NextEra Energy, Inc. $NEE Shares Acquired by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 456,546 shares of the utilities provider’s stock after purchasing an additional 10,455 shares during the period. Cardinal Capital Management Inc.’s holdings in NextEra Energy were worth $34,465,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NEE. Norges Bank purchased a new stake in shares of NextEra Energy in the second quarter valued at $2,375,545,000. Vanguard Group Inc. raised its stake in NextEra Energy by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock valued at $14,777,923,000 after purchasing an additional 5,554,603 shares during the last quarter. Amundi lifted its holdings in NextEra Energy by 27.8% in the 1st quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock valued at $878,447,000 after purchasing an additional 2,657,438 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of NextEra Energy by 18.7% during the 2nd quarter. Schroder Investment Management Group now owns 10,796,329 shares of the utilities provider’s stock worth $749,481,000 after purchasing an additional 1,701,648 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its holdings in shares of NextEra Energy by 181.9% during the second quarter. Adage Capital Partners GP L.L.C. now owns 2,185,513 shares of the utilities provider’s stock worth $151,718,000 after buying an additional 1,410,200 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the sale, the chief executive officer owned 162,693 shares in the company, valued at $13,651,569.63. This represents a 47.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 157,322 shares of company stock valued at $13,148,943 over the last quarter. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. UBS Group set a $94.00 price target on NextEra Energy in a research note on Wednesday, December 10th. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Cowen initiated coverage on NextEra Energy in a research note on Wednesday, October 15th. They issued a “buy” rating for the company. Finally, HSBC increased their target price on NextEra Energy from $94.00 to $95.00 in a research report on Monday, November 10th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and an average price target of $91.72.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $81.72 on Tuesday. The business has a 50-day moving average of $83.67 and a two-hundred day moving average of $76.76. The firm has a market capitalization of $170.19 billion, a PE ratio of 26.03, a P/E/G ratio of 2.75 and a beta of 0.74. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. During the same quarter in the previous year, the business earned $1.03 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, November 21st. NextEra Energy’s payout ratio is currently 72.29%.

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,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.