Gofen & Glossberg LLC IL Increases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Gofen & Glossberg LLC IL grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEEGet Rating) by 1.0% in the second quarter, Holdings Channel reports. The institutional investor owned 66,534 shares of the utilities provider’s stock after purchasing an additional 684 shares during the period. Gofen & Glossberg LLC IL’s holdings in NextEra Energy were worth $5,154,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NEE. Norges Bank purchased a new stake in shares of NextEra Energy in the 4th quarter valued at about $2,724,059,000. Vanguard Group Inc. lifted its holdings in shares of NextEra Energy by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 182,355,161 shares of the utilities provider’s stock valued at $15,447,306,000 after purchasing an additional 3,505,846 shares during the last quarter. 1832 Asset Management L.P. increased its position in NextEra Energy by 29.4% in the 4th quarter. 1832 Asset Management L.P. now owns 9,406,722 shares of the utilities provider’s stock valued at $881,233,000 after acquiring an additional 2,136,829 shares during the period. Alphinity Investment Management Pty Ltd increased its position in NextEra Energy by 1,709.8% in the 1st quarter. Alphinity Investment Management Pty Ltd now owns 2,225,009 shares of the utilities provider’s stock valued at $188,481,000 after acquiring an additional 2,102,067 shares during the period. Finally, Artemis Investment Management LLP acquired a new position in NextEra Energy in the 1st quarter valued at about $135,383,000. 76.89% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In other news, CEO John W. Ketchum acquired 12,909 shares of the company’s stock in a transaction dated Friday, July 1st. The stock was acquired at an average cost of $78.33 per share, for a total transaction of $1,011,161.97. Following the acquisition, the chief executive officer now directly owns 132,894 shares in the company, valued at approximately $10,409,587.02. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO John W. Ketchum purchased 12,909 shares of the stock in a transaction that occurred on Friday, July 1st. The stock was purchased at an average cost of $78.33 per share, for a total transaction of $1,011,161.97. Following the acquisition, the chief executive officer now owns 132,894 shares in the company, valued at $10,409,587.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ronald R. Reagan sold 9,307 shares of the stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $88.79, for a total value of $826,368.53. Following the completion of the sale, the executive vice president now owns 18,176 shares of the company’s stock, valued at $1,613,847.04. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NEE. Guggenheim boosted their price target on NextEra Energy from $91.00 to $108.00 and gave the company a “buy” rating in a research report on Monday, September 12th. Credit Suisse Group boosted their price target on NextEra Energy from $79.00 to $98.00 in a research report on Wednesday, September 14th. UBS Group dropped their price target on NextEra Energy to $109.00 in a research report on Tuesday, September 6th. Barclays dropped their price target on NextEra Energy from $90.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. Finally, Morgan Stanley dropped their target price on NextEra Energy from $99.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $97.30.

NextEra Energy Trading Down 0.5 %

Shares of NextEra Energy stock opened at $83.54 on Friday. NextEra Energy, Inc. has a fifty-two week low of $67.22 and a fifty-two week high of $93.73. The firm has a market cap of $164.14 billion, a PE ratio of 63.77, a P/E/G ratio of 3.01 and a beta of 0.46. The business’s fifty day moving average is $86.16 and its two-hundred day moving average is $80.75. The company has a quick ratio of 0.47, a current ratio of 0.53 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEEGet Rating) last issued its quarterly earnings results on Friday, July 22nd. The utilities provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.06. NextEra Energy had a return on equity of 11.97% and a net margin of 14.75%. The company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same quarter in the prior year, the company posted $0.71 EPS. The business’s revenue for the quarter was up 32.0% compared to the same quarter last year. Analysts anticipate that NextEra Energy, Inc. will post 2.89 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th were issued a dividend of $0.425 per share. The ex-dividend date was Monday, August 29th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.03%. NextEra Energy’s payout ratio is 129.77%.

NextEra Energy Company Profile

(Get Rating)

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

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