Greenwood Capital Associates LLC lessened its position in shares of NextEra Energy Inc (NYSE:NEE) by 2.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 26,655 shares of the utilities provider’s stock after selling 734 shares during the quarter. Greenwood Capital Associates LLC owned approximately 5,666.45% of NextEra Energy worth $3,906,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Hanson McClain Inc. boosted its holdings in shares of NextEra Energy by 6.0% during the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after buying an additional 43 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in shares of NextEra Energy by 8.9% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after buying an additional 71 shares in the last quarter. Archford Capital Strategies LLC boosted its holdings in shares of NextEra Energy by 76.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after buying an additional 4,347 shares in the last quarter. Highstreet Asset Management Inc. bought a new position in shares of NextEra Energy during the 2nd quarter worth approximately $134,000. Finally, Atlantic Trust LLC bought a new position in shares of NextEra Energy during the 2nd quarter worth approximately $154,000. 75.63% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on NEE. Argus increased their price target on NextEra Energy to $173.00 and gave the stock a “buy” rating in a report on Tuesday. They noted that the move was a valuation call. Royal Bank Of Canada restated a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a report on Tuesday, November 7th. Bank of America began coverage on NextEra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price target on the stock. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Finally, KeyCorp restated a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a report on Thursday, October 12th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $156.64.
In related news, EVP Charles E. Sieving sold 30,485 shares of the stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total value of $4,467,881.60. Following the completion of the sale, the executive vice president now directly owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph T. Kelliher sold 2,000 shares of the stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,385 shares of company stock worth $9,748,482. 0.53% of the stock is owned by company insiders.
Shares of NextEra Energy Inc (NEE) traded down $0.33 on Wednesday, hitting $155.64. The company had a trading volume of 1,702,500 shares, compared to its average volume of 1,683,303. NextEra Energy Inc has a 12 month low of $114.47 and a 12 month high of $159.28. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. The company has a market cap of $73,367.91, a PE ratio of 23.38, a P/E/G ratio of 3.11 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The company had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same period last year, the business earned $1.74 EPS. NextEra Energy’s quarterly revenue was up .1% compared to the same quarter last year. analysts anticipate that NextEra Energy Inc will post 6.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is currently 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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