Shell Asset Management Co. lifted its stake in NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 1.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 141,874 shares of the utilities provider’s stock after purchasing an additional 2,383 shares during the quarter. Shell Asset Management Co.’s holdings in NextEra Energy were worth $13,245,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in NEE. Geode Capital Management LLC lifted its stake in NextEra Energy by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 31,125,867 shares of the utilities provider’s stock worth $2,436,678,000 after acquiring an additional 644,322 shares in the last quarter. California Public Employees Retirement System boosted its position in NextEra Energy by 0.9% during the 3rd quarter. California Public Employees Retirement System now owns 15,144,295 shares of the utilities provider’s stock worth $1,189,130,000 after acquiring an additional 135,167 shares during the period. Fisher Asset Management LLC boosted its position in NextEra Energy by 3.3% during the 4th quarter. Fisher Asset Management LLC now owns 15,077,243 shares of the utilities provider’s stock worth $1,407,611,000 after acquiring an additional 484,081 shares during the period. UBS Asset Management Americas Inc. boosted its position in NextEra Energy by 18.0% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 14,252,869 shares of the utilities provider’s stock worth $1,119,135,000 after acquiring an additional 2,177,066 shares during the period. Finally, Alliancebernstein L.P. boosted its position in NextEra Energy by 2.8% during the 3rd quarter. Alliancebernstein L.P. now owns 12,037,315 shares of the utilities provider’s stock worth $945,170,000 after acquiring an additional 327,816 shares during the period. Institutional investors and hedge funds own 75.89% of the company’s stock.
In other NextEra Energy news, CEO James L. Robo bought 64,691 shares of the stock in a transaction on Monday, January 31st. The shares were purchased at an average price of $77.26 per share, with a total value of $4,998,026.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.38% of the company’s stock.
Shares of NEE stock traded down $2.47 during trading on Friday, reaching $71.02. The company had a trading volume of 14,912,851 shares, compared to its average volume of 8,767,864. The firm’s 50 day simple moving average is $80.75 and its two-hundred day simple moving average is $83.19. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.49 and a quick ratio of 0.42. NextEra Energy, Inc. has a one year low of $69.79 and a one year high of $93.73. The company has a market capitalization of $139.52 billion, a PE ratio of 95.97, a PEG ratio of 2.96 and a beta of 0.38.
NextEra Energy (NYSE:NEE – Get Rating) last released its earnings results on Thursday, April 21st. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03. NextEra Energy had a return on equity of 11.49% and a net margin of 8.97%. During the same period last year, the company posted $0.67 EPS. Analysts forecast that NextEra Energy, Inc. will post 2.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Tuesday, March 1st were issued a $0.425 dividend. The ex-dividend date was Monday, February 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.39%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.39. NextEra Energy’s dividend payout ratio (DPR) is 229.73%.
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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