Advisory Resource Group bought a new position in NextEra Energy Inc (NYSE:NEE) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,205 shares of the utilities provider’s stock, valued at approximately $1,079,000. NextEra Energy accounts for about 0.7% of Advisory Resource Group’s holdings, making the stock its 20th biggest holding.
Several other large investors have also added to or reduced their stakes in NEE. Axel Capital Management LLC grew its position in NextEra Energy by 33.3% during the 4th quarter. Axel Capital Management LLC now owns 24,000 shares of the utilities provider’s stock valued at $4,172,000 after purchasing an additional 6,000 shares during the last quarter. Sound View Wealth Advisors LLC purchased a new stake in NextEra Energy during the 4th quarter valued at about $1,555,000. JOYN Advisors Inc. grew its position in NextEra Energy by 25.5% during the 4th quarter. JOYN Advisors Inc. now owns 586 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 119 shares during the last quarter. NS Partners Ltd grew its position in NextEra Energy by 19.1% during the 4th quarter. NS Partners Ltd now owns 130,558 shares of the utilities provider’s stock valued at $22,694,000 after purchasing an additional 20,971 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in NextEra Energy by 2,612.0% during the 4th quarter. Bessemer Group Inc. now owns 221,623 shares of the utilities provider’s stock valued at $38,522,000 after purchasing an additional 213,451 shares during the last quarter. 75.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE NEE opened at $190.98 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 0.72. The stock has a market cap of $91.32 billion, a PE ratio of 24.80, a P/E/G ratio of 2.93 and a beta of 0.29. NextEra Energy Inc has a 52-week low of $155.06 and a 52-week high of $192.16.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 25th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). The company had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.84 billion. NextEra Energy had a net margin of 39.74% and a return on equity of 10.01%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 EPS. On average, equities research analysts forecast that NextEra Energy Inc will post 8.4 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 28th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Wednesday, February 27th. This is an increase from NextEra Energy’s previous quarterly dividend of $1.11. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.
Several brokerages recently commented on NEE. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 price objective on the stock in a research report on Wednesday, January 30th. Barclays increased their price objective on shares of NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a research report on Monday, November 19th. Credit Suisse Group increased their price objective on shares of NextEra Energy from $186.00 to $193.00 and gave the company an “outperform” rating in a research report on Wednesday, December 12th. Morgan Stanley increased their price objective on shares of NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a research report on Tuesday, February 12th. Finally, Guggenheim reissued a “buy” rating and set a $205.00 price objective on shares of NextEra Energy in a research report on Monday, January 7th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. NextEra Energy has an average rating of “Buy” and a consensus target price of $178.75.
In other news, EVP Deborah H. Caplan sold 3,054 shares of the firm’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $183.50, for a total transaction of $560,409.00. Following the sale, the executive vice president now owns 22,597 shares of the company’s stock, valued at approximately $4,146,549.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $170.23, for a total transaction of $272,368.00. Following the sale, the director now directly owns 20,100 shares in the company, valued at approximately $3,421,623. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,909 shares of company stock worth $11,666,919. Insiders own 0.55% of the company’s stock.
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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.
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