AEGON ASSET MANAGEMENT UK Plc recently disclosed that it has decreased its stake in NextEra Energy, Inc., a leading utilities provider, by 4.1% during the third quarter, according to the company’s filing with the SEC. The fund now owns 774,152 shares of NextEra Energy’s stock, representing approximately 0.9% of its portfolio and making it the 26th largest position in the fund’s holdings. The value of AEGON ASSET MANAGEMENT UK’s stake in NextEra Energy was $65,433,000 at the end of the reporting period.
Other significant investors have also made adjustments to their positions in the company. Tandem Capital Management Corp ADV raised its stake in NextEra Energy by 1.3% during the third quarter. Insight Folios Inc and Taylor & Morgan Wealth Management LLC both increased their holdings by 1.5% and 1.7%, respectively. Osborne Partners Capital Management LLC and Boston Trust Walden Corp also added to their positions by 1.2% and 0.4% respectively.
NextEra Energy is a utility company with a strong performance in the market. It opened at $76.98 on Friday, with a 50-day moving average price of $82.05 and a two-hundred day moving average price of $77.11. With a market cap of $158.30 billion, the company has a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 2.69, and a beta of 0.57. NextEra Energy reported an impressive $1.03 EPS for the recent quarter, surpassing the consensus estimate of $0.98. The company’s revenue for the quarter was $7.57 billion, up 5.5% compared to the same quarter last year.
NextEra Energy also announced its quarterly dividend, which will be paid on December 16th to shareholders of record on November 22nd. The dividend amounts to $0.515 per share, resulting in an annualized dividend of $2.06 and a yield of 2.68%.
Various research analysts have provided their insights into NextEra Energy. BMO Capital Markets raised their price target to $91.00 and rated the stock as “outperform.” Bank of America boosted their target price to $81.00 with a “neutral” rating. Guggenheim raised their price target to $92.00 and gave a “buy” rating. Morgan Stanley and JPMorgan Chase & Co. also increased their target prices and provided positive ratings.
NextEra Energy, a major player in the energy sector, continues to generate, transmit, distribute, and sell electric power through various clean energy sources. With a focus on renewable energy solutions, the company is well-positioned for growth in the dynamic energy market.
An FAQ section based on the main topics and information presented in the article:
Q: What stake did AEGON ASSET MANAGEMENT UK Plc have in NextEra Energy, Inc.?
A: AEGON ASSET MANAGEMENT UK Plc decreased its stake in NextEra Energy by 4.1% during the third quarter, owning 774,152 shares of NextEra Energy’s stock.
Q: How much was AEGON ASSET MANAGEMENT UK’s stake in NextEra Energy worth?
A: At the end of the reporting period, AEGON ASSET MANAGEMENT UK’s stake in NextEra Energy was valued at $65,433,000.
Q: Which other investors made adjustments to their positions in NextEra Energy?
A: Tandem Capital Management Corp ADV, Insight Folios Inc, Taylor & Morgan Wealth Management LLC, Osborne Partners Capital Management LLC, and Boston Trust Walden Corp all adjusted their positions in NextEra Energy.
Q: What is NextEra Energy’s performance in the market?
A: NextEra Energy opened at $76.98, with a 50-day moving average price of $82.05 and a two-hundred day moving average price of $77.11. With a market cap of $158.30 billion, the company has a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 2.69, and a beta of 0.57.
Q: What were NextEra Energy’s financial results for the recent quarter?
A: NextEra Energy reported an EPS of $1.03 for the recent quarter, surpassing the consensus estimate of $0.98. The company’s revenue for the quarter was $7.57 billion, up 5.5% compared to the same quarter last year.
Q: When will NextEra Energy pay its quarterly dividend?
A: NextEra Energy’s quarterly dividend will be paid on December 16th to shareholders of record on November 22nd. The dividend amounts to $0.515 per share.
Q: What are the insights and ratings provided by research analysts on NextEra Energy?
A: BMO Capital Markets raised their price target to $91.00 and rated the stock as “outperform.” Bank of America boosted their target price to $81.00 with a “neutral” rating. Guggenheim raised their price target to $92.00 and gave a “buy” rating. Morgan Stanley and JPMorgan Chase & Co. also increased their target prices and provided positive ratings.
Definitions for key terms or jargon used within the article:
– Stake: The amount or percentage of ownership an individual or organization holds in a company.
– SEC: Securities and Exchange Commission, a U.S. government agency responsible for protecting investors and regulating the securities markets.
– Portfolio: A collection of investments held by an individual or organization.
– Market cap: The total market value of a publicly traded company’s outstanding shares of stock.
– Price-to-earnings ratio (P/E ratio): A financial measurement that compares a company’s stock price to its earnings per share. It indicates the market’s expectations for a company’s future performance.
– EPS: Earnings per share, a financial metric calculated by dividing a company’s net income by the number of outstanding shares.
– Dividend: A payment made by a company to its shareholders as a share of its profits.
– Target price: The projected price at which an analyst expects a stock to trade in the future.
Suggested related links:
– NextEra Energy Official Website
– U.S. Securities and Exchange Commission