Robeco Institutional Asset Management B.V. Has $86,425,000 Position in NextEra Energy Inc. (NEE)
Robeco Institutional Asset Management B.V. increased its stake in shares of NextEra Energy Inc. (NYSE:NEE) by 9.3% during the second quarter, Holdings Channel reports. The fund owned 662,773 shares of the company’s stock after buying an additional 56,443 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.14% of NextEra Energy worth $86,425,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Shinko Asset Management Co. Ltd. raised its position in NextEra Energy by 370.5% in the second quarter. Shinko Asset Management Co. Ltd. now owns 39,559 shares of the company’s stock valued at $5,158,000 after buying an additional 31,152 shares during the last quarter. Paragon Capital Management LLC acquired a new stake in shares of NextEra Energy during the second quarter valued at about $610,000. Country Club Trust Company n.a. increased its stake in shares of NextEra Energy by 0.5% in the second quarter. Country Club Trust Company n.a. now owns 44,132 shares of the company’s stock valued at $5,755,000 after buying an additional 222 shares during the period. CIBC World Markets Inc. increased its stake in shares of NextEra Energy by 640.5% in the second quarter. CIBC World Markets Inc. now owns 27,887 shares of the company’s stock valued at $3,636,000 after buying an additional 24,121 shares during the period. Finally, LS Investment Advisors LLC increased its stake in shares of NextEra Energy by 7.3% in the second quarter. LS Investment Advisors LLC now owns 24,634 shares of the company’s stock valued at $3,212,000 after buying an additional 1,666 shares during the period. 74.51% of the stock is currently owned by hedge funds and other institutional investors.
NextEra Energy Inc. (NYSE:NEE) traded down 1.12% during mid-day trading on Friday, hitting $122.32. The stock had a trading volume of 3,063,794 shares. The firm’s 50-day moving average price is $124.28 and its 200-day moving average price is $122.60. The stock has a market cap of $56.51 billion, a PE ratio of 21.89 and a beta of 0.33. NextEra Energy Inc. has a 1-year low of $96.19 and a 1-year high of $131.98.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the prior year, the business earned $1.56 EPS. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, equities analysts expect that NextEra Energy Inc. will post $6.20 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, August 30th were paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Friday, August 26th. NextEra Energy’s dividend payout ratio (DPR) is currently 62.59%.
NEE has been the subject of several recent analyst reports. Argus restated a “buy” rating and issued a $134.00 price target (up from $128.00) on shares of NextEra Energy in a report on Tuesday, June 7th. Goldman Sachs Group Inc. restated a “conviction-buy” rating on shares of NextEra Energy in a report on Wednesday, June 8th. Morgan Stanley initiated coverage on NextEra Energy in a report on Wednesday, June 29th. They issued a “hold” rating and a $146.00 price target for the company. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Tuesday, July 5th. Finally, KeyCorp restated an “outperform” rating and issued a $134.00 price target (up from $126.00) on shares of NextEra Energy in a report on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$129.26.
In related news, VP Chris N. Froggatt sold 16,467 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of C$127.61, for a total transaction of C$2,101,353.87. Following the transaction, the vice president now directly owns 22,916 shares of the company’s stock, valued at approximately C$2,924,310.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.66% of the company’s stock.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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