Prudential Financial Inc. Has $147.75 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Prudential Financial Inc. cut its position in NextEra Energy, Inc. (NYSE:NEEGet Rating) by 8.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,931,245 shares of the utilities provider’s stock after selling 188,147 shares during the quarter. Prudential Financial Inc. owned 0.10% of NextEra Energy worth $147,751,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Duality Advisers LP bought a new position in NextEra Energy during the first quarter worth $355,000. United Bank lifted its stake in NextEra Energy by 9.8% in the first quarter. United Bank now owns 9,966 shares of the utilities provider’s stock valued at $844,000 after purchasing an additional 891 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of NextEra Energy by 18.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 246,717 shares of the utilities provider’s stock worth $20,899,000 after acquiring an additional 38,514 shares in the last quarter. Goelzer Investment Management Inc. purchased a new stake in shares of NextEra Energy during the first quarter worth $272,000. Finally, Western Wealth Management LLC lifted its position in shares of NextEra Energy by 131.7% during the first quarter. Western Wealth Management LLC now owns 43,214 shares of the utilities provider’s stock worth $3,661,000 after acquiring an additional 24,562 shares in the last quarter. 76.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 7,723 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $85.00, for a total value of $656,455.00. Following the completion of the sale, the executive vice president now owns 178,227 shares of the company’s stock, valued at approximately $15,149,295. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Charles E. Sieving sold 7,723 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $85.00, for a total value of $656,455.00. Following the completion of the sale, the executive vice president now owns 178,227 shares of the company’s stock, valued at approximately $15,149,295. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles E. Sieving sold 2,277 shares of the company’s stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $85.27, for a total transaction of $194,159.79. Following the completion of the sale, the executive vice president now directly owns 175,950 shares of the company’s stock, valued at approximately $15,003,256.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,215 shares of company stock valued at $1,904,360. Company insiders own 0.38% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $85.76 on Friday. The company has a market capitalization of $170.42 billion, a price-to-earnings ratio of 44.21, a PEG ratio of 3.06 and a beta of 0.48. NextEra Energy, Inc. has a 12 month low of $67.22 and a 12 month high of $93.73. The firm’s 50-day moving average is $79.67 and its 200 day moving average is $81.21. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 1.17.

NextEra Energy (NYSE:NEEGet Rating) last released its quarterly earnings data on Friday, October 28th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.06. The company had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $5.77 billion. NextEra Energy had a net margin of 19.30% and a return on equity of 12.27%. The firm’s quarterly revenue was up 53.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 EPS. Research analysts predict that NextEra Energy, Inc. will post 2.89 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 25th will be given a $0.425 dividend. The ex-dividend date is Wednesday, November 23rd. This represents a $1.70 annualized dividend and a dividend yield of 1.98%. NextEra Energy’s payout ratio is presently 87.63%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Credit Suisse Group upped their price target on shares of NextEra Energy to $89.00 in a report on Tuesday, November 1st. Wells Fargo & Company dropped their target price on shares of NextEra Energy from $115.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, October 19th. KeyCorp lowered their price objective on shares of NextEra Energy from $93.00 to $89.00 and set an “overweight” rating for the company in a report on Thursday, October 20th. BMO Capital Markets raised their target price on shares of NextEra Energy from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Monday, October 31st. Finally, Morgan Stanley raised their price target on shares of NextEra Energy from $94.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 11th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.90.

NextEra Energy Company Profile

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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.

See Also

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

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