Glenmede Investment Management LP Has $66.14 Million Stock Holdings in NextEra Energy, Inc. $NEE

Glenmede Investment Management LP trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 876,176 shares of the utilities provider’s stock after selling 23,004 shares during the quarter. Glenmede Investment Management LP’s holdings in NextEra Energy were worth $66,143,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in NextEra Energy by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 213,799,521 shares of the utilities provider’s stock worth $16,139,726,000 after buying an additional 922,500 shares during the period. Norges Bank acquired a new position in NextEra Energy in the second quarter valued at about $2,375,545,000. Legal & General Group Plc increased its holdings in shares of NextEra Energy by 2.3% in the third quarter. Legal & General Group Plc now owns 16,787,191 shares of the utilities provider’s stock worth $1,267,265,000 after acquiring an additional 373,088 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of NextEra Energy by 2.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock worth $1,165,896,000 after acquiring an additional 340,315 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in shares of NextEra Energy by 18.7% during the second 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 period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the topic of several recent analyst reports. UBS Group lifted their price objective on NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Mizuho set a $90.00 target price on shares of NextEra Energy and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Argus set a $92.00 price target on shares of NextEra Energy and gave the company a “buy” rating in a research note on Wednesday, January 28th. BMO Capital Markets set a $95.00 price target on shares of NextEra Energy in a report on Thursday, January 29th. Finally, The Goldman Sachs Group increased their price objective on shares of NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.16.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 30,000 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares in the company, valued at $15,073,290. This represents a 15.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ronald R. Reagan sold 18,620 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the transaction, the executive vice president owned 9,643 shares of the company’s stock, valued at $867,870. The trade was a 65.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 185,882 shares of company stock worth $16,616,757. 0.20% of the stock is owned by insiders.

NextEra Energy Trading Up 1.2%

NYSE NEE opened at $92.81 on Friday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $95.91. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. The stock’s 50 day moving average price is $88.42 and its two-hundred day moving average price is $82.83. The stock has a market capitalization of $193.38 billion, a price-to-earnings ratio of 28.21 and a beta of 0.76.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period last year, the business earned $0.53 EPS. The business’s quarterly revenue was up 20.7% on a year-over-year basis. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, February 27th. NextEra Energy’s payout ratio is 75.68%.

NextEra Energy Profile

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.