Shelter Mutual Insurance Co Invests $2.68 Million in NextEra Energy Inc (NYSE:NEE) Stock

Shelter Mutual Insurance Co bought a new position in NextEra Energy Inc (NYSE:NEE) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 18,300 shares of the utilities provider’s stock, valued at approximately $2,682,000.

A number of other institutional investors have also recently added to or reduced their stakes in NEE. HL Financial Services LLC grew its holdings in NextEra Energy by 2.2% during the 3rd quarter. HL Financial Services LLC now owns 48,406 shares of the utilities provider’s stock valued at $7,094,000 after buying an additional 1,022 shares in the last quarter. FDx Advisors Inc. grew its holdings in NextEra Energy by 12.5% during the 3rd quarter. FDx Advisors Inc. now owns 35,320 shares of the utilities provider’s stock valued at $5,176,000 after buying an additional 3,921 shares in the last quarter. Candriam Luxembourg S.C.A. grew its holdings in NextEra Energy by 6.2% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 32,775 shares of the utilities provider’s stock valued at $4,803,000 after buying an additional 1,919 shares in the last quarter. Sandy Spring Bank boosted its position in shares of NextEra Energy by 2.3% during the 3rd quarter. Sandy Spring Bank now owns 27,371 shares of the utilities provider’s stock valued at $4,011,000 after acquiring an additional 625 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of NextEra Energy by 1.0% during the 3rd quarter. Swiss National Bank now owns 1,923,624 shares of the utilities provider’s stock valued at $281,907,000 after acquiring an additional 18,800 shares during the last quarter. 75.38% of the stock is owned by institutional investors.

In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total transaction of $4,545,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the transaction, the chief executive officer now directly owns 121,958 shares in the company, valued at approximately $19,202,287.10. The disclosure for this sale can be found here. Insiders sold 74,372 shares of company stock valued at $11,517,071 over the last 90 days. Company insiders own 0.53% of the company’s stock.

A number of research analysts have recently commented on NEE shares. KeyCorp reiterated a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a research report on Friday, September 1st. Morgan Stanley raised their price target on NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Argus reiterated a “buy” rating and issued a $173.00 target price on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. began coverage on NextEra Energy in a research note on Thursday, September 7th. They issued an “overweight” rating and a $173.00 target price on the stock. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $159.00.

NextEra Energy Inc (NYSE NEE) traded down $0.16 during trading on Friday, hitting $156.19. The company had a trading volume of 1,186,595 shares, compared to its average volume of 1,671,941. NextEra Energy Inc has a 12-month low of $117.33 and a 12-month high of $159.40. The firm has a market capitalization of $73,546.67, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 3.12 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the previous year, the company posted $1.74 earnings per share. NextEra Energy’s revenue for the quarter was up .1% on a year-over-year basis. analysts expect that NextEra Energy Inc will post 6.73 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were given a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 44.16%.

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NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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

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