Fosun International Ltd purchased a new position in NextEra Energy Inc (NYSE:NEE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,070 shares of the utilities provider’s stock, valued at approximately $2,164,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Xact Kapitalforvaltning AB grew its holdings in NextEra Energy by 3.5% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 50,218 shares of the utilities provider’s stock worth $8,388,000 after acquiring an additional 1,699 shares during the last quarter. Fred Alger Management Inc. grew its holdings in NextEra Energy by 4,243.7% during the 2nd quarter. Fred Alger Management Inc. now owns 5,473 shares of the utilities provider’s stock worth $914,000 after acquiring an additional 5,347 shares during the last quarter. Cornerstone Wealth Management LLC grew its holdings in NextEra Energy by 16,614.8% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 379,593 shares of the utilities provider’s stock worth $2,246,000 after acquiring an additional 377,322 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in NextEra Energy by 67.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 7,773 shares of the utilities provider’s stock worth $796,000 after acquiring an additional 3,119 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. acquired a new position in NextEra Energy during the 2nd quarter valued at about $1,494,000. 75.88% of the stock is owned by institutional investors.

A number of research analysts have issued reports on NEE shares. Howard Weil started coverage on shares of NextEra Energy in a research report on Tuesday, July 24th. They set a “sector perform” rating on the stock. Scotiabank started coverage on shares of NextEra Energy in a research report on Tuesday, July 24th. They set a “hold” rating and a $70.00 target price on the stock. ValuEngine upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 target price on the stock in a research report on Wednesday, August 8th. Finally, Mizuho started coverage on shares of NextEra Energy in a research report on Monday, August 13th. They set a “buy” rating and a $184.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $175.00.

NextEra Energy stock opened at $182.01 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.57 and a current ratio of 0.65. NextEra Energy Inc has a 1 year low of $145.10 and a 1 year high of $182.07. The stock has a market cap of $86.22 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 2.77 and a beta of 0.13.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.03. The business had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.92 billion. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. NextEra Energy’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period last year, the company posted $1.85 EPS. On average, analysts forecast that NextEra Energy Inc will post 7.78 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be given a $1.11 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.44%. NextEra Energy’s dividend payout ratio is 66.27%.

In related news, Director James L. Robo sold 18,000 shares of the stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $170.69, for a total value of $3,072,420.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Armando Pimentel, Jr. sold 4,920 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $170.11, for a total transaction of $836,941.20. Following the completion of the sale, the chief executive officer now owns 59,969 shares in the company, valued at $10,201,326.59. The disclosure for this sale can be found here. Insiders sold a total of 68,210 shares of company stock worth $11,744,017 over the last quarter. 0.55% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & international copyright law. The correct version of this piece of content can be read at https://www.dailypolitical.com/2018/11/20/fosun-international-ltd-invests-2-16-million-in-nextera-energy-inc-nee.html.

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

Featured Story: Fundamental Analysis and Choosing Stocks

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).

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

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.