Quadrant Capital Group LLC reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,045 shares of the utilities provider’s stock after selling 1,123 shares during the quarter. Quadrant Capital Group LLC’s holdings in NextEra Energy were worth $1,191,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of NextEra Energy by 97,599.1% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,317,196,332 shares of the utilities provider’s stock valued at $97,735,968,000 after purchasing an additional 1,315,848,115 shares during the last quarter. Geode Capital Management LLC increased its position in NextEra Energy by 2.2% during the 1st quarter. Geode Capital Management LLC now owns 35,233,291 shares of the utilities provider’s stock worth $2,708,599,000 after buying an additional 749,254 shares during the period. Norges Bank bought a new position in NextEra Energy during the 4th quarter worth $2,774,845,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of NextEra Energy by 66,613.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock worth $2,530,055,000 after buying an additional 30,218,452 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of NextEra Energy by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 19,626,941 shares of the utilities provider’s stock valued at $1,538,947,000 after acquiring an additional 315,356 shares during the period. Institutional investors own 76.48% of the company’s stock.
NextEra Energy Stock Up 1.0 %
Shares of NextEra Energy stock opened at $57.15 on Friday. The stock’s 50-day moving average is $58.35 and its 200 day moving average is $67.57. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $88.61. The firm has a market cap of $117.26 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 2.23 and a beta of 0.54. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.50 and a quick ratio of 0.43.
NextEra Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a $0.4675 dividend. This represents a $1.87 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is currently 49.47%.
Insider Buying and Selling at NextEra Energy
In other news, major shareholder Nextera Energy Inc purchased 3,097,524 shares of the business’s stock in a transaction on Friday, October 6th. The stock was purchased at an average cost of $24.21 per share, with a total value of $74,991,056.04. Following the acquisition, the insider now directly owns 4,097,524 shares in the company, valued at $99,201,056.04. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.38% of the company’s stock.
Analyst Upgrades and Downgrades
NEE has been the subject of a number of analyst reports. TheStreet downgraded shares of NextEra Energy from a “b-” rating to a “c+” rating in a research report on Monday, October 2nd. Royal Bank of Canada decreased their price target on NextEra Energy from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 6th. The Goldman Sachs Group reduced their price objective on shares of NextEra Energy from $83.00 to $72.00 and set a “buy” rating on the stock in a research note on Monday, October 2nd. Seaport Res Ptn cut shares of NextEra Energy from a “neutral” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, Scotiabank reduced their price target on shares of NextEra Energy from $105.00 to $96.00 in a research report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $74.31.
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, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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