Bragg Financial Advisors Inc purchased a new position in NextEra Energy Inc (NYSE:NEE) during the first quarter, Holdings Channel reports. The institutional investor purchased 1,267 shares of the utilities provider’s stock, valued at approximately $245,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of NEE. Vanguard Group Inc increased its stake in shares of NextEra Energy by 2.0% in the 3rd quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock valued at $6,907,634,000 after acquiring an additional 815,916 shares in the last quarter. BlackRock Inc. increased its stake in shares of NextEra Energy by 2.4% in the 4th quarter. BlackRock Inc. now owns 37,651,697 shares of the utilities provider’s stock valued at $6,544,616,000 after acquiring an additional 886,301 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of NextEra Energy by 17,067.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 8,771,018 shares in the last quarter. Norges Bank bought a new stake in shares of NextEra Energy in the 4th quarter valued at $1,172,014,000. Finally, Northern Trust Corp increased its stake in shares of NextEra Energy by 4.2% in the 4th quarter. Northern Trust Corp now owns 6,679,055 shares of the utilities provider’s stock valued at $1,160,953,000 after acquiring an additional 270,346 shares in the last quarter. Hedge funds and other institutional investors own 75.90% of the company’s stock.
In other news, Director James L. Robo sold 15,000 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $204.86, for a total value of $3,072,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 5,916 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $192.20, for a total transaction of $1,137,055.20. Following the completion of the sale, the executive vice president now owns 51,454 shares of the company’s stock, valued at approximately $9,889,458.80. The disclosure for this sale can be found here. Insiders have sold a total of 86,475 shares of company stock valued at $17,079,179 in the last 90 days. 0.48% of the stock is currently owned by company insiders.
Shares of NEE stock opened at $204.77 on Friday. The firm has a market cap of $96.73 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 3.07 and a beta of 0.26. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.46 and a quick ratio of 0.38. NextEra Energy Inc has a 12 month low of $156.23 and a 12 month high of $208.47.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 EPS for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.19. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.11 billion. NextEra Energy had a net margin of 17.13% and a return on equity of 10.26%. During the same quarter in the previous year, the business posted $1.94 EPS. Analysts forecast that NextEra Energy Inc will post 8.35 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $1.25 per share. The ex-dividend date is Friday, May 31st. This represents a $5.00 dividend on an annualized basis and a yield of 2.44%. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.
Several research firms have recently weighed in on NEE. KeyCorp began coverage on shares of NextEra Energy in a research note on Tuesday, June 4th. They issued an “overweight” rating and a $225.00 price objective for the company. Wells Fargo & Co lifted their price objective on shares of NextEra Energy from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $213.00 price objective for the company in a research note on Thursday, April 25th. Credit Suisse Group set a $199.00 price objective on shares of NextEra Energy and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, UBS Group lifted their price objective on shares of NextEra Energy from $225.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and a consensus target price of $203.46.
ILLEGAL ACTIVITY NOTICE: “Bragg Financial Advisors Inc Invests $245,000 in NextEra Energy Inc (NYSE:NEE)” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2019/06/14/bragg-financial-advisors-inc-invests-245000-in-nextera-energy-inc-nysenee.html.
NextEra Energy Company 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.
Further Reading: Cost of Equity
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.