Banco Santander S.A. trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,124 shares of the utilities provider’s stock after selling 1,246 shares during the period. Banco Santander S.A.’s holdings in NextEra Energy were worth $4,320,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of NEE. FWL Investment Management LLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth $2,958,000. Eagle Capital Management LLC raised its holdings in shares of NextEra Energy by 307.6% during the fourth quarter. Eagle Capital Management LLC now owns 46,937 shares of the utilities provider’s stock worth $3,621,000 after purchasing an additional 35,421 shares during the period. Centaurus Financial Inc. raised its holdings in shares of NextEra Energy by 553.7% during the fourth quarter. Centaurus Financial Inc. now owns 13,258 shares of the utilities provider’s stock worth $1,023,000 after purchasing an additional 11,230 shares during the period. Csenge Advisory Group raised its holdings in shares of NextEra Energy by 229.4% during the fourth quarter. Csenge Advisory Group now owns 14,220 shares of the utilities provider’s stock worth $1,097,000 after purchasing an additional 9,903 shares during the period. Finally, PFG Advisors raised its holdings in shares of NextEra Energy by 324.9% during the fourth quarter. PFG Advisors now owns 12,296 shares of the utilities provider’s stock worth $949,000 after purchasing an additional 9,402 shares during the period. 75.02% of the stock is currently owned by institutional investors.
A number of research firms recently weighed in on NEE. Morgan Stanley increased their price objective on shares of NextEra Energy from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday. Credit Suisse Group raised shares of NextEra Energy from a “neutral” rating to an “outperform” rating and dropped their price objective for the stock from $87.00 to $85.00 in a report on Monday, March 15th. Barclays dropped their price objective on shares of NextEra Energy from $82.00 to $78.00 and set an “equal weight” rating on the stock in a report on Tuesday. Wells Fargo & Company increased their price objective on shares of NextEra Energy from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 27th. Finally, Sanford C. Bernstein began coverage on shares of NextEra Energy in a report on Tuesday, March 9th. They issued an “outperform” rating and a $88.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. NextEra Energy has an average rating of “Buy” and an average target price of $78.77.
Shares of NEE opened at $73.47 on Thursday. The firm’s 50 day moving average is $76.34 and its 200-day moving average is $76.79. The stock has a market capitalization of $144.11 billion, a P/E ratio of 34.78, a P/E/G ratio of 3.79 and a beta of 0.16. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.52 and a quick ratio of 0.42. NextEra Energy, Inc. has a 12-month low of $58.44 and a 12-month high of $87.69.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 20th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.08. The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $5.01 billion. NextEra Energy had a net margin of 24.34% and a return on equity of 10.81%. The business’s revenue was down 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 2.51 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Wednesday, June 2nd will be paid a $0.385 dividend. The ex-dividend date is Tuesday, June 1st. This represents a $1.54 annualized dividend and a dividend yield of 2.10%. NextEra Energy’s dividend payout ratio is currently 66.67%.
In other news, CAO James Michael May sold 6,031 shares of NextEra Energy stock in a transaction that occurred on Wednesday, March 17th. The shares were sold at an average price of $75.00, for a total value of $452,325.00. Following the transaction, the chief accounting officer now directly owns 12,508 shares of the company’s stock, valued at $938,100. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Deborah H. Caplan sold 39,636 shares of NextEra Energy stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $75.17, for a total transaction of $2,979,438.12. Following the completion of the transaction, the executive vice president now directly owns 137,027 shares in the company, valued at $10,300,319.59. The disclosure for this sale can be found here. Insiders sold a total of 350,416 shares of company stock worth $26,384,747 in the last ninety days. Corporate insiders own 0.38% of the company’s stock.
About NextEra Energy
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, and fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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