Qube Research & Technologies Ltd Decreases Holdings in NextEra Energy Inc (NYSE:NEE)
Qube Research & Technologies Ltd lowered its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 54.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,390 shares of the utilities provider’s stock after selling 4,095 shares during the quarter. Qube Research & Technologies Ltd’s holdings in NextEra Energy were worth $566,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. American Century Companies Inc. lifted its stake in shares of NextEra Energy by 34.1% during the 1st quarter. American Century Companies Inc. now owns 73,792 shares of the utilities provider’s stock worth $12,052,000 after acquiring an additional 18,752 shares during the last quarter. Parsons Capital Management Inc. RI increased its holdings in NextEra Energy by 3.7% during the 1st quarter. Parsons Capital Management Inc. RI now owns 30,333 shares of the utilities provider’s stock worth $4,954,000 after purchasing an additional 1,090 shares during the period. Santa Barbara Asset Management LLC increased its holdings in NextEra Energy by 0.5% during the 1st quarter. Santa Barbara Asset Management LLC now owns 1,270,155 shares of the utilities provider’s stock worth $207,454,000 after purchasing an additional 5,832 shares during the period. Parallel Advisors LLC increased its holdings in NextEra Energy by 6.8% during the 1st quarter. Parallel Advisors LLC now owns 7,001 shares of the utilities provider’s stock worth $1,143,000 after purchasing an additional 447 shares during the period. Finally, Cornerstone Capital Inc. purchased a new position in NextEra Energy during the 1st quarter worth $205,000. Hedge funds and other institutional investors own 76.27% of the company’s stock.
Several research analysts have commented on NEE shares. Morgan Stanley reduced their price objective on NextEra Energy from $186.00 to $184.00 and set a “buy” rating on the stock in a report on Friday, September 21st. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 price objective on the stock in a report on Wednesday, August 8th. ValuEngine upgraded NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Mizuho initiated coverage on NextEra Energy in a research report on Monday, August 13th. They issued a “buy” rating and a $184.00 price objective for the company. Finally, Barclays initiated coverage on NextEra Energy in a research report on Tuesday, July 10th. They issued an “equal weight” rating and a $182.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. NextEra Energy has an average rating of “Buy” and an average target price of $169.86.
Shares of NextEra Energy stock opened at $172.37 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.58 and a debt-to-equity ratio of 0.78. NextEra Energy Inc has a twelve month low of $145.10 and a twelve month high of $175.65. The stock has a market capitalization of $79.04 billion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 2.58 and a beta of 0.20.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 25th. The utilities provider reported $2.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.05. NextEra Energy had a return on equity of 10.49% and a net margin of 49.10%. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.51 billion. During the same quarter in the previous year, the business earned $1.86 EPS. NextEra Energy’s revenue for the quarter was down 7.6% compared to the same quarter last year. Analysts forecast that NextEra Energy Inc will post 7.76 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 17th. Investors of record on Thursday, August 30th were issued a $1.11 dividend. This represents a $4.44 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Wednesday, August 29th. NextEra Energy’s dividend payout ratio is presently 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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