MetLife Investment Advisors LLC purchased a new stake in NextEra Energy Inc (NYSE:NEE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 145,545 shares of the utilities provider’s stock, valued at approximately $22,733,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Achmea Investment Management B.V. raised its holdings in NextEra Energy by 61.5% in the third quarter. Achmea Investment Management B.V. now owns 52,613 shares of the utilities provider’s stock valued at $7,708,000 after buying an additional 20,028 shares during the period. AXA grew its position in NextEra Energy by 5.2% in the third quarter. AXA now owns 383,033 shares of the utilities provider’s stock valued at $56,133,000 after acquiring an additional 19,060 shares in the last quarter. South Dakota Investment Council acquired a new stake in NextEra Energy in the third quarter valued at approximately $2,535,000. Ninepoint Partners LP acquired a new stake in NextEra Energy in the third quarter valued at approximately $449,000. Finally, Belpointe Asset Management LLC acquired a new stake in NextEra Energy in the third quarter valued at approximately $286,000. Hedge funds and other institutional investors own 76.36% of the company’s stock.
Shares of NextEra Energy stock opened at $161.95 on Monday. NextEra Energy Inc has a 1 year low of $127.09 and a 1 year high of $161.95. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.52 and a current ratio of 0.64. The firm has a market cap of $75,816.66, a P/E ratio of 24.00, a PEG ratio of 2.64 and a beta of 0.32.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the business earned $1.21 earnings per share. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. research analysts expect that NextEra Energy Inc will post 7.73 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, February 27th were paid a dividend of $1.11 per share. The ex-dividend date was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.98. This represents a $4.44 annualized dividend and a yield of 2.74%. NextEra Energy’s dividend payout ratio (DPR) is 38.98%.
NEE has been the subject of several recent research reports. Argus reaffirmed a “buy” rating and issued a $173.00 price objective on shares of NextEra Energy in a research report on Tuesday, December 5th. They noted that the move was a valuation call. Credit Suisse Group initiated coverage on shares of NextEra Energy in a research report on Thursday, December 7th. They issued an “outperform” rating and a $173.00 price objective for the company. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a research report on Tuesday, December 12th. Morgan Stanley increased their price objective on shares of NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $177.00 price objective on shares of NextEra Energy in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $161.75.
In related news, CEO Armando Pimentel, Jr. sold 9,250 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total transaction of $1,404,427.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Charles E. Sieving sold 2,844 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $154.67, for a total value of $439,881.48. Following the transaction, the executive vice president now owns 48,966 shares in the company, valued at $7,573,571.22. The disclosure for this sale can be found here. Insiders have sold 44,245 shares of company stock worth $6,887,603 over the last 90 days. 0.53% of the stock is currently owned by company insiders.
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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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