Stonebridge Capital Advisors LLC acquired a new position in shares of NextEra Energy Inc (NYSE:NEE) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,366 shares of the utilities provider’s stock, valued at approximately $213,000.
Other hedge funds also recently made changes to their positions in the company. Millennium Management LLC increased its position in NextEra Energy by 243.4% during the 4th quarter. Millennium Management LLC now owns 1,465,988 shares of the utilities provider’s stock worth $228,973,000 after purchasing an additional 1,039,072 shares in the last quarter. Standard Life Aberdeen plc increased its position in NextEra Energy by 104.7% during the 4th quarter. Standard Life Aberdeen plc now owns 1,666,351 shares of the utilities provider’s stock worth $260,326,000 after purchasing an additional 852,434 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in NextEra Energy by 26.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock worth $548,102,000 after purchasing an additional 777,351 shares in the last quarter. Patten Group Inc. increased its position in NextEra Energy by 7,613.6% during the 3rd quarter. Patten Group Inc. now owns 686,048 shares of the utilities provider’s stock worth $1,326,000 after purchasing an additional 677,154 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in NextEra Energy by 136.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 740,823 shares of the utilities provider’s stock worth $108,568,000 after purchasing an additional 426,932 shares in the last quarter. Institutional investors and hedge funds own 76.36% of the company’s stock.
In other news, CEO Armando Pimentel, Jr. sold 9,250 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total transaction of $1,404,427.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Miguel Arechabala sold 5,093 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $157.80, for a total value of $803,675.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,245 shares of company stock valued at $6,887,603. Company insiders own 0.53% of the company’s stock.
A number of analysts recently issued reports on NEE shares. Argus reissued a “buy” rating and set a $173.00 target price on shares of NextEra Energy in a research report on Tuesday, December 5th. They noted that the move was a valuation call. Credit Suisse Group began coverage on shares of NextEra Energy in a research report on Thursday, December 7th. They issued an “outperform” rating and a $173.00 price objective for the company. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a research report on Tuesday, December 12th. Morgan Stanley increased their price objective on shares of NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $177.00 price objective on shares of NextEra Energy in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $161.75.
NextEra Energy Inc (NYSE NEE) opened at $159.93 on Tuesday. The company has a market capitalization of $75,816.66, a P/E ratio of 14.04, a PEG ratio of 2.64 and a beta of 0.32. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.52 and a current ratio of 0.64. NextEra Energy Inc has a one year low of $127.09 and a one year high of $161.69.
NextEra Energy (NYSE:NEE) last released its 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 business 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 quarter last year, the company posted $1.21 earnings per share. sell-side analysts anticipate that NextEra Energy Inc will post 7.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th were paid a dividend of $1.11 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.98. This represents a $4.44 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is 38.98%.
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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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