Axel Capital Management LLC increased its position in shares of NextEra Energy Inc (NYSE:NEE) by 33.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,000 shares of the utilities provider’s stock after purchasing an additional 6,000 shares during the period. NextEra Energy accounts for 2.8% of Axel Capital Management LLC’s portfolio, making the stock its 5th largest holding. Axel Capital Management LLC’s holdings in NextEra Energy were worth $4,172,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Miller Howard Investments Inc. NY increased its holdings in NextEra Energy by 0.5% in the 4th quarter. Miller Howard Investments Inc. NY now owns 11,662 shares of the utilities provider’s stock valued at $2,027,000 after acquiring an additional 56 shares during the last quarter. Legacy Financial Advisors Inc. increased its holdings in NextEra Energy by 8.8% in the 4th quarter. Legacy Financial Advisors Inc. now owns 794 shares of the utilities provider’s stock valued at $138,000 after acquiring an additional 64 shares during the last quarter. BTR Capital Management Inc. increased its holdings in NextEra Energy by 0.9% in the 4th quarter. BTR Capital Management Inc. now owns 7,669 shares of the utilities provider’s stock valued at $1,333,000 after acquiring an additional 65 shares during the last quarter. Berkshire Asset Management LLC PA increased its holdings in NextEra Energy by 0.5% in the 4th quarter. Berkshire Asset Management LLC PA now owns 12,080 shares of the utilities provider’s stock valued at $2,100,000 after acquiring an additional 65 shares during the last quarter. Finally, Cornerstone Advisors Inc. increased its holdings in NextEra Energy by 7.4% in the 4th quarter. Cornerstone Advisors Inc. now owns 960 shares of the utilities provider’s stock valued at $167,000 after acquiring an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 75.98% of the company’s stock.
In related news, insider Manoochehr K. Nazar sold 36,807 shares of NextEra Energy stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $189.87, for a total transaction of $6,988,545.09. Following the completion of the transaction, the insider now directly owns 149,034 shares of the company’s stock, valued at approximately $28,297,085.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $170.23, for a total transaction of $272,368.00. Following the transaction, the director now directly owns 20,100 shares of the company’s stock, valued at $3,421,623. The disclosure for this sale can be found here. Insiders sold a total of 61,909 shares of company stock valued at $11,666,919 over the last three months. Corporate insiders own 0.55% of the company’s stock.
Shares of NYSE:NEE opened at $190.98 on Friday. NextEra Energy Inc has a 52 week low of $155.06 and a 52 week high of $192.16. The firm has a market capitalization of $91.32 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 2.93 and a beta of 0.29. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.36 and a quick ratio of 0.29.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 25th. The utilities provider reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. The business had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.84 billion. During the same period in the previous year, the business earned $1.25 earnings per share. The business’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, research analysts expect that NextEra Energy Inc will post 8.4 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be paid a $1.25 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $1.11. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Wednesday, February 27th. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.
NEE has been the topic of a number of research reports. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $204.00 price target on the stock in a report on Monday, December 17th. Guggenheim reiterated a “buy” rating and issued a $205.00 price target on shares of NextEra Energy in a report on Monday, January 7th. Barclays lifted their price target on shares of NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a report on Monday, November 19th. Credit Suisse Group lifted their price objective on shares of NextEra Energy from $186.00 to $193.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 12th. Finally, Morgan Stanley lifted their price objective on shares of NextEra Energy from $184.00 to $188.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 12th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $178.75.
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NextEra Energy Company Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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