Banco Santander S.A. raised its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 201.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,306 shares of the utilities provider’s stock after buying an additional 30,301 shares during the period. Banco Santander S.A.’s holdings in NextEra Energy were worth $10,902,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Firestone Capital Management purchased a new stake in NextEra Energy during the fourth quarter valued at approximately $2,069,000. Lionsbridge Wealth Management LLC purchased a new stake in shares of NextEra Energy in the fourth quarter worth $25,000. Lion Street Advisors LLC purchased a new stake in shares of NextEra Energy in the first quarter worth $26,000. Bay Harbor Wealth Management LLC increased its stake in shares of NextEra Energy by 1,687.5% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 143 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 135 shares in the last quarter. Finally, Stonebridge Financial Planning Group LLC purchased a new stake in shares of NextEra Energy in the fourth quarter worth $36,000. 77.30% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on NEE shares. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $282.00 price objective for the company. in a research note on Wednesday, January 29th. Vertical Research started coverage on shares of NextEra Energy in a research note on Monday, February 24th. They issued a “sell” rating for the company. Barclays reduced their price objective on shares of NextEra Energy from $269.00 to $220.00 and set an “equal weight” rating for the company in a research note on Thursday, March 26th. UBS Group reduced their price objective on shares of NextEra Energy from $310.00 to $255.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Finally, BMO Capital Markets initiated coverage on shares of NextEra Energy in a research report on Wednesday, February 19th. They set an “outperform” rating and a $290.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $251.07.
In other news, CEO James L. Robo sold 70,968 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $227.05, for a total value of $16,113,284.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Lawrence Camaren bought 1,000 shares of the stock in a transaction dated Thursday, March 12th. The stock was purchased at an average price of $212.40 per share, with a total value of $212,400.00. Following the acquisition, the director now directly owns 35,330 shares in the company, valued at approximately $7,504,092. The disclosure for this purchase can be found here. Insiders sold a total of 90,639 shares of company stock valued at $20,863,319 in the last 90 days. Company insiders own 0.40% of the company’s stock.
NEE stock traded up $4.95 during trading on Friday, hitting $233.85. 1,488,731 shares of the company’s stock traded hands, compared to its average volume of 2,494,978. NextEra Energy Inc has a 52 week low of $174.80 and a 52 week high of $283.35. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.61 and a current ratio of 0.71. The business has a fifty day simple moving average of $233.66 and a 200 day simple moving average of $242.06. The stock has a market capitalization of $112.04 billion, a price-to-earnings ratio of 32.39, a P/E/G ratio of 3.27 and a beta of 0.20.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, April 22nd. The utilities provider reported $2.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.26 by $0.12. NextEra Energy had a net margin of 17.77% and a return on equity of 10.38%. The business had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.88 billion. During the same quarter last year, the business earned $2.20 earnings per share. NextEra Energy’s quarterly revenue was up 13.2% compared to the same quarter last year. Research analysts forecast that NextEra Energy Inc will post 9.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Tuesday, June 2nd will be issued a $1.40 dividend. The ex-dividend date is Monday, June 1st. This represents a $5.60 annualized dividend and a dividend yield of 2.39%. NextEra Energy’s dividend payout ratio (DPR) is presently 66.91%.
About NextEra Energy
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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