Huber Capital Management LLC decreased its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 9.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 13,000 shares of the utilities provider’s stock after selling 1,400 shares during the period. Huber Capital Management LLC’s holdings in NextEra Energy were worth $2,030,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of NEE. Taylor Hoffman Wealth Management acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $106,000. D Orazio & Associates Inc. acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $113,000. Risk Paradigm Group LLC raised its stake 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 worth $125,000 after buying an additional 442 shares during the period. Archford Capital Strategies LLC raised its stake 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 worth $128,000 after buying an additional 4,347 shares during the period. Finally, Cerebellum GP LLC acquired a new position in NextEra Energy in the 4th quarter valued at $128,000. Institutional investors and hedge funds own 76.50% of the company’s stock.
In other NextEra Energy news, insider Manoochehr K. Nazar sold 13,890 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $155.64, for a total transaction of $2,161,839.60. Following the completion of the sale, the insider now owns 142,429 shares of the company’s stock, valued at $22,167,649.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total value of $1,404,427.50. The disclosure for this sale can be found here. Insiders sold 25,984 shares of company stock valued at $4,006,149 over the last quarter. Insiders own 0.53% of the company’s stock.
Several research firms recently commented on NEE. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a research note on Tuesday, December 12th. Credit Suisse Group assumed coverage on NextEra Energy in a report on Thursday, December 7th. They set an “outperform” rating and a $173.00 price target for the company. Guggenheim reiterated a “buy” rating and set a $182.00 price target on shares of NextEra Energy in a report on Friday, January 26th. Morgan Stanley raised their target price on NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Finally, UBS Group started coverage on NextEra Energy in a report on Friday, February 2nd. They set a “buy” rating and a $177.00 target price for the company. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $161.75.
NextEra Energy Inc (NYSE NEE) traded up $3.34 during trading on Wednesday, hitting $158.01. The company had a trading volume of 3,063,527 shares, compared to its average volume of 2,230,000. The stock has a market capitalization of $74,390.00, a P/E ratio of 21.59, a PEG ratio of 2.54 and a beta of 0.32. NextEra Energy Inc has a 12-month low of $127.09 and a 12-month high of $159.64. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.52 and a current ratio of 0.64.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period last year, the firm earned $1.21 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year. research analysts expect that NextEra Energy Inc will post 7.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be paid a $1.11 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.98. This represents a $4.44 annualized dividend and a yield of 2.81%. The ex-dividend date is Monday, February 26th. NextEra Energy’s dividend payout ratio is presently 60.66%.
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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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