Millennium Management LLC grew its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 243.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,465,988 shares of the utilities provider’s stock after buying an additional 1,039,072 shares during the period. NextEra Energy accounts for about 0.3% of Millennium Management LLC’s investment portfolio, making the stock its 24th biggest holding. Millennium Management LLC’s holdings in NextEra Energy were worth $228,973,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in NEE. Achmea Investment Management B.V. raised its holdings in NextEra Energy by 61.5% during the third quarter. Achmea Investment Management B.V. now owns 52,613 shares of the utilities provider’s stock worth $7,708,000 after purchasing an additional 20,028 shares in the last quarter. AXA raised its holdings in NextEra Energy by 5.2% during the third quarter. AXA now owns 383,033 shares of the utilities provider’s stock worth $56,133,000 after purchasing an additional 19,060 shares in the last quarter. Colony Group LLC raised its holdings in NextEra Energy by 806.4% during the second quarter. Colony Group LLC now owns 15,517 shares of the utilities provider’s stock worth $2,174,000 after purchasing an additional 13,805 shares in the last quarter. South Dakota Investment Council bought a new stake in NextEra Energy during the third quarter worth approximately $2,535,000. Finally, Cookson Peirce & Co. Inc. bought a new stake in NextEra Energy during the second quarter worth approximately $9,809,000. 76.50% of the stock is currently owned by institutional investors.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 9,250 shares of NextEra Energy stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total transaction of $1,404,427.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Manoochehr K. Nazar sold 13,890 shares of NextEra Energy stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $155.64, for a total transaction of $2,161,839.60. Following the transaction, the insider now owns 142,429 shares in the company, valued at $22,167,649.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,984 shares of company stock worth $4,006,149. Corporate insiders own 0.53% of the company’s stock.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the previous year, the firm posted $1.21 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. equities research analysts forecast that NextEra Energy Inc will post 7.73 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be given a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a yield of 2.86%. 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. NextEra Energy’s payout ratio is presently 38.98%.
Several brokerages recently commented on NEE. Morgan Stanley dropped their target price on NextEra Energy from $170.00 to $168.00 and set an “overweight” rating on the stock in a report on Thursday, March 8th. ValuEngine raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. UBS Group initiated coverage on NextEra Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $177.00 price target on the stock. Finally, Guggenheim reaffirmed a “buy” rating and issued a $182.00 price target on shares of NextEra Energy in a report on Friday, January 26th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $161.75.
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.
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