Bayesian Capital Management LP Invests $310,000 in NextEra Energy Inc (NEE) Stock

Bayesian Capital Management LP acquired a new stake in shares of NextEra Energy Inc (NYSE:NEE) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,900 shares of the utilities provider’s stock, valued at approximately $310,000.

Other large investors also recently modified their holdings of the company. First Allied Advisory Services Inc. raised its stake in shares of NextEra Energy by 8.2% during the 4th quarter. First Allied Advisory Services Inc. now owns 7,883 shares of the utilities provider’s stock worth $1,230,000 after purchasing an additional 596 shares during the period. Clifford Swan Investment Counsel LLC raised its stake in shares of NextEra Energy by 41.2% during the 4th quarter. Clifford Swan Investment Counsel LLC now owns 10,289 shares of the utilities provider’s stock worth $1,607,000 after purchasing an additional 3,000 shares during the period. Wealthfront Inc. raised its stake in shares of NextEra Energy by 25.3% during the 4th quarter. Wealthfront Inc. now owns 22,518 shares of the utilities provider’s stock worth $3,517,000 after purchasing an additional 4,552 shares during the period. Mariner Wealth Advisors LLC raised its stake in shares of NextEra Energy by 17.2% during the 4th quarter. Mariner Wealth Advisors LLC now owns 10,653 shares of the utilities provider’s stock worth $1,664,000 after purchasing an additional 1,566 shares during the period. Finally, Homrich & Berg raised its stake in shares of NextEra Energy by 11.8% during the 4th quarter. Homrich & Berg now owns 5,234 shares of the utilities provider’s stock worth $817,000 after purchasing an additional 551 shares during the period. Institutional investors and hedge funds own 75.89% of the company’s stock.

Shares of NextEra Energy opened at $160.41 on Tuesday, Marketbeat reports. NextEra Energy Inc has a 52-week low of $138.00 and a 52-week high of $166.62. The stock has a market capitalization of $75.11 billion, a P/E ratio of 23.94, a PEG ratio of 2.39 and a beta of 0.25. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 24th. The utilities provider reported $1.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.16. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $4.15 billion. NextEra Energy had a return on equity of 10.91% and a net margin of 48.13%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.75 EPS. sell-side analysts forecast that NextEra Energy Inc will post 7.73 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Tuesday, June 5th were issued a dividend of $1.11 per share. This represents a $4.44 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Monday, June 4th. NextEra Energy’s payout ratio is presently 66.27%.

A number of research firms have recently commented on NEE. ValuEngine cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. Morgan Stanley boosted their price objective on NextEra Energy from $168.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, April 16th. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $167.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 10th. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $172.00 price objective on the stock in a research note on Wednesday, February 21st. Finally, KeyCorp boosted their price objective on NextEra Energy from $165.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, April 18th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. NextEra Energy currently has a consensus rating of “Buy” and an average price target of $168.54.

In other NextEra Energy news, Director James L. Robo sold 81,489 shares of NextEra Energy stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $156.81, for a total transaction of $12,778,290.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eric E. Silagy sold 11,114 shares of NextEra Energy stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $160.82, for a total value of $1,787,353.48. Following the transaction, the director now directly owns 25,898 shares of the company’s stock, valued at approximately $4,164,916.36. The disclosure for this sale can be found here. Insiders have sold a total of 118,939 shares of company stock valued at $18,698,946 in the last ninety days. Insiders own 0.55% of the company’s stock.

NextEra Energy Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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