Mediolanum International Funds Ltd Sells 99,493 Shares of NextEra Energy, Inc. (NYSE:NEE)

Mediolanum International Funds Ltd lowered its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 38.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,766 shares of the utilities provider’s stock after selling 99,493 shares during the quarter. Mediolanum International Funds Ltd’s holdings in NextEra Energy were worth $13,569,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Legal & General Group Plc boosted its holdings in shares of NextEra Energy by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock valued at $1,508,155,000 after purchasing an additional 143,748 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in NextEra Energy by 9.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock worth $579,097,000 after acquiring an additional 691,341 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of NextEra Energy by 22.3% during the 1st quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock worth $443,834,000 after acquiring an additional 1,268,900 shares in the last quarter. Raymond James & Associates boosted its position in shares of NextEra Energy by 14.3% during the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock valued at $575,573,000 after acquiring an additional 851,873 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of NextEra Energy by 7.2% in the second quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock valued at $431,966,000 after purchasing an additional 409,708 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Barclays increased their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday. Morgan Stanley increased their price target on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company boosted their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, NextEra Energy presently has an average rating of “Hold” and a consensus target price of $86.54.

NextEra Energy Price Performance

Shares of NEE opened at $81.43 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The company’s fifty day moving average price is $82.36 and its 200-day moving average price is $76.12. The firm has a market capitalization of $167.30 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 1-year low of $53.81 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the prior year, the business earned $0.94 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.53%. NextEra Energy’s dividend payout ratio is presently 56.13%.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently 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.