Citizens Financial Group Inc RI increased its holdings in NextEra Energy Inc (NYSE:NEE) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 97,995 shares of the utilities provider’s stock after purchasing an additional 1,179 shares during the quarter. NextEra Energy accounts for approximately 1.2% of Citizens Financial Group Inc RI’s portfolio, making the stock its 21st largest position. Citizens Financial Group Inc RI’s holdings in NextEra Energy were worth $15,306,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Achmea Investment Management B.V. lifted its stake in NextEra Energy by 61.5% in the third quarter. Achmea Investment Management B.V. now owns 52,613 shares of the utilities provider’s stock worth $7,708,000 after acquiring an additional 20,028 shares during the period. Almanack Investment Partners LLC. lifted its stake in NextEra Energy by 64.6% in the second quarter. Almanack Investment Partners LLC. now owns 2,163 shares of the utilities provider’s stock worth $303,000 after acquiring an additional 849 shares during the period. AXA lifted its stake in NextEra Energy by 5.2% in the third quarter. AXA now owns 383,033 shares of the utilities provider’s stock worth $56,133,000 after acquiring an additional 19,060 shares during the period. Colony Group LLC lifted its stake in NextEra Energy by 806.4% in the second quarter. Colony Group LLC now owns 15,517 shares of the utilities provider’s stock worth $2,174,000 after acquiring an additional 13,805 shares during the period. Finally, South Dakota Investment Council purchased a new stake in NextEra Energy in the third quarter worth about $2,535,000. 75.24% of the stock is owned by institutional investors.
A number of research firms recently weighed in on NEE. Morgan Stanley lowered their price objective on shares of NextEra Energy from $172.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, February 13th. UBS Group began coverage on shares of NextEra Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $177.00 price objective for the company. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Guggenheim reaffirmed a “buy” rating and issued a $182.00 price objective on shares of NextEra Energy in a research note on Friday, January 26th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a research report on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $161.38.
Shares of NextEra Energy Inc (NYSE:NEE) opened at $156.05 on Monday. The company has a market cap of $73,410.00, a PE ratio of 13.74, a price-to-earnings-growth ratio of 2.58 and a beta of 0.28. NextEra Energy Inc has a 1 year low of $125.96 and a 1 year high of $159.64. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 1.07.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.06). The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.18 billion. NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 earnings per share. equities research analysts predict that NextEra Energy Inc will post 7.68 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be given a $1.11 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.98. This represents a $4.44 annualized dividend and a dividend yield of 2.85%. NextEra Energy’s dividend payout ratio (DPR) is presently 34.60%.
In related news, CEO Armando Pimentel, Jr. sold 9,250 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total value of $1,404,427.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the completion of the transaction, 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. Company insiders own 0.53% of the company’s stock.
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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