally, Morgan Stanley dropped their price target on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, November 20th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.72.

NextEra Energy Trading Up 1.5%

Shares of NEE stock opened at $81.11 on Tuesday. The business has a 50-day moving average price of $82.32 and a two-hundred day moving average price of $77.97. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. The firm has a market cap of $168.92 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 2.48 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The company had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.NextEra Energy’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $1.03 EPS. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 21st were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, November 21st. NextEra Energy’s payout ratio is presently 72.29%.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.