Sound View Wealth Advisors LLC purchased a new position in shares of NextEra Energy Inc (NYSE:NEE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,944 shares of the utilities provider’s stock, valued at approximately $1,555,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in NEE. Acima Private Wealth LLC purchased a new position in shares of NextEra Energy during the 4th quarter worth approximately $39,000. Westside Investment Management Inc. boosted its position in shares of NextEra Energy by 62.9% during the 4th quarter. Westside Investment Management Inc. now owns 259 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 100 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of NextEra Energy during the 4th quarter worth approximately $46,000. Contravisory Investment Management Inc. boosted its position in NextEra Energy by 161.8% in the 4th quarter. Contravisory Investment Management Inc. now owns 288 shares of the utilities provider’s stock valued at $50,000 after buying an additional 178 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in NextEra Energy by 17,067.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock valued at $51,000 after buying an additional 8,771,018 shares during the period. Institutional investors and hedge funds own 75.98% of the company’s stock.
Shares of NEE opened at $190.98 on Friday. NextEra Energy Inc has a twelve month low of $155.06 and a twelve month high of $192.16. The firm has a market capitalization of $91.32 billion, a PE ratio of 24.80, a PEG ratio of 2.93 and a beta of 0.29. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 0.72.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 25th. The utilities provider reported $1.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.02). NextEra Energy had a net margin of 39.74% and a return on equity of 10.01%. The firm had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.84 billion. During the same quarter in the previous year, the business posted $1.25 earnings per share. NextEra Energy’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities analysts expect that NextEra Energy Inc will post 8.4 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 28th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.62%. This is a positive change from NextEra Energy’s previous quarterly dividend of $1.11. The ex-dividend date is Wednesday, February 27th. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.
NEE has been the subject of several recent research reports. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Morgan Stanley raised their price target 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. Guggenheim reissued a “buy” rating and issued a $205.00 price target on shares of NextEra Energy in a research report on Monday, January 7th. Credit Suisse Group raised their price target 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. Finally, Barclays raised their price target 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. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $180.50.
In other news, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $170.23, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Manoochehr K. Nazar sold 36,807 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $189.87, for a total transaction of $6,988,545.09. Following the completion of the sale, the insider now owns 149,034 shares in the company, valued at $28,297,085.58. The disclosure for this sale can be found here. Insiders sold a total of 61,909 shares of company stock worth $11,666,919 over the last 90 days. Company insiders own 0.55% of the company’s stock.
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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.
See Also: Hedge Funds
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