Chemical Bank lowered its position in shares of NextEra Energy Inc (NYSE:NEE) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,674 shares of the utilities provider’s stock after selling 1,518 shares during the quarter. Chemical Bank’s holdings in NextEra Energy were worth $3,697,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Achmea Investment Management B.V. lifted its holdings in NextEra Energy by 61.5% during the third quarter. Achmea Investment Management B.V. now owns 52,613 shares of the utilities provider’s stock valued at $7,708,000 after purchasing an additional 20,028 shares in the last quarter. AXA lifted its holdings in NextEra Energy by 5.2% during the third quarter. AXA now owns 383,033 shares of the utilities provider’s stock valued at $56,133,000 after purchasing an additional 19,060 shares in the last quarter. South Dakota Investment Council purchased a new position in NextEra Energy during the third quarter valued at approximately $2,535,000. Ninepoint Partners LP purchased a new position in NextEra Energy during the third quarter valued at approximately $449,000. Finally, Belpointe Asset Management LLC purchased a new position in shares of NextEra Energy in the third quarter worth $286,000. 76.36% of the stock is currently owned by institutional investors and hedge funds.
Shares of NextEra Energy Inc (NEE) opened at $161.89 on Friday. NextEra Energy Inc has a 1 year low of $127.09 and a 1 year high of $164.25. The firm has a market cap of $75,524.77, a price-to-earnings ratio of 14.21, a P/E/G ratio of 2.63 and a beta of 0.32. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.52.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the prior year, the firm posted $1.21 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. analysts forecast that NextEra Energy Inc will post 7.73 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, February 27th were given a $1.11 dividend. This represents a $4.44 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.98. NextEra Energy’s payout ratio is currently 38.98%.
In other NextEra Energy news, Director James L. Robo sold 18,000 shares of the business’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $160.89, for a total transaction of $2,896,020.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total transaction of $1,404,427.50. The disclosure for this sale can be found here. Insiders sold 62,245 shares of company stock worth $9,783,623 in the last 90 days. 0.53% of the stock is currently owned by company insiders.
Several equities analysts have recently commented on the stock. Morgan Stanley lowered their target price on shares of NextEra Energy from $170.00 to $168.00 and set an “overweight” rating on the stock in a report on Thursday, March 8th. ValuEngine raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $172.00 target price on the stock in a report on Wednesday, February 21st. UBS assumed coverage on shares of NextEra Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $177.00 target price on the stock. Finally, Guggenheim reissued a “buy” rating and issued a $182.00 target price on shares of NextEra Energy in a report on Friday, January 26th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $163.13.
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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