Girard Partners LTD. raised its stake in NextEra Energy Inc (NYSE:NEE) by 6.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,527 shares of the utilities provider’s stock after buying an additional 873 shares during the period. Girard Partners LTD.’s holdings in NextEra Energy were worth $2,275,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. Ngam Advisors L.P. lifted its stake in shares of NextEra Energy by 13.0% in the 1st quarter. Ngam Advisors L.P. now owns 57,851 shares of the utilities provider’s stock valued at $7,427,000 after purchasing an additional 6,664 shares during the period. Trustmark National Bank Trust Department lifted its stake in shares of NextEra Energy by 47.8% in the 1st quarter. Trustmark National Bank Trust Department now owns 5,565 shares of the utilities provider’s stock valued at $715,000 after purchasing an additional 1,800 shares during the period. L & S Advisors Inc acquired a new position in shares of NextEra Energy in the 1st quarter valued at about $2,890,000. Marco Investment Management LLC acquired a new position in shares of NextEra Energy in the 1st quarter valued at about $220,000. Finally, Princeton Portfolio Strategies Group LLC lifted its stake in shares of NextEra Energy by 11.0% in the 1st quarter. Princeton Portfolio Strategies Group LLC now owns 30,066 shares of the utilities provider’s stock valued at $3,860,000 after purchasing an additional 2,986 shares during the period. Hedge funds and other institutional investors own 75.63% of the company’s stock.
NEE has been the topic of a number of recent analyst reports. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price objective on the stock in a research note on Tuesday. KeyCorp reissued a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a research note on Thursday, October 12th. Argus reissued a “buy” rating and issued a $173.00 price objective on shares of NextEra Energy in a research note on Tuesday, December 5th. 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 research note on Tuesday, November 7th. Finally, Bank of America initiated coverage on NextEra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $158.60.
In related news, EVP Charles E. Sieving sold 30,485 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the transaction, the executive vice president now directly owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the transaction, the chief executive officer now directly owns 121,958 shares in the company, valued at $19,202,287.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 107,757 shares of company stock worth $16,419,953. 0.53% of the stock is owned by company insiders.
NextEra Energy Inc (NYSE:NEE) traded down $2.18 during mid-day trading on Wednesday, reaching $157.07. The company had a trading volume of 1,988,700 shares, compared to its average volume of 1,683,005. NextEra Energy Inc has a fifty-two week low of $114.85 and a fifty-two week high of $159.40. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. The firm has a market cap of $74,910.82, a P/E ratio of 23.88, a P/E/G ratio of 3.18 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the prior year, the business earned $1.74 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. equities analysts predict that NextEra Energy Inc will post 6.73 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 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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