Catalyst Capital Advisors LLC boosted its holdings in NextEra Energy Inc (NYSE:NEE) by 25.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,500 shares of the utilities provider’s stock after purchasing an additional 17,500 shares during the quarter. NextEra Energy makes up about 0.6% of Catalyst Capital Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Catalyst Capital Advisors LLC’s holdings in NextEra Energy were worth $12,823,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Hanson McClain Inc. boosted its holdings 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 period. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings 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 period. Archford Capital Strategies LLC boosted its holdings 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 period. Highstreet Asset Management Inc. acquired a new position in shares of NextEra Energy during the second quarter valued at $134,000. Finally, Atlantic Trust LLC acquired a new position in shares of NextEra Energy during the second quarter valued at $154,000. 75.63% of the stock is owned by hedge funds and other institutional investors.
Shares of NextEra Energy Inc (NYSE NEE) traded down $2.18 during midday trading on Wednesday, hitting $157.07. 1,988,700 shares of the company were exchanged, compared to its average volume of 1,683,005. NextEra Energy Inc has a fifty-two week low of $114.85 and a fifty-two week high of $159.40. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $74,910.82, a PE ratio of 23.88, a P/E/G ratio of 3.18 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the previous year, the business earned $1.74 earnings per share. The company’s revenue was up .1% on a year-over-year basis. analysts expect that NextEra Energy Inc will post 6.73 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors 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 2.50%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is currently 44.16%.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 42,372 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total value of $6,671,471.40. Following the sale, the chief executive officer now directly owns 121,958 shares in the company, valued at $19,202,287.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the completion of the sale, the executive vice president now owns 78,167 shares in the company, valued at $11,456,155.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 107,757 shares of company stock worth $16,419,953. 0.53% of the stock is owned by company insiders.
Several equities analysts have recently issued reports on NEE shares. 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 report on Tuesday. KeyCorp reissued a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a report on Thursday, October 12th. Argus reissued a “buy” rating and set a $173.00 price target on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. Royal Bank of Canada reissued a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a report on Tuesday, November 7th. Finally, Bank of America initiated coverage on shares of NextEra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price target for the company. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $158.60.
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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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