Griffin Asset Management Inc. bought a new position in NextEra Energy Inc (NYSE:NEE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 94,551 shares of the utilities provider’s stock, valued at approximately $13,249,000. NextEra Energy makes up 3.5% of Griffin Asset Management Inc.’s portfolio, making the stock its 2nd largest holding.
A number of other large investors also recently made changes to their positions in the stock. Hanson McClain Inc. raised its stake in shares of NextEra Energy by 6.0% during the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 43 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of NextEra Energy by 8.9% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after acquiring an additional 71 shares during the last quarter. Archford Capital Strategies LLC raised its stake in shares of NextEra Energy by 76.9% during the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock valued at $128,000 after acquiring an additional 4,347 shares during the last quarter. Highstreet Asset Management Inc. bought a new position in shares of NextEra Energy during the second quarter valued at about $134,000. Finally, Atlantic Trust LLC bought a new position in shares of NextEra Energy during the second quarter valued at about $154,000. Institutional investors own 75.63% of the company’s stock.
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 transaction of $4,545,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 sale, the executive vice president now owns 78,167 shares in the company, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. Insiders have sold 65,385 shares of company stock valued at $9,748,482 in the last ninety days. Insiders own 0.53% of the company’s stock.
NextEra Energy Inc (NEE) traded down $1.50 during mid-day trading on Monday, reaching $155.97. 1,400,931 shares of the company were exchanged, compared to its average volume of 1,683,221. NextEra Energy Inc has a 12 month low of $113.18 and a 12 month high of $159.28. The company has a market capitalization of $74,073.52, a P/E ratio of 23.61, a P/E/G ratio of 3.14 and a beta of 0.31. 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 (NYSE:NEE) last announced its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter last year, the firm earned $1.74 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. equities research analysts anticipate that NextEra Energy Inc will post 6.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is 44.16%.
Several brokerages have recently commented on NEE. KeyCorp reaffirmed a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a research note on Thursday, October 12th. BidaskClub raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Bank of America began coverage on shares of NextEra Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $166.00 price objective for the company. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Tuesday, October 10th. Finally, Morgan Stanley increased their price target on shares of NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $155.38.
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About NextEra Energy
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.
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