Advisors Asset Management Inc. lowered its position in shares of NextEra Energy Inc (NYSE:NEE) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,050 shares of the utilities provider’s stock after selling 591 shares during the period. Advisors Asset Management Inc.’s holdings in NextEra Energy were worth $21,221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in shares of NextEra Energy by 12.2% during the second quarter. Bank of New York Mellon Corp now owns 4,180,979 shares of the utilities provider’s stock valued at $698,348,000 after acquiring an additional 455,401 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of NextEra Energy by 1.8% during the second quarter. Janus Henderson Group PLC now owns 3,016,711 shares of the utilities provider’s stock valued at $503,883,000 after acquiring an additional 53,173 shares in the last quarter. Legal & General Group Plc increased its position in shares of NextEra Energy by 2.1% during the second quarter. Legal & General Group Plc now owns 2,792,059 shares of the utilities provider’s stock valued at $466,332,000 after acquiring an additional 57,093 shares in the last quarter. Commonwealth Bank of Australia increased its position in shares of NextEra Energy by 3.0% during the second quarter. Commonwealth Bank of Australia now owns 2,284,434 shares of the utilities provider’s stock valued at $382,551,000 after acquiring an additional 66,180 shares in the last quarter. Finally, Standard Life Aberdeen plc increased its position in shares of NextEra Energy by 18.9% during the second quarter. Standard Life Aberdeen plc now owns 2,067,406 shares of the utilities provider’s stock valued at $345,352,000 after acquiring an additional 329,056 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Several brokerages recently weighed in on NEE. Barclays began coverage on shares of NextEra Energy in a research report on Tuesday, July 10th. They set an “equal weight” rating and a $182.00 price target for the company. ValuEngine raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Morgan Stanley raised their target price on shares of NextEra Energy from $181.00 to $186.00 and gave the stock a “buy” rating in a report on Tuesday, September 11th. Scotiabank started coverage on shares of NextEra Energy in a report on Tuesday, July 24th. They issued a “hold” rating and a $70.00 target price on the stock. Finally, Howard Weil started coverage on shares of NextEra Energy in a report on Tuesday, July 24th. They issued a “sector perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. NextEra Energy has a consensus rating of “Buy” and a consensus price target of $168.38.

In other news, CEO Eric E. Silagy sold 17,000 shares of NextEra Energy stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $171.91, for a total transaction of $2,922,470.00. Following the transaction, the chief executive officer now owns 42,898 shares in the company, valued at approximately $7,374,595.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Armando Pimentel, Jr. sold 10,734 shares of NextEra Energy stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $170.98, for a total transaction of $1,835,299.32. Following the transaction, the chief executive officer now owns 64,169 shares in the company, valued at approximately $10,971,615.62. The disclosure for this sale can be found here. Insiders sold 45,734 shares of company stock worth $7,830,189 in the last 90 days. 0.55% of the stock is currently owned by corporate insiders.

Shares of NEE stock opened at $173.65 on Monday. NextEra Energy Inc has a 12-month low of $144.70 and a 12-month high of $175.65. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.46 and a current ratio of 0.58. The company has a market capitalization of $81.35 billion, a P/E ratio of 25.92, a P/E/G ratio of 2.65 and a beta of 0.18.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 25th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.05. NextEra Energy had a net margin of 49.10% and a return on equity of 10.49%. The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.51 billion. During the same quarter last year, the company posted $1.86 earnings per share. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. equities analysts predict that NextEra Energy Inc will post 7.76 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Thursday, August 30th will be issued a $1.11 dividend. This represents a $4.44 annualized dividend and a yield of 2.56%. The ex-dividend date is Wednesday, August 29th. NextEra Energy’s dividend payout ratio is currently 66.27%.

NextEra Energy Company Profile

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 natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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

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