Driehaus Capital Management LLC continued to hold its position in NextEra Energy, Inc. (NYSE:NEE) during the first quarter, Holdings Channel reports. The institutional investor owned 10,520 shares of the utilities provider’s stock at the end of the first quarter. Driehaus Capital Management LLC’s holdings in NextEra Energy were worth $1,350,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in NEE. BlackRock Inc. boosted its position in NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock valued at $4,856,682,000 after buying an additional 36,747,599 shares during the last quarter. APG Asset Management N.V. boosted its position in NextEra Energy by 75.0% in the first quarter. APG Asset Management N.V. now owns 1,971,565 shares of the utilities provider’s stock valued at $253,090,000 after buying an additional 844,862 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in NextEra Energy by 7,771.4% in the first quarter. Canada Pension Plan Investment Board now owns 399,000 shares of the utilities provider’s stock valued at $51,220,000 after buying an additional 393,931 shares during the last quarter. Swiss National Bank boosted its position in NextEra Energy by 26.1% in the first quarter. Swiss National Bank now owns 1,851,224 shares of the utilities provider’s stock valued at $237,642,000 after buying an additional 382,800 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in NextEra Energy by 7.9% in the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock valued at $586,925,000 after buying an additional 336,562 shares during the last quarter. Institutional investors own 76.72% of the company’s stock.

Shares of NextEra Energy, Inc. (NYSE:NEE) traded down 0.37% during midday trading on Friday, hitting $147.18. The stock had a trading volume of 1,271,479 shares. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $148.30. The firm has a 50 day moving average of $143.37 and a 200-day moving average of $135.07. The company has a market cap of $69.06 billion, a P/E ratio of 16.86 and a beta of 0.32.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, beating the Zacks’ consensus estimate of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the business earned $1.67 earnings per share. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, analysts forecast that NextEra Energy, Inc. will post $6.72 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a dividend of $0.9825 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.67%. NextEra Energy’s dividend payout ratio is presently 45.02%.

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Several equities analysts have issued reports on NEE shares. Royal Bank Of Canada reiterated a “buy” rating and set a $144.00 target price on shares of NextEra Energy in a research report on Tuesday, May 2nd. Morgan Stanley boosted their target price on NextEra Energy from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, May 8th. Barclays PLC reiterated an “overweight” rating and set a $150.00 target price (up previously from $139.00) on shares of NextEra Energy in a research report on Sunday, April 23rd. Goldman Sachs Group, Inc. (The) started coverage on NextEra Energy in a research report on Monday, July 24th. They set a “buy” rating and a $160.00 target price on the stock. Finally, BMO Capital Markets reiterated a “buy” rating and set a $156.00 target price (up previously from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. NextEra Energy presently has a consensus rating of “Buy” and an average price target of $148.64.

In related news, Director Eric E. Silagy sold 8,111 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the transaction, the director now owns 26,884 shares in the company, valued at $3,779,352.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total transaction of $4,411,500.00. The disclosure for this sale can be found here. Insiders have sold 90,431 shares of company stock worth $12,692,378 in the last quarter. Company insiders own 0.53% of the company’s stock.

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

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