NFJ Investment Group LLC Sells 179,578 Shares of NextEra Energy, Inc. (NYSE:NEE)

NFJ Investment Group LLC lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 13.1% in the third quarter, HoldingsChannel reports. The fund owned 1,193,132 shares of the utilities provider’s stock after selling 179,578 shares during the quarter. NextEra Energy makes up approximately 3.0% of NFJ Investment Group LLC’s holdings, making the stock its 2nd largest holding. NFJ Investment Group LLC’s holdings in NextEra Energy were worth $100,855,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in NextEra Energy by 8,641.5% during the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock worth $326,388,000 after buying an additional 3,817,037 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in NextEra Energy by 4,058.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock valued at $200,065,000 after purchasing an additional 2,309,876 shares during the period. Raymond James & Associates raised its position in NextEra Energy by 57.0% in the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after acquiring an additional 2,163,437 shares during the period. LGT Group Foundation raised its stake in NextEra Energy by 962.8% in the 2nd quarter. LGT Group Foundation now owns 1,514,482 shares of the utilities provider’s stock valued at $107,240,000 after acquiring an additional 1,371,982 shares during the period. Finally, Senator Investment Group LP boosted its holdings in NextEra Energy by 5,094.5% in the 2nd quarter. Senator Investment Group LP now owns 1,019,629 shares of the utilities provider’s stock valued at $72,200,000 after purchasing an additional 1,000,000 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 0.4 %

NYSE NEE traded down $0.32 during trading on Tuesday, hitting $76.75. 2,945,933 shares of the company’s stock traded hands, compared to its average volume of 10,870,839. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The stock has a fifty day moving average of $80.32 and a two-hundred day moving average of $77.85. The firm has a market cap of $157.83 billion, a P/E ratio of 22.80, a PEG ratio of 2.84 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 earnings per share. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued 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 2.68%. NextEra Energy’s dividend payout ratio is presently 60.95%.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price objective on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Bank of America lifted their price target on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Guggenheim upped their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Wells Fargo & Company lifted their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Finally, Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $86.85.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’s 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 transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

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.