NextEra Energy Inc (NEE) Holdings Increased by Pinnacle Financial Partners Inc.

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Pinnacle Financial Partners Inc. raised its position in shares of NextEra Energy Inc (NYSE:NEE) by 16.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 32,266 shares of the utilities provider’s stock after purchasing an additional 4,588 shares during the quarter. Pinnacle Financial Partners Inc.’s holdings in NextEra Energy were worth $5,408,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its holdings in shares of NextEra Energy by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,641,235 shares of the utilities provider’s stock worth $268,063,000 after buying an additional 51,158 shares in the last quarter. Summit Trail Advisors LLC boosted its holdings in shares of NextEra Energy by 36.9% during the 1st quarter. Summit Trail Advisors LLC now owns 2,637 shares of the utilities provider’s stock worth $313,000 after buying an additional 711 shares in the last quarter. Tandem Investment Advisors Inc. boosted its holdings in shares of NextEra Energy by 3.7% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 35,615 shares of the utilities provider’s stock worth $5,949,000 after buying an additional 1,275 shares in the last quarter. Bath Savings Trust Co boosted its holdings in shares of NextEra Energy by 5.6% during the 2nd quarter. Bath Savings Trust Co now owns 52,395 shares of the utilities provider’s stock worth $8,751,000 after buying an additional 2,769 shares in the last quarter. Finally, DnB Asset Management AS boosted its holdings in shares of NextEra Energy by 6.5% during the 2nd quarter. DnB Asset Management AS now owns 73,932 shares of the utilities provider’s stock worth $12,349,000 after buying an additional 4,500 shares in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Shares of NEE opened at $172.50 on Thursday. NextEra Energy Inc has a 12-month low of $145.10 and a 12-month high of $176.82. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $82.95 billion, a P/E ratio of 25.75, a PEG ratio of 2.67 and a beta of 0.20.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.03. NextEra Energy had a return on equity of 10.21% and a net margin of 51.25%. The company had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same period last year, the business earned $1.85 EPS. NextEra Energy’s quarterly revenue was down 8.1% compared to the same quarter last year. As a group, sell-side analysts forecast that NextEra Energy Inc will post 7.76 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be issued a $1.11 dividend. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Thursday, November 29th. NextEra Energy’s dividend payout ratio is currently 66.27%.

In related news, Treasurer Paul I. Cutler sold 7,639 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $173.30, for a total value of $1,323,838.70. Following the transaction, the treasurer now directly owns 98,914 shares in the company, valued at approximately $17,141,796.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were 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 in the company, valued at $3,557,100. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,024 shares of company stock worth $12,742,375. 0.55% of the stock is owned by company insiders.

A number of research firms have issued reports on NEE. Credit Suisse Group cut their price target on NextEra Energy from $185.00 to $173.00 and set an “outperform” rating on the stock in a report on Wednesday, October 24th. Wells Fargo & Co increased their price target on NextEra Energy from $180.00 to $191.00 and gave the stock an “outperform” rating in a report on Monday, September 17th. Argus increased their price target on NextEra Energy from $184.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday. Morgan Stanley increased their price target on NextEra Energy from $181.00 to $186.00 and gave the stock a “buy” rating in a report on Tuesday, September 11th. Finally, Mizuho began coverage on NextEra Energy in a report on Monday, August 13th. They set a “buy” rating and a $184.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $172.31.

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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