IBM Retirement Fund Decreases Stock Position in NextEra Energy Inc (NYSE:NEE)
IBM Retirement Fund reduced its position in NextEra Energy Inc (NYSE:NEE) by 1.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,457 shares of the utilities provider’s stock after selling 115 shares during the quarter. IBM Retirement Fund’s holdings in NextEra Energy were worth $2,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of NextEra Energy in the fourth quarter valued at $1,651,472,000. Bessemer Group Inc. lifted its stake in NextEra Energy by 10,443.2% during the first quarter. Bessemer Group Inc. now owns 644,191 shares of the utilities provider’s stock worth $155,005,000 after purchasing an additional 638,081 shares during the last quarter. APG Asset Management N.V. lifted its stake in NextEra Energy by 24.6% during the first quarter. APG Asset Management N.V. now owns 2,590,238 shares of the utilities provider’s stock worth $623,263,000 after purchasing an additional 512,077 shares during the last quarter. Alliancebernstein L.P. lifted its stake in NextEra Energy by 19.7% during the first quarter. Alliancebernstein L.P. now owns 2,724,655 shares of the utilities provider’s stock worth $655,606,000 after purchasing an additional 448,004 shares during the last quarter. Finally, Cullen Capital Management LLC lifted its stake in NextEra Energy by 140.1% during the first quarter. Cullen Capital Management LLC now owns 751,239 shares of the utilities provider’s stock worth $180,763,000 after purchasing an additional 438,369 shares during the last quarter. 77.08% of the stock is owned by institutional investors and hedge funds.
NYSE:NEE traded up $6.55 during mid-day trading on Wednesday, reaching $253.27. 2,377,856 shares of the company’s stock traded hands, compared to its average volume of 1,896,444. NextEra Energy Inc has a 12-month low of $174.80 and a 12-month high of $283.35. The firm has a market capitalization of $121.36 billion, a price-to-earnings ratio of 35.08, a PEG ratio of 3.46 and a beta of 0.21. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.71 and a quick ratio of 0.61. The company has a 50 day moving average price of $245.46 and a 200-day moving average price of $245.35.
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Tuesday, June 2nd were issued a dividend of $1.40 per share. The ex-dividend date was Monday, June 1st. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.21%. NextEra Energy’s dividend payout ratio (DPR) is 66.91%.
In other news, CEO Eric E. Silagy sold 7,389 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $236.13, for a total value of $1,744,764.57. Following the sale, the chief executive officer now directly owns 42,556 shares of the company’s stock, valued at approximately $10,048,748.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO James L. Robo sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $248.02, for a total value of $4,960,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 98,357 shares of company stock worth $22,818,449 in the last quarter. Company insiders own 0.40% of the company’s stock.
Several equities research analysts have issued reports on the company. UBS Group dropped their price target on NextEra Energy from $296.00 to $290.00 and set a “buy” rating for the company in a research note on Monday, June 22nd. Barclays lowered their target price on NextEra Energy from $269.00 to $220.00 and set an “equal weight” rating for the company in a research note on Thursday, March 26th. Morgan Stanley boosted their target price on NextEra Energy from $237.00 to $240.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 17th. Finally, Credit Suisse Group lowered their target price on NextEra Energy from $256.00 to $252.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $256.00.
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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