Valmark Advisers Inc. purchased a new stake in NextEra Energy Inc (NYSE:NEE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,823 shares of the utilities provider’s stock, valued at approximately $285,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. South Texas Money Management Ltd. increased its position in shares of NextEra Energy by 0.5% during the 2nd quarter. South Texas Money Management Ltd. now owns 3,604 shares of the utilities provider’s stock valued at $505,000 after purchasing an additional 19 shares during the last quarter. Salem Investment Counselors Inc. increased its position in shares of NextEra Energy by 0.7% during the 2nd quarter. Salem Investment Counselors Inc. now owns 9,065 shares of the utilities provider’s stock valued at $1,270,000 after purchasing an additional 64 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. increased its position in shares of NextEra Energy by 0.3% during the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 22,675 shares of the utilities provider’s stock valued at $3,177,000 after purchasing an additional 70 shares during the last quarter. Capital Wealth Planning LLC increased its position in shares of NextEra Energy by 4.0% during the 2nd quarter. Capital Wealth Planning LLC now owns 2,705 shares of the utilities provider’s stock valued at $379,000 after purchasing an additional 105 shares during the last quarter. Finally, ETRADE Capital Management LLC increased its position in shares of NextEra Energy by 0.6% during the 2nd quarter. ETRADE Capital Management LLC now owns 23,397 shares of the utilities provider’s stock valued at $3,279,000 after purchasing an additional 132 shares during the last quarter. 75.50% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on NEE. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 target price for the company in a research report on Tuesday, December 12th. Credit Suisse Group assumed coverage on NextEra Energy in a research note on Thursday, December 7th. They set an “outperform” rating and a $173.00 price target for the company. Guggenheim reiterated a “buy” rating and set a $182.00 price target on shares of NextEra Energy in a research note on Friday, January 26th. Morgan Stanley increased their price target on NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Finally, UBS Group assumed coverage on NextEra Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $177.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $161.38.
NextEra Energy Inc (NEE) opened at $153.81 on Wednesday. NextEra Energy Inc has a 12 month low of $126.00 and a 12 month high of $159.64. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $72,350.00, a PE ratio of 13.54, a price-to-earnings-growth ratio of 2.58 and a beta of 0.28.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). The business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.18 billion. NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 EPS. equities analysts expect that NextEra Energy Inc will post 7.68 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be given a dividend of $1.11 per share. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.98. NextEra Energy’s dividend payout ratio (DPR) is 34.60%.
In other news, EVP Charles E. Sieving sold 2,844 shares of NextEra Energy stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $154.67, for a total transaction of $439,881.48. Following the completion of the sale, the executive vice president now owns 48,966 shares in the company, valued at approximately $7,573,571.22. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of NextEra Energy stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total value of $1,404,427.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,466 shares of company stock valued at $8,515,780. Corporate insiders own 0.53% of the company’s stock.
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NextEra Energy 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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