Hudson Valley Investment Advisors Inc. ADV Purchases Shares of 4,804 NextEra Energy Inc (NEE)

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Hudson Valley Investment Advisors Inc. ADV bought a new stake in NextEra Energy Inc (NYSE:NEE) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,804 shares of the utilities provider’s stock, valued at approximately $805,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Trust Corp grew its position in shares of NextEra Energy by 1.0% in the second quarter. Northern Trust Corp now owns 6,633,362 shares of the utilities provider’s stock valued at $1,107,970,000 after purchasing an additional 64,609 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of NextEra Energy by 12.2% in the second quarter. Bank of New York Mellon Corp now owns 4,180,979 shares of the utilities provider’s stock valued at $698,348,000 after purchasing an additional 455,401 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of NextEra Energy by 1.8% in the second quarter. Janus Henderson Group PLC now owns 3,016,711 shares of the utilities provider’s stock valued at $503,883,000 after purchasing an additional 53,173 shares in the last quarter. Legal & General Group Plc grew its position in shares of NextEra Energy by 2.1% in the second quarter. Legal & General Group Plc now owns 2,792,059 shares of the utilities provider’s stock valued at $466,332,000 after purchasing an additional 57,093 shares in the last quarter. Finally, Commonwealth Bank of Australia grew its position in shares of NextEra Energy by 3.0% in the second quarter. Commonwealth Bank of Australia now owns 2,284,434 shares of the utilities provider’s stock valued at $382,551,000 after purchasing an additional 66,180 shares in the last quarter. Hedge funds and other institutional investors own 76.27% of the company’s stock.

In related news, Treasurer Paul I. Cutler sold 11,016 shares of the business’s stock in a transaction dated Wednesday, October 10th. The stock was sold at an average price of $175.08, for a total transaction of $1,928,681.28. Following the completion of the transaction, the treasurer now directly owns 102,291 shares in the company, valued at $17,909,108.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Rudy E. Schupp sold 1,600 shares of the business’s 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 transaction, the director now owns 21,300 shares of the company’s stock, valued at $3,557,100. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,024 shares of company stock valued at $12,742,375. 0.55% of the stock is owned by company insiders.

NextEra Energy stock opened at $169.36 on Friday. NextEra Energy Inc has a 52 week low of $145.10 and a 52 week high of $175.66. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.58 and a quick ratio of 0.46. The stock has a market cap of $79.04 billion, a P/E ratio of 25.28, a price-to-earnings-growth ratio of 2.58 and a beta of 0.20.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 25th. The utilities provider reported $2.11 EPS for the quarter, topping 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 business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.51 billion. During the same period in the previous year, the business earned $1.86 earnings per share. The firm’s revenue was down 7.6% on a year-over-year basis. As a group, equities research analysts predict that NextEra Energy Inc will post 7.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be given a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a yield of 2.62%. NextEra Energy’s payout ratio is 66.27%.

Several equities analysts have recently weighed in on NEE shares. Morgan Stanley reduced their price target on NextEra Energy from $186.00 to $184.00 and set a “buy” rating for the company in a research report on Friday, September 21st. Mizuho started coverage on NextEra Energy in a research report on Monday, August 13th. They issued a “buy” rating and a $184.00 price target for the company. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 price target for the company in a research report on Wednesday, August 8th. ValuEngine upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Finally, Barclays started coverage on NextEra Energy in a research report on Tuesday, July 10th. They issued an “equal weight” rating and a $182.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $170.64.

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

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