Friedberg Investment Management increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 14.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,515 shares of the company’s stock after purchasing an additional 4,601 shares during the period. NextEra Energy makes up about 2.3% of Friedberg Investment Management’s portfolio, making the stock its 15th biggest holding. Friedberg Investment Management’s holdings in NextEra Energy were worth $5,257,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in NEE. Northstar Wealth Partners LLC acquired a new stake in NextEra Energy during the 1st quarter worth approximately $215,000. Mason Street Advisors LLC lifted its holdings in NextEra Energy by 1.1% during the 1st quarter. Mason Street Advisors LLC now owns 64,616 shares of the company’s stock worth $8,295,000 after purchasing an additional 696 shares during the last quarter. Ifrah Financial Services Inc. acquired a new stake in NextEra Energy during the 1st quarter worth approximately $205,000. Pacer Advisors Inc. lifted its holdings in NextEra Energy by 7.2% during the 1st quarter. Pacer Advisors Inc. now owns 9,775 shares of the company’s stock worth $1,255,000 after purchasing an additional 657 shares during the last quarter. Finally, Buckingham Capital Management Inc. lifted its holdings in NextEra Energy by 4.5% during the 1st quarter. Buckingham Capital Management Inc. now owns 14,665 shares of the company’s stock worth $1,883,000 after purchasing an additional 630 shares during the last quarter. 75.23% of the stock is owned by institutional investors and hedge funds.
Several analysts recently weighed in on NEE shares. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a report on Tuesday, October 10th. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a report on Thursday, October 12th. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) initiated coverage on NextEra Energy in a report on Monday, July 24th. They issued a “buy” rating and a $160.00 price objective for the company. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $156.00 price objective on shares of NextEra Energy in a report on Tuesday, November 7th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$155.38.
In related news, EVP John W. Ketchum sold 2,900 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of C$150.00, for a total transaction of C$435,000.00. Following the sale, the executive vice president now owns 18,786 shares in the company, valued at approximately C$2,817,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of C$146.56, for a total value of C$4,467,881.60. Following the sale, the executive vice president now owns 78,167 shares in the company, valued at approximately C$11,456,155.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,385 shares of company stock worth $9,748,482. Corporate insiders own 0.53% of the company’s stock.
NextEra Energy, Inc. (NYSE NEE) opened at C$155.16 on Monday. NextEra Energy, Inc. has a 52 week low of C$110.49 and a 52 week high of C$156.80. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $72,986.90, a price-to-earnings ratio of 23.26, a PEG ratio of 3.09 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, October 26th. The company reported C$1.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.77 by C$0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The company had revenue of C$4.81 billion for the quarter, compared to analyst estimates of C$4.89 billion. During the same quarter last year, the company posted $1.74 EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. sell-side analysts expect that NextEra Energy, Inc. will post 6.73 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a $0.9825 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 annualized dividend and a dividend yield of 2.53%. NextEra Energy’s payout ratio is 44.16%.
NextEra Energy Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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