38,709 Shares in NextEra Energy, Inc. (NYSE:NEE) Purchased by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 38,709 shares of the utilities provider's stock, valued at approximately $3,272,000.

Several other hedge funds have also added to or reduced their stakes in NEE. Legal & General Group Plc grew 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. Charles Schwab Investment Management Inc. grew its position in shares of NextEra Energy by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider's stock worth $1,122,963,000 after buying an additional 86,758 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of NextEra Energy by 5.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider's stock valued at $729,559,000 after buying an additional 452,590 shares during the period. Raymond James & Associates lifted its stake in NextEra Energy by 14.3% in the third quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider's stock worth $575,573,000 after acquiring an additional 851,873 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in 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 acquiring an additional 409,708 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Down 1.5 %

Shares of NEE stock traded down $1.13 on Friday, hitting $75.07. The stock had a trading volume of 2,756,176 shares, compared to its average volume of 10,836,444. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The business has a 50 day moving average price of $79.68 and a 200 day moving average price of $77.83. The company has a market cap of $154.37 billion, a PE ratio of 22.52, a P/E/G ratio of 2.76 and a beta of 0.56. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to analysts' expectations of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.94 EPS. Research analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share 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. This represents a $2.06 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Friday, November 22nd. NextEra Energy's payout ratio is 60.95%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Dbs Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, September 27th. Barclays increased 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 lowered NextEra Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. Guggenheim increased their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, Bank of America lifted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a "neutral" rating in a report on Thursday, August 29th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $86.85.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.18% of the company's stock.

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.