HL Financial Services LLC grew its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 2.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,406 shares of the utilities provider’s stock after purchasing an additional 1,022 shares during the period. HL Financial Services LLC’s holdings in NextEra Energy were worth $7,094,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. FDx Advisors Inc. increased its stake in shares of NextEra Energy by 12.5% during the third quarter. FDx Advisors Inc. now owns 35,320 shares of the utilities provider’s stock worth $5,176,000 after buying an additional 3,921 shares during the period. Candriam Luxembourg S.C.A. increased its stake in NextEra Energy by 6.2% in the third quarter. Candriam Luxembourg S.C.A. now owns 32,775 shares of the utilities provider’s stock valued at $4,803,000 after purchasing an additional 1,919 shares during the last quarter. Sandy Spring Bank increased its stake in NextEra Energy by 2.3% in the third quarter. Sandy Spring Bank now owns 27,371 shares of the utilities provider’s stock valued at $4,011,000 after purchasing an additional 625 shares during the last quarter. Swiss National Bank increased its stake in NextEra Energy by 1.0% in the third quarter. Swiss National Bank now owns 1,923,624 shares of the utilities provider’s stock valued at $281,907,000 after purchasing an additional 18,800 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC increased its stake in NextEra Energy by 198.9% in the third quarter. Jaffetilchin Investment Partners LLC now owns 6,657 shares of the utilities provider’s stock valued at $976,000 after purchasing an additional 4,430 shares during the last quarter. Institutional investors own 75.63% of the company’s stock.
Several brokerages have commented on NEE. Credit Suisse Group assumed coverage on shares of NextEra Energy in a research note on Thursday. They issued an “outperform” rating and a $173.00 price target on the stock. Argus reissued a “buy” rating and issued a $173.00 price objective on shares of NextEra Energy in a report on Tuesday. They noted that the move was a valuation call. Royal Bank Of Canada reissued a “buy” rating and issued a $156.00 price objective on shares of NextEra Energy in a report on Tuesday, November 7th. Bank of America assumed coverage on NextEra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price objective for the company. Finally, Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $157.73.
In other NextEra Energy news, EVP Charles E. Sieving sold 30,485 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $146.56, for a total value of $4,467,881.60. Following the sale, the executive vice president now directly owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,385 shares of company stock valued at $9,748,482. 0.53% of the stock is currently owned by company insiders.
NextEra Energy Inc (NEE) traded up $2.14 during trading hours on Thursday, reaching $157.78. The company’s stock had a trading volume of 1,983,800 shares, compared to its average volume of 1,684,582. The stock has a market capitalization of $73,212.69, a PE ratio of 23.33, a price-to-earnings-growth ratio of 3.10 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. NextEra Energy Inc has a 1 year low of $114.80 and a 1 year high of $159.28.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. The business had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the business posted $1.74 earnings per share. sell-side analysts anticipate that NextEra Energy Inc will post 6.73 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is presently 44.16%.
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NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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