Bank of Nova Scotia Increases Position in NextEra Energy, Inc. (NEE)

Bank of Nova Scotia boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 73.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 186,612 shares of the utilities provider’s stock after acquiring an additional 79,091 shares during the period. Bank of Nova Scotia’s holdings in NextEra Energy were worth $26,150,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of NextEra Energy by 0.6% in the second quarter. BlackRock Inc. now owns 38,051,440 shares of the utilities provider’s stock valued at $5,332,149,000 after buying an additional 217,972 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of NextEra Energy by 4.6% in the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after buying an additional 1,503,907 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of NextEra Energy by 0.8% in the first quarter. Wellington Management Group LLP now owns 19,961,544 shares of the utilities provider’s stock valued at $2,562,463,000 after buying an additional 167,275 shares during the last quarter. FMR LLC raised its holdings in shares of NextEra Energy by 1.1% in the second quarter. FMR LLC now owns 7,767,929 shares of the utilities provider’s stock valued at $1,088,520,000 after buying an additional 87,224 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of NextEra Energy by 7.9% in the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock valued at $586,925,000 after buying an additional 336,562 shares during the last quarter. 75.23% of the stock is owned by institutional investors and hedge funds.

NextEra Energy, Inc. (NYSE NEE) opened at $156.78 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 1 year low of $110.49 and a 1 year high of $157.00. The firm has a market cap of $72,986.90, a PE ratio of 23.26, a price-to-earnings-growth ratio of 3.09 and a beta of 0.31.

NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same period in the prior year, the business posted $1.74 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. equities analysts anticipate that NextEra Energy, Inc. will post 6.73 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 annualized dividend and a yield of 2.51%. NextEra Energy’s payout ratio is currently 44.16%.

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A number of research analysts have recently issued reports on NEE shares. Royal Bank Of Canada reiterated a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a research note on Tuesday, November 7th. Bank of America Corporation started coverage on shares of NextEra Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $166.00 price target on the stock. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. KeyCorp reiterated a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a research note on Thursday, October 12th. Finally, J P Morgan Chase & Co set a $169.00 price target on shares of NextEra Energy and gave the stock a “hold” rating in a research note on Thursday, October 12th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. NextEra Energy has a consensus rating of “Buy” and an average price target of $155.38.

In other news, Director James L. Robo sold 30,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total value of $4,545,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Charles E. Sieving sold 30,485 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the completion of the sale, the executive vice president now owns 78,167 shares in the company, valued at $11,456,155.52. The disclosure for this sale can be found here. Insiders have sold 65,385 shares of company stock worth $9,748,482 over the last 90 days. 0.53% of the stock is currently owned by company insiders.

NextEra Energy Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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