Buckingham Asset Management LLC lifted its stake in NextEra Energy Inc (NYSE:NEE) by 21.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,484 shares of the utilities provider’s stock after purchasing an additional 1,132 shares during the quarter. Buckingham Asset Management LLC’s holdings in NextEra Energy were worth $950,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in NEE. Hanson McClain Inc. raised its position in shares of NextEra Energy by 6.0% in the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 43 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in NextEra Energy by 8.9% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after buying an additional 71 shares during the last quarter. Archford Capital Strategies LLC raised its position in NextEra Energy by 76.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after buying an additional 4,347 shares during the last quarter. Highstreet Asset Management Inc. purchased a new position in NextEra Energy during the 2nd quarter worth approximately $134,000. Finally, Atlantic Trust LLC purchased a new position in NextEra Energy during the 2nd quarter worth approximately $154,000. 75.63% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Joseph T. Kelliher sold 2,000 shares of NextEra Energy stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of NextEra Energy stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the completion of the sale, the chief executive officer now directly owns 121,958 shares in the company, valued at approximately $19,202,287.10. The disclosure for this sale can be found here. Insiders sold a total of 107,757 shares of company stock worth $16,419,953 in the last three months. 0.53% of the stock is owned by corporate insiders.
A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price target for the company in a research report on Tuesday. Argus reissued a “buy” rating and set a $173.00 price target on shares of NextEra Energy in a research report on Tuesday, December 5th. They noted that the move was a valuation call. J P Morgan Chase & Co assumed coverage on shares of NextEra Energy in a research report on Thursday, September 7th. They set an “overweight” rating and a $173.00 price target for the company. Morgan Stanley raised their price target on shares of NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, September 8th. Finally, KeyCorp reissued a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a research report on Thursday, October 12th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $158.60.
Shares of NextEra Energy Inc (NEE) traded up $0.22 during midday trading on Tuesday, hitting $159.25. 1,608,800 shares of the stock were exchanged, compared to its average volume of 1,681,721. The firm has a market cap of $74,807.33, a PE ratio of 23.84, a price-to-earnings-growth ratio of 3.17 and a beta of 0.31. NextEra Energy Inc has a twelve month low of $114.85 and a twelve month high of $159.35. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. The business had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the company earned $1.74 EPS. equities analysts forecast that NextEra Energy Inc will post 6.73 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a $0.9825 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a yield of 2.47%. NextEra Energy’s dividend payout ratio is currently 44.16%.
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NextEra Energy Company Profile
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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