NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 15.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 50,992 shares of the utilities provider’s stock after buying an additional 6,938 shares during the period. Vinva Investment Management Ltd’s holdings in NextEra Energy were worth $4,311,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Border to Coast Pensions Partnership Ltd lifted its stake in NextEra Energy by 2.2% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock worth $102,495,000 after acquiring an additional 26,270 shares in the last quarter. Swiss National Bank increased its holdings in NextEra Energy by 0.4% during the 3rd quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock worth $515,481,000 after purchasing an additional 21,400 shares during the period. Dillon & Associates Inc. increased its holdings in NextEra Energy by 16.0% during the 3rd quarter. Dillon & Associates Inc. now owns 59,320 shares of the utilities provider’s stock worth $5,042,000 after purchasing an additional 8,184 shares during the period. Magnolia Capital Advisors LLC increased its holdings in NextEra Energy by 1,224.3% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock worth $5,130,000 after purchasing an additional 66,982 shares during the period. Finally, Raymond James & Associates increased its holdings in NextEra Energy by 57.0% during the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after purchasing an additional 2,163,437 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

NextEra Energy Trading Up 1.3 %

NYSE:NEE opened at $78.52 on Friday. The stock’s 50 day moving average price is $80.40 and its 200 day moving average price is $77.80. The company has a market capitalization of $161.47 billion, a PE ratio of 23.23, a P/E/G ratio of 2.84 and a beta of 0.57. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.62%. NextEra Energy’s payout ratio is 60.95%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NEE. Morgan Stanley cut their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Jefferies Financial Group started coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price target on the stock. Wells Fargo & Company increased their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. increased their price objective on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Barclays increased their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $86.85.

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,natural gas, and other clean energy. 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.