Quotient Investors LLC purchased a new position in shares of NextEra Energy Inc (NYSE:NEE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,584 shares of the utilities provider’s stock, valued at approximately $525,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of NEE. Wayne Hummer Investments L.L.C. increased its holdings in shares of NextEra Energy by 95.1% in the 1st quarter. Wayne Hummer Investments L.L.C. now owns 4,862 shares of the utilities provider’s stock valued at $624,000 after acquiring an additional 2,370 shares during the last quarter. Atlantic Trust Group LLC grew its stake in NextEra Energy by 0.3% during the 1st quarter. Atlantic Trust Group LLC now owns 641,175 shares of the utilities provider’s stock worth $82,308,000 after buying an additional 2,103 shares during the last quarter. Ruggie Capital Group purchased a new position in NextEra Energy during the 1st quarter worth approximately $191,000. Sandy Spring Bank grew its stake in NextEra Energy by 0.3% during the 1st quarter. Sandy Spring Bank now owns 26,529 shares of the utilities provider’s stock worth $3,405,000 after buying an additional 77 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in NextEra Energy by 5.4% during the 1st quarter. Schroder Investment Management Group now owns 735,587 shares of the utilities provider’s stock worth $94,251,000 after buying an additional 37,531 shares during the last quarter. Institutional investors own 75.63% of the company’s stock.
NextEra Energy Inc (NEE) traded up $2.14 during trading on Wednesday, reaching $157.78. The company’s stock had a trading volume of 1,983,880 shares, compared to its average volume of 1,684,581. The stock has a market capitalization of $73,367.91, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 3.11 and a beta of 0.31. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11. NextEra Energy Inc has a one year low of $114.80 and a one year high of $159.28.
NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.08. The firm had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.74 earnings per share. research analysts anticipate that NextEra Energy Inc will post 6.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is presently 44.16%.
In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total transaction of $4,545,600.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joseph T. Kelliher sold 2,000 shares of the business’s stock in a transaction dated Wednesday, October 11th. The stock was 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. In the last 90 days, insiders have sold 65,385 shares of company stock worth $9,748,482. 0.53% of the stock is currently owned by insiders.
A number of analysts have weighed in on NEE shares. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Morgan Stanley raised their price target on NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. KeyCorp reissued a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a report on Friday, September 1st. Finally, J P Morgan Chase & Co began coverage on NextEra Energy in a report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $156.64.
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About NextEra Energy
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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