Financial Advocates Investment Management purchased a new position in NextEra Energy Inc (NYSE:NEE) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 11,393 shares of the utilities provider’s stock, valued at approximately $1,779,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Taylor Hoffman Wealth Management purchased a new stake in NextEra Energy in the 4th quarter valued at approximately $106,000. D Orazio & Associates Inc. purchased a new stake in NextEra Energy in the 4th quarter valued at approximately $113,000. Cerebellum GP LLC purchased a new stake in NextEra Energy in the 4th quarter valued at approximately $128,000. Keeler Thomas Management LLC purchased a new stake in NextEra Energy in the 4th quarter valued at approximately $129,000. Finally, Risk Paradigm Group LLC lifted its stake in NextEra Energy by 108.1% in the 3rd quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock valued at $125,000 after buying an additional 442 shares in the last quarter. Institutional investors and hedge funds own 76.50% of the company’s stock.
NEE has been the topic of a number of recent research reports. Morgan Stanley upped their target price on NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 target price on the stock in a research note on Tuesday, December 12th. Argus reaffirmed a “buy” rating and issued a $173.00 target price on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Guggenheim reaffirmed a “buy” rating and issued a $177.00 target price on shares of NextEra Energy in a research note on Wednesday, January 3rd. Finally, Credit Suisse Group initiated coverage on NextEra Energy in a research note on Thursday, December 7th. They issued an “outperform” rating and a $173.00 target price on the stock. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. NextEra Energy presently has a consensus rating of “Buy” and a consensus price target of $161.75.
NextEra Energy Inc (NYSE NEE) opened at $158.14 on Friday. NextEra Energy Inc has a 52 week low of $127.09 and a 52 week high of $159.64. The firm has a market capitalization of $74,390.16, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 2.59 and a beta of 0.32. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 1.07.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The business had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the prior year, the company earned $1.21 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. sell-side analysts expect that NextEra Energy Inc will post 7.73 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th were paid a dividend of $1.11 per share. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.98. NextEra Energy’s dividend payout ratio is currently 38.98%.
In other news, EVP Charles E. Sieving sold 2,844 shares of the company’s stock in a transaction on 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 directly owns 48,966 shares in the company, valued at approximately $7,573,571.22. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Manoochehr K. Nazar sold 13,890 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $155.64, for a total value of $2,161,839.60. Following the sale, the insider now owns 142,429 shares of the company’s stock, valued at $22,167,649.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,984 shares of company stock valued at $4,006,149. Insiders own 0.53% of the company’s stock.
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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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