Reilly Herbert Faulkner III increased its stake in NextEra Energy (NYSE:NEE) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,912 shares of the utilities provider’s stock after buying an additional 766 shares during the quarter. NextEra Energy comprises 3.0% of Reilly Herbert Faulkner III’s portfolio, making the stock its 12th largest position. Reilly Herbert Faulkner III’s holdings in NextEra Energy were worth $5,453,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Taylor Hoffman Wealth Management bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $106,000. D Orazio & Associates Inc. bought a new stake in NextEra Energy during the 4th quarter valued at $113,000. Risk Paradigm Group LLC raised its stake in NextEra Energy by 108.1% during the 3rd quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 442 shares in the last quarter. Archford Capital Strategies LLC raised its stake 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 valued at $128,000 after acquiring an additional 4,347 shares in the last quarter. Finally, Cerebellum GP LLC bought a new stake in NextEra Energy during the 4th quarter valued at $128,000. Hedge funds and other institutional investors own 76.38% of the company’s stock.
Several equities analysts have recently issued reports on the company. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Morgan Stanley lowered their price target on NextEra Energy from $172.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 13th. Guggenheim restated a “buy” rating and issued a $182.00 target price on shares of NextEra Energy in a report on Friday, January 26th. ValuEngine upgraded NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, UBS began coverage on NextEra Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $177.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. NextEra Energy currently has a consensus rating of “Buy” and an average price target of $163.80.
Shares of NYSE:NEE opened at $162.75 on Friday. NextEra Energy has a fifty-two week low of $128.31 and a fifty-two week high of $164.71. 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 stock has a market capitalization of $77,210.21, a price-to-earnings ratio of 24.29, a P/E/G ratio of 2.69 and a beta of 0.24.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing the 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 business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the firm posted $1.21 EPS. NextEra Energy’s revenue for the quarter was up 8.4% on a year-over-year basis. analysts predict that NextEra Energy will post 7.73 EPS for the current fiscal year.
The company also recently declared 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. This represents a $4.44 annualized dividend and a yield of 2.73%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.98. The ex-dividend date was Monday, February 26th. NextEra Energy’s payout ratio is currently 66.27%.
In other news, EVP Charles E. Sieving sold 2,844 shares of the company’s stock in a transaction that occurred 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 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 filing with the SEC, which is available at the SEC website. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was 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. Insiders have sold 62,245 shares of company stock worth $9,783,623 over the last 90 days. Corporate insiders own 0.53% of the company’s stock.
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About NextEra Energy
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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