Securian Asset Management Inc Grows Stake in NextEra Energy Inc (NYSE:NEE)
Securian Asset Management Inc grew its position in shares of NextEra Energy Inc (NYSE:NEE) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,506 shares of the utilities provider’s stock after purchasing an additional 481 shares during the period. Securian Asset Management Inc’s holdings in NextEra Energy were worth $10,347,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Comerica Securities Inc. lifted its position in shares of NextEra Energy by 98.4% during the 4th quarter. Comerica Securities Inc. now owns 3,628 shares of the utilities provider’s stock worth $631,000 after buying an additional 1,799 shares during the period. Dimensional Fund Advisors LP increased its holdings in NextEra Energy by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 892,125 shares of the utilities provider’s stock valued at $155,062,000 after purchasing an additional 26,810 shares in the last quarter. USS Investment Management Ltd acquired a new stake in NextEra Energy during the 1st quarter valued at $43,715,000. Virtu Financial LLC acquired a new stake in NextEra Energy during the 1st quarter valued at $356,000. Finally, Eqis Capital Management Inc. increased its holdings in NextEra Energy by 5.0% during the 1st quarter. Eqis Capital Management Inc. now owns 3,199 shares of the utilities provider’s stock valued at $618,000 after purchasing an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 76.24% of the company’s stock.
Shares of NYSE NEE traded up $0.74 during midday trading on Wednesday, hitting $219.87. The stock had a trading volume of 700,133 shares, compared to its average volume of 1,736,656. The company’s 50-day simple moving average is $211.27 and its 200 day simple moving average is $197.80. The firm has a market cap of $104.99 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 3.24 and a beta of 0.22. NextEra Energy Inc has a fifty-two week low of $164.25 and a fifty-two week high of $219.80. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.42.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 29th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $5.00 annualized dividend and a dividend yield of 2.27%. NextEra Energy’s dividend payout ratio (DPR) is currently 64.94%.
In other news, EVP Joseph T. Kelliher sold 5,741 shares of NextEra Energy stock in a transaction on Monday, June 17th. The stock was sold at an average price of $207.26, for a total value of $1,189,879.66. Following the completion of the sale, the executive vice president now directly owns 37,235 shares of the company’s stock, valued at approximately $7,717,326.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James L. Robo sold 44,537 shares of NextEra Energy stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $216.85, for a total value of $9,657,848.45. The disclosure for this sale can be found here. Insiders sold a total of 81,878 shares of company stock valued at $17,312,768 over the last three months. Insiders own 0.48% of the company’s stock.
A number of research firms recently weighed in on NEE. Barclays cut NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price target for the company. in a report on Tuesday, August 13th. UBS Group raised their price target on NextEra Energy from $225.00 to $236.00 and gave the company a “buy” rating in a report on Friday, June 7th. Wells Fargo & Co raised their price target on NextEra Energy from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Bank of America raised their price target on NextEra Energy from $215.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Finally, Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $214.38.
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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