BlackRock Inc. raised its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,765,396 shares of the utilities provider’s stock after acquiring an additional 692,998 shares during the quarter. BlackRock Inc. owned approximately 0.08% of NextEra Energy worth $6,161,880,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Capital Advisors Ltd. LLC raised its holdings in NextEra Energy by 323.5% during the third quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 495 shares during the period. Private Ocean LLC raised its holdings in NextEra Energy by 154.2% during the third quarter. Private Ocean LLC now owns 778 shares of the utilities provider’s stock valued at $130,000 after acquiring an additional 472 shares during the period. Braun Bostich & Associates Inc. raised its holdings in NextEra Energy by 492.5% during the second quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock valued at $144,000 after acquiring an additional 719 shares during the period. Howe & Rusling Inc. raised its holdings in NextEra Energy by 70.5% during the second quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock valued at $151,000 after acquiring an additional 373 shares during the period. Finally, Marshall & Sullivan Inc. WA bought a new stake in NextEra Energy during the second quarter valued at about $167,000. 75.88% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on NEE. Argus lifted their target price on NextEra Energy from $184.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, October 31st. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 target price on the stock in a report on Friday, October 12th. Barclays lifted their target price on NextEra Energy from $182.00 to $187.00 and gave the stock a “hold” rating in a report on Monday. Royal Bank of Canada lifted their target price on NextEra Energy to $186.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Finally, Wells Fargo & Co lifted their target price on NextEra Energy from $191.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, October 10th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. NextEra Energy currently has a consensus rating of “Buy” and a consensus target price of $175.00.

In related news, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $167.00, for a total value of $267,200.00. Following the completion of the transaction, the director now owns 21,300 shares in the company, valued at $3,557,100. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 19,731 shares of NextEra Energy stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $180.10, for a total value of $3,553,553.10. Following the completion of the transaction, the executive vice president now owns 68,245 shares of the company’s stock, valued at approximately $12,290,924.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,941 shares of company stock valued at $12,375,100. 0.55% of the stock is currently owned by company insiders.

Shares of NEE stock opened at $176.18 on Thursday. NextEra Energy Inc has a 12-month low of $145.10 and a 12-month high of $183.65. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $86.99 billion, a PE ratio of 26.30, a PEG ratio of 2.79 and a beta of 0.13.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.03. NextEra Energy had a return on equity of 10.21% and a net margin of 51.25%. The firm had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same period in the previous year, the firm posted $1.85 earnings per share. The business’s revenue was down 8.1% compared to the same quarter last year. As a group, analysts predict that NextEra Energy Inc will post 7.78 EPS for the current year.

The business 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 annualized dividend and a yield of 2.52%. NextEra Energy’s dividend payout ratio is currently 66.27%.

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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.

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

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