Parsec Financial Management Inc. Sells 609 Shares of NextEra Energy, Inc. (NEE)

Parsec Financial Management Inc. lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 6.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,836 shares of the utilities provider’s stock after selling 609 shares during the period. Parsec Financial Management Inc.’s holdings in NextEra Energy were worth $1,295,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its stake in NextEra Energy by 0.6% during the second quarter. BlackRock Inc. now owns 38,051,440 shares of the utilities provider’s stock worth $5,332,149,000 after purchasing an additional 217,972 shares during the period. Vanguard Group Inc. grew its stake in NextEra Energy by 4.6% during the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock worth $4,785,120,000 after purchasing an additional 1,503,907 shares during the period. Wellington Management Group LLP grew its stake in NextEra Energy by 0.8% during the first quarter. Wellington Management Group LLP now owns 19,961,544 shares of the utilities provider’s stock worth $2,562,463,000 after purchasing an additional 167,275 shares during the period. FMR LLC grew its stake in NextEra Energy by 1.1% during the second quarter. FMR LLC now owns 7,767,929 shares of the utilities provider’s stock worth $1,088,520,000 after purchasing an additional 87,224 shares during the period. Finally, Geode Capital Management LLC grew its stake in NextEra Energy by 7.9% during the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock worth $586,925,000 after purchasing an additional 336,562 shares during the period. 74.55% of the stock is owned by institutional investors and hedge funds.

In other news, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Charles E. Sieving sold 30,485 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total value of $4,467,881.60. Following the completion of the transaction, the executive vice president now owns 78,167 shares in the company, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. Insiders sold 65,385 shares of company stock worth $9,748,482 in the last 90 days. Corporate insiders own 0.53% of the company’s stock.

Shares of NextEra Energy, Inc. (NYSE:NEE) traded up $0.85 during trading hours on Monday, reaching $156.03. The company’s stock had a trading volume of 636,100 shares, compared to its average volume of 1,678,919. The company has a market capitalization of $73,400.00, a price-to-earnings ratio of 23.39, a P/E/G ratio of 3.10 and a beta of 0.31. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 1-year low of $112.63 and a 1-year high of $159.28.

NextEra Energy (NYSE:NEE) last posted its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter last year, the company earned $1.74 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. equities research analysts expect that NextEra Energy, Inc. will post 6.73 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a $0.9825 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.52%. NextEra Energy’s dividend payout ratio is presently 44.16%.

Several equities research analysts recently commented on NEE shares. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 target price for the company in a research note on Tuesday, October 10th. KeyCorp reaffirmed a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a research note on Friday, September 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $156.00 target price on shares of NextEra Energy in a research note on Tuesday, November 7th. Finally, Bank of America Corporation began coverage on NextEra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. NextEra Energy presently has a consensus rating of “Buy” and an average target price of $155.38.

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NextEra Energy Company 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.

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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