Hudson Valley Investment Advisors Inc. ADV bought a new stake in NextEra Energy Inc (NYSE:NEE) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,804 shares of the utilities provider’s stock, valued at approximately $805,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. WINTON GROUP Ltd raised its position in NextEra Energy by 41.4% during the 2nd quarter. WINTON GROUP Ltd now owns 76,899 shares of the utilities provider’s stock valued at $12,844,000 after purchasing an additional 22,516 shares during the last quarter. Hilltop Holdings Inc. raised its position in NextEra Energy by 34.8% during the 2nd quarter. Hilltop Holdings Inc. now owns 3,650 shares of the utilities provider’s stock valued at $610,000 after purchasing an additional 942 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in NextEra Energy by 5,091.9% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 17,237 shares of the utilities provider’s stock valued at $1,465,000 after purchasing an additional 16,905 shares during the last quarter. Greystone Managed Investments Inc. raised its position in NextEra Energy by 10.5% during the 2nd quarter. Greystone Managed Investments Inc. now owns 84,645 shares of the utilities provider’s stock valued at $14,138,000 after purchasing an additional 8,074 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in NextEra Energy by 38.0% during the 2nd quarter. Captrust Financial Advisors now owns 6,287 shares of the utilities provider’s stock valued at $1,050,000 after purchasing an additional 1,732 shares during the last quarter. 76.27% of the stock is owned by institutional investors.
NEE stock opened at $169.36 on Friday. NextEra Energy Inc has a fifty-two week low of $145.10 and a fifty-two week high of $175.66. The company has a current ratio of 0.58, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78. The company has a market cap of $79.04 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 2.58 and a beta of 0.20.
NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 25th. The utilities provider reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.05. NextEra Energy had a return on equity of 10.49% and a net margin of 49.10%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.51 billion. During the same quarter in the prior year, the business earned $1.86 EPS. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. On average, analysts expect that NextEra Energy Inc will post 7.76 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be issued a dividend of $1.11 per share. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.62%. NextEra Energy’s dividend payout ratio (DPR) is 66.27%.
A number of research analysts have commented on the company. Wells Fargo & Co upped their price target on NextEra Energy from $180.00 to $191.00 and gave the company an “outperform” rating in a research report on Monday, September 17th. Morgan Stanley upped their price target on NextEra Energy from $181.00 to $186.00 and gave the company a “buy” rating in a research report on Tuesday, September 11th. Mizuho initiated coverage on NextEra Energy in a research report on Monday, August 13th. They set a “buy” rating and a $184.00 price target for the company. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 target price on the stock in a report on Wednesday, August 8th. Finally, KeyCorp upped their target price on NextEra Energy from $168.00 to $178.00 and gave the stock an “overweight” rating in a report on Thursday, July 19th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $170.64.
In related news, Treasurer Paul I. Cutler sold 7,639 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $173.30, for a total value of $1,323,838.70. Following the sale, the treasurer now owns 98,914 shares in the company, valued at approximately $17,141,796.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $167.00, for a total value of $267,200.00. Following the completion of the sale, the director now owns 21,300 shares in the company, valued at approximately $3,557,100. The disclosure for this sale can be found here. Insiders sold a total of 74,024 shares of company stock worth $12,742,375 in the last 90 days. 0.55% of the stock is currently owned by company insiders.
NextEra Energy Company 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.
Featured Story: What kind of dividend yield to CEF’s pay?
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.