Laurel Wealth Advisors Inc. boosted its holdings in NextEra Energy (NYSE:NEE) by 92.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,907 shares of the utilities provider’s stock after purchasing an additional 1,872 shares during the quarter. Laurel Wealth Advisors Inc.’s holdings in NextEra Energy were worth $610,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Taylor Hoffman Wealth Management purchased a new position in NextEra Energy during the 4th quarter worth $106,000. D Orazio & Associates Inc. purchased a new position in NextEra Energy during the 4th quarter worth $113,000. Risk Paradigm Group LLC raised its position in NextEra Energy by 108.1% during the 3rd 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 last quarter. Archford Capital Strategies LLC raised its position 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 worth $128,000 after buying an additional 4,347 shares during the last quarter. Finally, Cerebellum GP LLC purchased a new position in NextEra Energy during the 4th quarter worth $128,000. Hedge funds and other institutional investors own 76.38% of the company’s stock.
In other NextEra Energy news, Director James L. Robo sold 18,000 shares of the firm’s stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $160.89, for a total transaction of $2,896,020.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Charles E. Sieving sold 2,844 shares of the firm’s 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 sale, the executive vice president now directly owns 48,966 shares in the company, valued at $7,573,571.22. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,245 shares of company stock worth $9,783,623. 0.53% of the stock is owned by corporate insiders.
A number of research firms have recently weighed in on NEE. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $182.00 price target on the stock in a research note on Wednesday. Morgan Stanley lowered their price target on shares of NextEra Energy from $170.00 to $168.00 and set an “overweight” rating on the stock in a research note on Thursday, March 8th. ValuEngine raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. UBS began coverage on shares of NextEra Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $177.00 price target on the stock. Finally, Guggenheim reaffirmed a “buy” rating and set a $182.00 price target on shares of NextEra Energy in a research note on Friday, January 26th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $163.80.
Shares of NYSE NEE opened at $162.75 on Friday. The stock has a market capitalization of $77,210.21, a P/E ratio of 24.29, a price-to-earnings-growth ratio of 2.69 and a beta of 0.24. NextEra Energy has a 52 week low of $128.31 and a 52 week high of $164.71. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.52 and a current ratio of 0.64.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.18 billion. NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. NextEra Energy’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 earnings per share. equities research analysts expect that NextEra Energy will post 7.73 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, February 27th were paid a $1.11 dividend. This represents a $4.44 dividend on an annualized basis and a yield of 2.73%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.98. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio is presently 66.27%.
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NextEra Energy Profile
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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