Bank of Hawaii lowered its stake in shares of NextEra Energy Inc (NYSE:NEE) by 5.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,351 shares of the utilities provider’s stock after selling 913 shares during the period. Bank of Hawaii’s holdings in NextEra Energy were worth $2,398,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Taylor Hoffman Wealth Management bought a new position in NextEra Energy during the 4th quarter valued at about $106,000. D Orazio & Associates Inc. bought a new position in NextEra Energy during the 4th quarter valued at about $113,000. Risk Paradigm Group LLC increased its position in shares of NextEra Energy by 108.1% during the 3rd quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 442 shares during the last quarter. Archford Capital Strategies LLC increased its position in shares of NextEra Energy by 76.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 4,347 shares during the last quarter. Finally, Cerebellum GP LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at about $128,000. Institutional investors and hedge funds own 75.50% of the company’s stock.
Shares of NextEra Energy Inc (NYSE:NEE) opened at $152.31 on Friday. The stock has a market cap of $71,710.00, a P/E ratio of 20.81, a P/E/G ratio of 2.52 and a beta of 0.28. NextEra Energy Inc has a fifty-two week low of $127.09 and a fifty-two week high of $159.64. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.
NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the prior year, the company posted $1.21 earnings per share. The company’s revenue was up 8.4% compared to the same quarter last year. analysts predict that NextEra Energy Inc will post 7.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be issued a dividend of $1.11 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.98. This represents a $4.44 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is 53.69%.
Several equities research analysts have recently commented on NEE shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a research report on Tuesday, November 7th. Argus reaffirmed a “buy” rating and set a $173.00 price target on shares of NextEra Energy in a research report on Tuesday, December 5th. They noted that the move was a valuation call. Credit Suisse Group started coverage on shares of NextEra Energy in a research report on Thursday, December 7th. They set an “outperform” rating and a $173.00 price target for the company. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price target for the company in a research report on Tuesday, December 12th. Finally, Morgan Stanley upped their price target on shares of NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $161.56.
In other NextEra Energy news, EVP Charles E. Sieving sold 2,844 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $154.67, for a total transaction of $439,881.48. Following the completion of the sale, the executive vice president now directly owns 48,966 shares of the company’s stock, valued at approximately $7,573,571.22. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total transaction of $1,404,427.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,466 shares of company stock valued at $8,515,780. Insiders own 0.53% of the company’s stock.
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.
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.