Gateway Investment Advisers LLC Lowers Holdings in NextEra Energy Inc (NYSE:NEE)

Gateway Investment Advisers LLC trimmed its stake in shares of NextEra Energy Inc (NYSE:NEE) by 75.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,433 shares of the utilities provider’s stock after selling 13,386 shares during the quarter. Gateway Investment Advisers LLC’s holdings in NextEra Energy were worth $1,033,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. boosted its holdings in shares of NextEra Energy by 41.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,524,371 shares of the utilities provider’s stock worth $517,143,000 after purchasing an additional 740,059 shares in the last quarter. Railway Pension Investments Ltd purchased a new position in shares of NextEra Energy in the 2nd quarter worth about $13,001,000. Vanguard Group Inc. boosted its holdings in shares of NextEra Energy by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 43,282,619 shares of the utilities provider’s stock worth $8,866,878,000 after purchasing an additional 573,923 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of NextEra Energy by 19.1% in the 2nd quarter. California Public Employees Retirement System now owns 3,437,222 shares of the utilities provider’s stock worth $704,149,000 after purchasing an additional 550,956 shares in the last quarter. Finally, Thoroughbred Financial Services LLC boosted its holdings in shares of NextEra Energy by 20,386.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 435,942 shares of the utilities provider’s stock worth $43,594,000 after purchasing an additional 433,814 shares in the last quarter. Institutional investors own 74.53% of the company’s stock.

NEE has been the subject of several analyst reports. Barclays cut NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 target price for the company. in a report on Tuesday, August 13th. Morgan Stanley increased their target price on NextEra Energy from $241.00 to $242.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. increased their target price on NextEra Energy from $214.00 to $252.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Guggenheim upped their price target on NextEra Energy from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, ValuEngine lowered NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $231.67.

In other NextEra Energy news, CEO James L. Robo sold 44,537 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $216.85, for a total transaction of $9,657,848.45. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Sherry S. Barrat sold 4,700 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $218.57, for a total value of $1,027,279.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,576 shares of company stock worth $21,514,886. Company insiders own 0.48% of the company’s stock.

Shares of NYSE:NEE traded down $1.01 during trading on Friday, hitting $222.08. The stock had a trading volume of 1,583,945 shares, compared to its average volume of 1,974,897. NextEra Energy Inc has a 12 month low of $164.78 and a 12 month high of $239.89. The company has a quick ratio of 0.47, a current ratio of 0.58 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $111.01 billion, a PE ratio of 28.84, a PEG ratio of 3.40 and a beta of 0.17. The firm’s fifty day moving average is $231.32 and its 200 day moving average is $213.40.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.27 by $0.12. NextEra Energy had a return on equity of 10.59% and a net margin of 16.92%. The company had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the company earned $2.18 EPS. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. Equities research analysts expect that NextEra Energy Inc will post 8.36 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $1.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $5.00 annualized dividend and a yield of 2.25%. NextEra Energy’s dividend payout ratio is 64.94%.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

Further Reading: Analyzing a company’s cash flow statement

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

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