Quantbot Technologies LP Acquires 52,866 Shares of NextEra Energy, Inc. (NYSE:NEE)

Quantbot Technologies LP boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 171.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Associated Banc Corp lifted its stake in shares of NextEra Energy by 2.1% during the third quarter. Associated Banc Corp now owns 198,652 shares of the utilities provider’s stock valued at $16,792,000 after acquiring an additional 4,052 shares during the period. Truvestments Capital LLC raised its holdings in NextEra Energy by 3.5% during the 3rd quarter. Truvestments Capital LLC now owns 67,027 shares of the utilities provider’s stock worth $5,666,000 after purchasing an additional 2,272 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in NextEra Energy by 1.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 33,743 shares of the utilities provider’s stock worth $2,852,000 after purchasing an additional 633 shares during the last quarter. Loomis Sayles & Co. L P lifted its position in NextEra Energy by 7.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,756 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 199 shares during the period. Finally, DRW Securities LLC boosted its stake in shares of NextEra Energy by 575.4% in the 3rd quarter. DRW Securities LLC now owns 98,806 shares of the utilities provider’s stock valued at $8,352,000 after purchasing an additional 84,177 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.8 %

Shares of NYSE:NEE opened at $76.64 on Tuesday. The company’s 50-day moving average price is $80.74 and its two-hundred day moving average price is $77.76. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The stock 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.

NextEra Energy (NYSE:NEE) last released its earnings results 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 business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. NextEra Energy’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.94 earnings per share. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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

Analyst Ratings Changes

Several brokerages have commented on NEE. Morgan Stanley dropped their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Friday. Scotiabank upped their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. BMO Capital Markets upped 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. Finally, Bank of America increased their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $86.85.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s 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 owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by insiders.

About NextEra Energy

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.