Quantbot Technologies LP Has $7.07 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Quantbot Technologies LP lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 171.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 83,623 shares of the utilities provider’s stock after acquiring an additional 52,866 shares during the quarter. Quantbot Technologies LP’s holdings in NextEra Energy were worth $7,069,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Silvercrest Asset Management Group LLC raised its position in shares of NextEra Energy by 2.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 67,456 shares of the utilities provider’s stock valued at $4,311,000 after buying an additional 1,420 shares in the last quarter. Waverly Advisors LLC increased its stake in NextEra Energy by 128.2% during the 1st quarter. Waverly Advisors LLC now owns 16,601 shares of the utilities provider’s stock worth $1,061,000 after acquiring an additional 9,326 shares during the period. Ancora Advisors LLC raised its holdings in NextEra Energy by 10.6% in the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after acquiring an additional 7,677 shares in the last quarter. Global Financial Private Client LLC lifted its position in shares of NextEra Energy by 44.8% during the 1st quarter. Global Financial Private Client LLC now owns 2,329 shares of the utilities provider’s stock valued at $148,000 after acquiring an additional 721 shares during the period. Finally, WealthPlan Investment Management LLC grew its holdings in shares of NextEra Energy by 9.7% during the 1st quarter. WealthPlan Investment Management LLC now owns 120,870 shares of the utilities provider’s stock worth $7,725,000 after purchasing an additional 10,656 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on NEE shares. BMO Capital Markets boosted their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Barclays boosted their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. increased their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, NextEra Energy has a consensus rating of “Hold” and an average target price of $86.85.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value 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 approximately $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by company insiders.

NextEra Energy Trading Up 0.8 %

NYSE NEE opened at $76.64 on Tuesday. The firm has a market capitalization of $157.60 billion, a PE ratio of 22.67, a price-to-earnings-growth ratio of 2.75 and a beta of 0.57. The business’s 50-day moving average price is $80.74 and its two-hundred day moving average price is $77.76. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10.

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

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is presently 60.95%.

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.