Financial Management Professionals Inc. grew its stake in NextEra Energy Inc (NYSE:NEE) by 50.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 450 shares of the utilities provider’s stock after purchasing an additional 150 shares during the quarter. Financial Management Professionals Inc.’s holdings in NextEra Energy were worth $105,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. TRUE Private Wealth Advisors bought a new position in NextEra Energy in the 2nd quarter valued at about $25,000. Krane Funds Advisors LLC bought a new position in NextEra Energy in the 2nd quarter valued at about $25,000. Manchester Financial Inc. bought a new position in NextEra Energy in the 2nd quarter valued at about $26,000. Mackey Komara & Dankovich LLC increased its holdings in NextEra Energy by 446.4% in the 2nd quarter. Mackey Komara & Dankovich LLC now owns 765 shares of the utilities provider’s stock valued at $29,000 after buying an additional 625 shares during the period. Finally, First PREMIER Bank bought a new position in NextEra Energy in the 3rd quarter valued at about $33,000. 76.09% of the stock is currently owned by institutional investors.
NYSE:NEE traded down $2.46 during mid-day trading on Friday, hitting $229.54. 2,074,288 shares of the company’s stock were exchanged, compared to its average volume of 2,084,687. The company has a 50 day simple moving average of $224.84 and a 200-day simple moving average of $207.46. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.88. NextEra Energy Inc has a fifty-two week low of $164.78 and a fifty-two week high of $234.27. The firm has a market capitalization of $110.18 billion, a P/E ratio of 29.81, a PEG ratio of 3.43 and a beta of 0.18.
NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 EPS for the quarter, topping the consensus estimate of $2.28 by $0.07. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The business had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same period last year, the company earned $2.08 EPS. The firm’s revenue was up 22.3% compared to the same quarter last year. As a group, analysts expect that NextEra Energy Inc will post 8.38 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 29th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $5.00 annualized dividend and a yield of 2.18%. NextEra Energy’s payout ratio is 64.94%.
In other NextEra Energy news, CEO James L. Robo sold 44,537 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $216.85, for a total transaction of $9,657,848.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $231.32, for a total transaction of $370,112.00. Following the transaction, the director now owns 16,237 shares of the company’s stock, valued at approximately $3,755,942.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,576 shares of company stock valued at $21,514,886. Company insiders own 0.48% of the company’s stock.
Several research firms have commented on NEE. Bank of America raised their target price on shares of NextEra Energy from $215.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Morgan Stanley set a $233.00 price target on shares of NextEra Energy and gave the company a “buy” rating in a research note on Friday, August 16th. Guggenheim raised their price target on shares of NextEra Energy from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday. Credit Suisse Group raised their price target on shares of NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, UBS Group raised their price target on shares of NextEra Energy from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. NextEra Energy has a consensus rating of “Buy” and an average target price of $219.85.
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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