Huber Capital Management LLC cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 13.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,100 shares of the utilities provider’s stock after selling 500 shares during the period. Huber Capital Management LLC’s holdings in NextEra Energy were worth $227,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Epoch Investment Partners Inc. lifted its stake in shares of NextEra Energy by 84.5% in the second quarter. Epoch Investment Partners Inc. now owns 2,003,076 shares of the utilities provider’s stock valued at $146,785,000 after buying an additional 917,457 shares during the period. Clear Perspective Advisors LLC lifted its stake in NextEra Energy by 30.4% during the second quarter. Clear Perspective Advisors LLC now owns 5,005 shares of the utilities provider’s stock worth $367,000 after purchasing an additional 1,166 shares during the period. Natixis Investment Managers International boosted its stake in NextEra Energy by 667.2% in the 2nd quarter. Natixis Investment Managers International now owns 593,132 shares of the utilities provider’s stock valued at $43,464,000 after buying an additional 515,825 shares in the last quarter. Natixis boosted its stake in shares of NextEra Energy by 36.4% in the 2nd quarter. Natixis now owns 1,747,904 shares of the utilities provider’s stock valued at $128,086,000 after purchasing an additional 466,717 shares in the last quarter. Finally, Mirova grew its stake in NextEra Energy by 8.3% during the second quarter. Mirova now owns 70,439 shares of the utilities provider’s stock worth $5,161,000 after buying an additional 5,402 shares during the last quarter. 74.67% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:NEE traded up $1.53 during mid-day trading on Thursday, reaching $81.72. The stock had a trading volume of 235,778 shares, compared to its average volume of 7,823,549. The firm has a 50 day simple moving average of $82.50 and a two-hundred day simple moving average of $77.91. NextEra Energy, Inc. has a twelve month low of $68.33 and a twelve month high of $87.69. The firm has a market cap of $160.29 billion, a PE ratio of 50.76, a price-to-earnings-growth ratio of 4.05 and a beta of 0.19. The company has a current ratio of 0.48, a quick ratio of 0.38 and a debt-to-equity ratio of 1.05.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Friday, August 27th were issued a dividend of $0.385 per share. The ex-dividend date was Thursday, August 26th. This represents a $1.54 annualized dividend and a yield of 1.88%. NextEra Energy’s dividend payout ratio (DPR) is currently 66.67%.
NEE has been the subject of a number of research reports. Credit Suisse Group initiated coverage on NextEra Energy in a report on Wednesday, July 14th. They issued an “outperform” rating and a $85.00 price target for the company. Morgan Stanley dropped their price objective on shares of NextEra Energy from $80.00 to $79.00 and set an “equal weight” rating for the company in a research report on Friday, September 17th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, NextEra Energy has an average rating of “Buy” and a consensus price target of $85.25.
In other NextEra Energy news, EVP Ronald R. Reagan sold 4,166 shares of the business’s stock in a transaction dated Monday, August 16th. The shares were sold at an average price of $84.00, for a total transaction of $349,944.00. Following the sale, the executive vice president now directly owns 28,043 shares of the company’s stock, valued at approximately $2,355,612. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John W. Ketchum sold 12,151 shares of the firm’s stock in a transaction dated Wednesday, September 15th. The shares were sold at an average price of $84.33, for a total value of $1,024,693.83. Following the completion of the transaction, the chief executive officer now owns 84,895 shares of the company’s stock, valued at approximately $7,159,195.35. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.
NextEra Energy Profile
NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL & NEER. The FPL segment engages primarily in the generation, transmission, distribution and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.
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