British Columbia Investment Management Corp reduced its stake in NextEra Energy Inc. (NYSE:NEE) by 8.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 278,612 shares of the company’s stock after selling 24,823 shares during the period. British Columbia Investment Management Corp’s holdings in NextEra Energy were worth $34,080,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of NextEra Energy by 2.7% in the second quarter. Vanguard Group Inc. now owns 32,849,202 shares of the company’s stock worth $4,283,536,000 after buying an additional 853,186 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of NextEra Energy by 0.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 12,837,545 shares of the company’s stock worth $1,674,016,000 after buying an additional 58,746 shares during the period. BlackRock Fund Advisors raised its position in shares of NextEra Energy by 14.0% in the second quarter. BlackRock Fund Advisors now owns 10,147,387 shares of the company’s stock worth $1,323,219,000 after buying an additional 1,246,543 shares during the period. FMR LLC raised its position in shares of NextEra Energy by 1.5% in the second quarter. FMR LLC now owns 8,367,313 shares of the company’s stock worth $1,091,097,000 after buying an additional 127,277 shares during the period. Finally, BlackRock Group LTD raised its position in shares of NextEra Energy by 1.4% in the second quarter. BlackRock Group LTD now owns 4,847,367 shares of the company’s stock worth $632,097,000 after buying an additional 68,519 shares during the period. 72.99% of the stock is owned by hedge funds and other institutional investors.
Shares of NextEra Energy Inc. (NYSE:NEE) traded up 1.18% during mid-day trading on Friday, hitting $114.76. The stock had a trading volume of 1,152,326 shares. The stock has a market cap of $53.62 billion, a P/E ratio of 21.69 and a beta of 0.26. NextEra Energy Inc. has a one year low of $96.19 and a one year high of $131.98. The firm has a 50 day moving average of $121.01 and a 200-day moving average of $123.60.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Monday, October 31st. The company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.07. NextEra Energy had a return on equity of 11.90% and a net margin of 14.74%. The firm earned $4.81 billion during the quarter, compared to analysts’ expectations of $4.87 billion. During the same period last year, the business posted $1.60 earnings per share. Equities research analysts expect that NextEra Energy Inc. will post $6.21 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 25th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Tuesday, November 22nd. NextEra Energy’s payout ratio is 66.29%.
A number of equities research analysts have issued reports on the company. Mizuho restated a “buy” rating and set a $138.00 price target on shares of NextEra Energy in a research note on Tuesday, August 30th. Morgan Stanley restated a “buy” rating on shares of NextEra Energy in a research note on Monday, August 1st. Bank of America Corp. restated a “buy” rating and set a $149.00 price target on shares of NextEra Energy in a research note on Tuesday, September 27th. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Deutsche Bank AG downgraded NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price objective for the company. in a research note on Friday, September 23rd. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. NextEra Energy presently has a consensus rating of “Buy” and a consensus price target of $129.08.
In related news, CEO Armando Pimentel, Jr. sold 5,022 shares of NextEra Energy stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $123.70, for a total transaction of $621,221.40. Following the completion of the transaction, the chief executive officer now directly owns 72,165 shares in the company, valued at $8,926,810.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy B. Lane purchased 1,000 shares of NextEra Energy stock in a transaction that occurred on Wednesday, November 2nd. The shares were bought at an average price of $122.90 per share, with a total value of $122,900.00. The disclosure for this purchase can be found here. 0.66% of the stock is owned by insiders.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.