Railway Pension Investments Ltd Has $177.90 Million Stock Holdings in NextEra Energy, Inc. $NEE

Railway Pension Investments Ltd lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 90.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,356,632 shares of the utilities provider’s stock after purchasing an additional 1,118,000 shares during the quarter. NextEra Energy makes up about 2.4% of Railway Pension Investments Ltd’s holdings, making the stock its 15th biggest position. Railway Pension Investments Ltd owned approximately 0.11% of NextEra Energy worth $177,902,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in NextEra Energy by 2.7% during 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. Geode Capital Management LLC grew its holdings in shares of NextEra Energy by 1.2% during the second quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock worth $3,161,774,000 after purchasing an additional 526,996 shares during the last quarter. Norges Bank bought a new stake in shares of NextEra Energy during the second quarter valued at approximately $2,375,545,000. Charles Schwab Investment Management Inc. lifted its stake in shares of NextEra Energy by 2.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock valued at $1,165,896,000 after acquiring an additional 340,315 shares during the period. Finally, Legal & General Group Plc grew its position in shares of NextEra Energy by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 16,414,103 shares of the utilities provider’s stock worth $1,139,467,000 after buying an additional 408,198 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE opened at $80.89 on Monday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. The company has a market cap of $168.47 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 2.51 and a beta of 0.74. The stock has a 50-day moving average price of $82.62 and a 200-day moving average price of $77.58.

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

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, November 21st. NextEra Energy’s dividend payout ratio is presently 71.97%.

Analyst Ratings Changes

NEE has been the topic of several recent analyst reports. Evercore ISI reiterated an “outperform” rating and set a $93.00 target price on shares of NextEra Energy in a report on Tuesday, October 28th. BTIG Research reiterated a “buy” rating and set a $100.00 target price on shares of NextEra Energy in a research note on Tuesday, December 9th. Barclays set a $88.00 price objective on shares of NextEra Energy and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Argus set a $90.00 target price on NextEra Energy in a research note on Wednesday, October 29th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $89.00 price target (down previously from $90.00) on shares of NextEra Energy in a research report on Wednesday, December 10th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.72.

Insider Activity

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the transaction, the chief executive officer owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This trade represents a 47.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.