American Century Companies Inc. lowered its stake in NextEra Energy Inc (NYSE:NEE) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,040 shares of the utilities provider’s stock after selling 5,690 shares during the period. American Century Companies Inc.’s holdings in NextEra Energy were worth $8,597,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in NEE. Janus Henderson Group PLC boosted its holdings in NextEra Energy by 2,832.8% in the second quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock valued at $252,287,000 after acquiring an additional 1,738,989 shares in the last quarter. Vanguard Group Inc. boosted its holdings in NextEra Energy by 4.6% in the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after acquiring an additional 1,503,907 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in NextEra Energy by 26.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock valued at $548,102,000 after acquiring an additional 777,351 shares in the last quarter. BT Investment Management Ltd bought a new stake in NextEra Energy in the second quarter valued at $96,214,000. Finally, Patten Group Inc. boosted its holdings in NextEra Energy by 7,613.6% in the third quarter. Patten Group Inc. now owns 686,048 shares of the utilities provider’s stock valued at $1,326,000 after acquiring an additional 677,154 shares in the last quarter. Institutional investors and hedge funds own 75.50% of the company’s stock.
Several analysts recently weighed in on the stock. Morgan Stanley cut their price target on shares of NextEra Energy from $172.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday, February 13th. UBS Group initiated coverage on shares of NextEra Energy in a report on Friday, February 2nd. They set a “buy” rating and a $177.00 target price on the stock. Guggenheim restated a “buy” rating and set a $182.00 target price on shares of NextEra Energy in a report on Friday, January 26th. Zacks Investment Research upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, January 18th. Finally, Credit Suisse Group initiated coverage on shares of NextEra Energy in a report on Thursday, December 7th. They set an “outperform” rating and a $173.00 target price on the stock. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $161.38.
Shares of NextEra Energy Inc (NYSE:NEE) opened at $156.05 on Tuesday. NextEra Energy Inc has a fifty-two week low of $125.96 and a fifty-two week high of $159.64. The company has a market cap of $73,410.00, a price-to-earnings ratio of 13.74, a PEG ratio of 2.58 and a beta of 0.28. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 1.07.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.18 billion. NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.21 EPS. sell-side analysts forecast that NextEra Energy Inc will post 7.68 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be paid a $1.11 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Monday, February 26th. This represents a $4.44 dividend on an annualized basis and a yield of 2.85%. NextEra Energy’s payout ratio is presently 34.60%.
WARNING: “NextEra Energy Inc (NEE) Position Trimmed by American Century Companies Inc.” was first posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://www.chaffeybreeze.com/2018/02/20/nextera-energy-inc-nee-position-trimmed-by-american-century-companies-inc.html.
NextEra Energy Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.