Neville Rodie & Shaw Inc. Has $13.43 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Neville Rodie & Shaw Inc. cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 187,381 shares of the utilities provider’s stock after selling 840 shares during the quarter. NextEra Energy comprises approximately 1.0% of Neville Rodie & Shaw Inc.’s investment portfolio, making the stock its 27th largest holding. Neville Rodie & Shaw Inc.’s holdings in NextEra Energy were worth $13,433,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEE. International Assets Investment Management LLC raised its position in shares of NextEra Energy by 8,641.5% in the 3rd quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock worth $326,388,000 after acquiring an additional 3,817,037 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of NextEra Energy by 4,058.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock worth $200,065,000 after acquiring an additional 2,309,876 shares in the last quarter. Nordea Investment Management AB raised its position in shares of NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after acquiring an additional 1,525,436 shares in the last quarter. LGT Group Foundation raised its position in shares of NextEra Energy by 962.8% in the 2nd quarter. LGT Group Foundation now owns 1,514,482 shares of the utilities provider’s stock worth $107,240,000 after acquiring an additional 1,371,982 shares in the last quarter. Finally, National Bank of Canada FI raised its position in shares of NextEra Energy by 167.7% in the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock worth $184,795,000 after acquiring an additional 1,369,689 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Down 0.5 %

NEE traded down $0.34 during midday trading on Monday, reaching $71.65. 2,408,009 shares of the company were exchanged, compared to its average volume of 4,202,510. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The company’s fifty day moving average price is $75.19 and its 200 day moving average price is $77.43. The company has a market cap of $147.34 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 2.66 and a beta of 0.56. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the previous year, the business earned $0.94 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. As a group, analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.88%. NextEra Energy’s payout ratio is presently 60.95%.

Analyst Ratings Changes

Several research analysts have recently weighed in on NEE shares. Scotiabank lifted their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Barclays lifted their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Jefferies Financial Group assumed coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price for the company. Morgan Stanley decreased their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Finally, Guggenheim boosted their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and a consensus target price of $87.15.

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,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.