Colonial Trust Advisors increased its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,435 shares of the utilities provider’s stock after acquiring an additional 363 shares during the quarter. Colonial Trust Advisors’ holdings in NextEra Energy were worth $1,161,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Millennium Management LLC raised its stake in shares of NextEra Energy by 243.4% in the fourth quarter. Millennium Management LLC now owns 1,465,988 shares of the utilities provider’s stock valued at $228,973,000 after buying an additional 1,039,072 shares during the period. Standard Life Aberdeen plc raised its stake in shares of NextEra Energy by 104.7% in the fourth quarter. Standard Life Aberdeen plc now owns 1,666,351 shares of the utilities provider’s stock valued at $260,326,000 after buying an additional 852,434 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of NextEra Energy by 26.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock valued at $548,102,000 after buying an additional 777,351 shares during the period. Patten Group Inc. raised its stake in shares of NextEra Energy by 7,613.6% in the third quarter. Patten Group Inc. now owns 686,048 shares of the utilities provider’s stock valued at $1,326,000 after buying an additional 677,154 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in shares of NextEra Energy by 136.0% in the third quarter. Canada Pension Plan Investment Board now owns 740,823 shares of the utilities provider’s stock valued at $108,568,000 after buying an additional 426,932 shares during the period. Institutional investors and hedge funds own 76.36% of the company’s stock.
In related news, Director James L. Robo sold 18,000 shares of the business’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $160.89, for a total transaction of $2,896,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the business’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. Over the last 90 days, insiders have sold 62,245 shares of company stock valued at $9,783,623. 0.53% of the stock is owned by company insiders.
NextEra Energy Inc (NYSE NEE) opened at $161.89 on Friday. The firm has a market capitalization of $75,524.77, a price-to-earnings ratio of 14.21, a PEG ratio of 2.63 and a beta of 0.32. NextEra Energy Inc has a 52-week low of $127.09 and a 52-week high of $164.25. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.52.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.06). The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.18 billion. NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. NextEra Energy’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 earnings per share. analysts anticipate that NextEra Energy Inc will post 7.73 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th were given a $1.11 dividend. The ex-dividend date was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.98. This represents a $4.44 annualized dividend and a dividend yield of 2.74%. NextEra Energy’s payout ratio is 38.98%.
Several brokerages have issued reports on NEE. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Morgan Stanley lowered their target price on NextEra Energy from $172.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 13th. Argus restated a “buy” rating and issued a $173.00 target price on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Guggenheim restated a “buy” rating and issued a $182.00 target price on shares of NextEra Energy in a research note on Friday, January 26th. Finally, UBS began coverage on NextEra Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $177.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $163.13.
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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