QS Investors LLC raised its position in shares of NextEra Energy (NYSE:NEE) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,311 shares of the utilities provider’s stock after acquiring an additional 1,485 shares during the period. QS Investors LLC’s holdings in NextEra Energy were worth $5,047,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the business. Taylor Hoffman Wealth Management purchased a new stake in shares of NextEra Energy in the fourth quarter worth about $106,000. D Orazio & Associates Inc. purchased a new stake in shares of NextEra Energy in the fourth quarter worth about $113,000. Risk Paradigm Group LLC boosted its position in shares of NextEra Energy by 108.1% in the third quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock worth $125,000 after buying an additional 442 shares during the period. Archford Capital Strategies LLC boosted its position in shares of NextEra Energy by 76.9% in the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after buying an additional 4,347 shares during the period. Finally, Cerebellum GP LLC purchased a new stake in shares of NextEra Energy in the fourth quarter worth about $128,000. 76.38% of the stock is owned by hedge funds and other institutional investors.
In other NextEra Energy 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 transaction of $439,881.48. Following the sale, the executive vice president now owns 48,966 shares in the company, valued at $7,573,571.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the company’s stock in a transaction that occurred on 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. Insiders have sold 62,245 shares of company stock worth $9,783,623 in the last 90 days. 0.53% of the stock is currently owned by insiders.
NEE has been the subject of several analyst reports. 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. Morgan Stanley upped their target price on NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Guggenheim reaffirmed a “buy” rating and issued a $177.00 target price on shares of NextEra Energy in a research report on Wednesday, January 3rd. Finally, UBS began coverage on NextEra Energy in a research report on Friday, February 2nd. They issued a “buy” rating and a $177.00 target price for the company. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. NextEra Energy presently has an average rating of “Buy” and an average price target of $163.80.
Shares of NEE opened at $162.75 on Friday. The stock has a market capitalization of $76,423.98, a P/E ratio of 24.29, a price-to-earnings-growth ratio of 2.67 and a beta of 0.24. NextEra Energy has a one year low of $128.31 and a one year 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.
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 net margin of 31.28% and a return on equity of 11.50%. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the company earned $1.21 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. research analysts anticipate that NextEra Energy will post 7.73 EPS for the current year.
The company also recently disclosed 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. The ex-dividend date was Monday, February 26th. This represents a $4.44 annualized dividend and a yield of 2.73%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.98. NextEra Energy’s dividend payout ratio is presently 66.27%.
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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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