Whitnell & Co. Reduces Holdings in NextEra Energy Inc (NYSE:NEE)

Whitnell & Co. decreased its position in shares of NextEra Energy Inc (NYSE:NEE) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,557 shares of the utilities provider’s stock after selling 150 shares during the quarter. Whitnell & Co.’s holdings in NextEra Energy were worth $1,761,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of NextEra Energy by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 43,282,619 shares of the utilities provider’s stock valued at $8,866,878,000 after acquiring an additional 573,923 shares during the period. Bank of New York Mellon Corp grew its stake in NextEra Energy by 3.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,949,645 shares of the utilities provider’s stock worth $1,013,984,000 after acquiring an additional 155,904 shares during the period. California Public Employees Retirement System grew its stake in NextEra Energy by 9.3% in the 3rd quarter. California Public Employees Retirement System now owns 3,757,140 shares of the utilities provider’s stock worth $875,376,000 after acquiring an additional 319,918 shares during the period. UBS Asset Management Americas Inc. grew its stake in NextEra Energy by 41.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,524,371 shares of the utilities provider’s stock worth $517,143,000 after acquiring an additional 740,059 shares during the period. Finally, Bahl & Gaynor Inc. grew its stake in NextEra Energy by 21.6% in the 2nd quarter. Bahl & Gaynor Inc. now owns 2,412,212 shares of the utilities provider’s stock worth $494,166,000 after acquiring an additional 427,760 shares during the period. 74.53% of the stock is currently owned by institutional investors.

Several research firms have commented on NEE. Wells Fargo & Co lifted their target price on shares of NextEra Energy from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. ValuEngine lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. KeyCorp lifted their target price on shares of NextEra Energy from $231.00 to $242.00 and gave the company an “overweight” rating in a report on Monday, October 21st. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $214.00 to $252.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, Barclays lowered shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 target price on the stock. in a report on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $231.67.

Shares of NYSE:NEE traded down $1.01 during midday trading on Friday, hitting $222.08. 1,583,945 shares of the company’s stock traded hands, compared to its average volume of 1,974,897. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.47 and a current ratio of 0.58. The company has a market cap of $111.01 billion, a PE ratio of 28.84, a P/E/G ratio of 3.40 and a beta of 0.17. The firm’s fifty day moving average price is $231.32 and its two-hundred day moving average price is $213.40. NextEra Energy Inc has a twelve month low of $164.78 and a twelve month high of $239.89.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.12. NextEra Energy had a net margin of 16.92% and a return on equity of 10.59%. The business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the previous year, the business posted $2.18 EPS. The business’s quarterly revenue was up 26.1% on a year-over-year basis. As a group, equities research analysts anticipate that NextEra Energy Inc will post 8.36 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $1.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a yield of 2.25%. NextEra Energy’s dividend payout ratio is currently 64.94%.

In other news, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $231.32, for a total value of $370,112.00. Following the sale, the director now owns 16,237 shares in the company, valued at approximately $3,755,942.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO James L. Robo sold 44,537 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $216.85, for a total transaction of $9,657,848.45. The disclosure for this sale can be found here. Insiders sold a total of 97,576 shares of company stock worth $21,514,886 in the last quarter. 0.48% of the stock is currently owned by company insiders.

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, 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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