ProVise Management Group LLC lifted its position in shares of NextEra Energy Inc (NYSE:NEE) by 32.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,945 shares of the utilities provider’s stock after purchasing an additional 723 shares during the quarter. ProVise Management Group LLC’s holdings in NextEra Energy were worth $569,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Dynamic Technology Lab Private Ltd purchased a new stake in NextEra Energy in the first quarter worth about $366,000. MainStreet Investment Advisors LLC grew its position in shares of NextEra Energy by 0.8% during the first quarter. MainStreet Investment Advisors LLC now owns 10,941 shares of the utilities provider’s stock worth $2,115,000 after purchasing an additional 92 shares in the last quarter. William Blair Investment Management LLC grew its position in shares of NextEra Energy by 0.3% during the first quarter. William Blair Investment Management LLC now owns 229,805 shares of the utilities provider’s stock worth $44,426,000 after purchasing an additional 776 shares in the last quarter. Resources Investment Advisors Inc. grew its position in shares of NextEra Energy by 5.9% during the first quarter. Resources Investment Advisors Inc. now owns 1,404 shares of the utilities provider’s stock worth $271,000 after purchasing an additional 78 shares in the last quarter. Finally, Glassman Wealth Services grew its position in shares of NextEra Energy by 62.3% during the first quarter. Glassman Wealth Services now owns 344 shares of the utilities provider’s stock worth $67,000 after purchasing an additional 132 shares in the last quarter. Institutional investors own 75.90% of the company’s stock.
In other NextEra Energy news, EVP Charles E. Sieving sold 5,916 shares of the firm’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 transaction, the executive vice president now directly owns 51,454 shares in the company, valued at approximately $9,889,458.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $191.52, for a total value of $306,432.00. Following the transaction, the director now owns 19,210 shares in the company, valued at $3,679,099.20. The disclosure for this sale can be found here. Insiders have sold a total of 86,475 shares of company stock worth $17,079,179 over the last 90 days. 0.48% of the stock is currently owned by company insiders.
Several research firms recently issued reports on NEE. UBS Group increased their target price on NextEra Energy from $225.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Morgan Stanley increased their target price on NextEra Energy from $194.00 to $207.00 and gave the stock an “overweight” rating in a research report on Friday. KeyCorp began coverage on NextEra Energy in a research report on Tuesday, June 4th. They set an “overweight” rating and a $225.00 target price for the company. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Finally, Credit Suisse Group set a $199.00 price target on NextEra Energy and gave the company a “buy” rating in a research note on Monday, April 22nd. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. NextEra Energy currently has a consensus rating of “Buy” and a consensus price target of $204.46.
Shares of NextEra Energy stock opened at $204.77 on Friday. The company has a market cap of $97.97 billion, a P/E ratio of 26.59, a PEG ratio of 3.11 and a beta of 0.26. NextEra Energy Inc has a 12 month low of $156.23 and a 12 month high of $208.47. 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 (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.19. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. NextEra Energy had a return on equity of 10.26% and a net margin of 17.13%. During the same period in the prior year, the business posted $1.94 earnings per share. Research analysts predict that NextEra Energy Inc will post 8.35 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $1.25 per share. The ex-dividend date is Friday, May 31st. This represents a $5.00 annualized dividend and a yield of 2.44%. NextEra Energy’s payout ratio is currently 64.94%.
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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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