19,207 Shares in NextEra Energy, Inc. (NYSE:NEE) Acquired by Impax Asset Management Group plc

Impax Asset Management Group plc purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the third quarter, Holdings Channel.com reports. The firm purchased 19,207 shares of the utilities provider’s stock, valued at approximately $1,624,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in NEE. Catalytic Wealth RIA LLC acquired a new stake in NextEra Energy during the first quarter valued at $212,000. Cynosure Group LLC purchased a new position in shares of NextEra Energy in the 1st quarter valued at about $403,000. Alley Investment Management Company LLC raised its holdings in NextEra Energy by 1.2% in the 1st quarter. Alley Investment Management Company LLC now owns 160,438 shares of the utilities provider’s stock worth $10,254,000 after purchasing an additional 1,846 shares during the period. Lcnb Corp grew its holdings in NextEra Energy by 3.7% in the first quarter. Lcnb Corp now owns 9,245 shares of the utilities provider’s stock valued at $591,000 after purchasing an additional 333 shares during the period. Finally, Peninsula Asset Management Inc. increased its position in shares of NextEra Energy by 33.6% in the first quarter. Peninsula Asset Management Inc. now owns 65,400 shares of the utilities provider’s stock valued at $4,180,000 after buying an additional 16,445 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of research analyst reports. Guggenheim lifted their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Scotiabank lifted their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Wells Fargo & Company upped their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Bank of America lifted their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $86.54.

NextEra Energy Stock Up 1.4 %

Shares of NYSE:NEE opened at $76.35 on Friday. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The business has a fifty day moving average of $81.53 and a two-hundred day moving average of $77.48. The stock has a market cap of $157.01 billion, a P/E ratio of 22.59, a PEG ratio of 2.68 and a beta of 0.57.

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

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio is presently 60.95%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by insiders.

NextEra Energy 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.