NextEra Energy Inc (NEE) Stake Raised by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. increased its holdings in NextEra Energy Inc (NYSE:NEE) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,013 shares of the utilities provider’s stock after purchasing an additional 4,883 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in NextEra Energy were worth $7,187,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Geode Capital Management LLC grew its position in shares of NextEra Energy by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 4,869,190 shares of the utilities provider’s stock valued at $758,889,000 after purchasing an additional 73,790 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in NextEra Energy by 6.5% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,968,016 shares of the utilities provider’s stock valued at $619,764,000 after acquiring an additional 243,649 shares during the period. Bank of New York Mellon Corp grew its position in NextEra Energy by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 3,907,505 shares of the utilities provider’s stock valued at $610,314,000 after acquiring an additional 41,226 shares during the period. Legal & General Group Plc grew its position in NextEra Energy by 2.8% during the third quarter. Legal & General Group Plc now owns 2,772,914 shares of the utilities provider’s stock valued at $406,375,000 after acquiring an additional 76,379 shares during the period. Finally, Alliancebernstein L.P. grew its position in NextEra Energy by 1.0% during the fourth quarter. Alliancebernstein L.P. now owns 2,664,040 shares of the utilities provider’s stock valued at $416,096,000 after acquiring an additional 26,147 shares during the period. 76.36% of the stock is owned by institutional investors and hedge funds.

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In other news, EVP Charles E. Sieving sold 2,844 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $154.67, for a total value of $439,881.48. Following the completion of the sale, the executive vice president now owns 48,966 shares of the company’s stock, valued at $7,573,571.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total value of $1,404,427.50. The disclosure for this sale can be found here. Insiders sold 62,245 shares of company stock valued at $9,783,623 in the last ninety days. Company insiders own 0.53% of the company’s stock.

Shares of NextEra Energy Inc (NEE) opened at $159.49 on Monday. NextEra Energy Inc has a 1 year low of $127.09 and a 1 year high of $164.25. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $75,086.94, a PE ratio of 14.00, a PEG ratio of 2.62 and a beta of 0.32.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the previous year, the company earned $1.21 EPS. NextEra Energy’s quarterly revenue was up 8.4% on a year-over-year basis. research analysts expect that NextEra Energy Inc will post 7.73 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th were given a $1.11 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Monday, February 26th. This represents a $4.44 annualized dividend and a dividend yield of 2.78%. NextEra Energy’s dividend payout ratio is presently 38.98%.

A number of equities research analysts have issued reports on NEE shares. Morgan Stanley lowered their price target on NextEra Energy from $170.00 to $168.00 and set an “overweight” rating for the company in a research report on Thursday, March 8th. Credit Suisse Group started coverage on NextEra Energy in a research report on Thursday, December 7th. They set an “outperform” rating and a $173.00 price target for the company. Zacks Investment Research raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. Guggenheim reissued a “buy” rating and set a $177.00 price target on shares of NextEra Energy in a research report on Wednesday, January 3rd. Finally, UBS started coverage on NextEra Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $177.00 price target for the company. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $163.13.

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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.

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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