Intrust Bank NA increased its holdings in NextEra Energy Inc (NYSE:NEE) by 11.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,819 shares of the utilities provider’s stock after purchasing an additional 1,174 shares during the period. Intrust Bank NA’s holdings in NextEra Energy were worth $1,732,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Hanson McClain Inc. boosted its stake in NextEra Energy by 6.0% during the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after buying an additional 43 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in NextEra Energy by 8.9% during the first 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 during the period. Archford Capital Strategies LLC boosted its stake in NextEra Energy by 76.9% during the second 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 during the period. Highstreet Asset Management Inc. purchased a new position in NextEra Energy during the second quarter worth $134,000. Finally, Atlantic Trust LLC purchased a new position in NextEra Energy during the second quarter worth $154,000. Institutional investors own 75.63% of the company’s stock.
Several research firms have commented on NEE. Credit Suisse Group began coverage on shares of NextEra Energy in a research note on Thursday. They set an “outperform” rating and a $173.00 price objective for the company. Morgan Stanley lifted their price objective on shares of NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. Argus reaffirmed a “buy” rating and set a $173.00 price objective on shares of NextEra Energy in a research note on Tuesday. They noted that the move was a valuation call. J P Morgan Chase & Co started coverage on shares of NextEra Energy in a research note on Thursday, September 7th. They set an “overweight” rating and a $173.00 target price for the company. Finally, Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. NextEra Energy currently has a consensus rating of “Buy” and an average target price of $157.73.
Shares of NextEra Energy Inc (NYSE:NEE) traded up $0.40 on Friday, hitting $158.18. 1,452,100 shares of the stock were exchanged, compared to its average volume of 1,683,597. The stock has a market capitalization of $74,219.34, a price-to-earnings ratio of 23.66, a P/E/G ratio of 3.15 and a beta of 0.31. NextEra Energy Inc has a 1 year low of $114.85 and a 1 year high of $159.28. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The company had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same period in the prior year, the firm earned $1.74 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. equities analysts forecast that NextEra Energy Inc will post 6.73 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 44.16%.
In related news, EVP Charles E. Sieving sold 30,485 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were 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 $11,456,155.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the completion of the sale, the chief executive officer now directly owns 121,958 shares of the company’s stock, valued at $19,202,287.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 107,757 shares of company stock valued at $16,419,953. 0.53% of the stock is owned by insiders.
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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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