Bard Financial Services Inc. acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, Holdings Channel.com reports. The firm acquired 21,910 shares of the utilities provider’s stock, valued at approximately $1,690,000.
Several other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of NextEra Energy in the fourth quarter valued at $2,351,012,000. Northern Trust Corp lifted its position in shares of NextEra Energy by 290.1% in the fourth quarter. Northern Trust Corp now owns 25,759,220 shares of the utilities provider’s stock valued at $1,987,325,000 after acquiring an additional 19,155,193 shares in the last quarter. Bank of New York Mellon Corp increased its stake in NextEra Energy by 293.5% in the fourth quarter. Bank of New York Mellon Corp now owns 20,373,747 shares of the utilities provider’s stock valued at $1,571,834,000 after purchasing an additional 15,195,906 shares during the last quarter. California Public Employees Retirement System increased its stake in NextEra Energy by 287.6% in the fourth quarter. California Public Employees Retirement System now owns 15,819,335 shares of the utilities provider’s stock valued at $1,220,462,000 after purchasing an additional 11,737,595 shares during the last quarter. Finally, Bahl & Gaynor Inc. increased its stake in NextEra Energy by 637.5% in the fourth quarter. Bahl & Gaynor Inc. now owns 15,271,969 shares of the utilities provider’s stock valued at $1,178,232,000 after purchasing an additional 13,201,254 shares during the last quarter. Institutional investors and hedge funds own 19.20% of the company’s stock.
Several equities analysts recently commented on NEE shares. Wells Fargo & Company upped their target price on NextEra Energy from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, January 27th. Morgan Stanley dropped their target price on NextEra Energy from $77.00 to $66.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 16th. Credit Suisse Group upgraded NextEra Energy from a “neutral” rating to an “outperform” rating and dropped their target price for the company from $87.00 to $85.00 in a research note on Monday, March 15th. Sanford C. Bernstein assumed coverage on NextEra Energy in a research note on Tuesday, March 9th. They issued an “outperform” rating and a $88.00 target price for the company. Finally, Bank of America restated a “buy” rating and set a $81.00 price target on shares of NextEra Energy in a research note on Friday, January 15th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $78.18.
In other NextEra Energy news, CEO Eric E. Silagy sold 8,172 shares of the stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $77.04, for a total transaction of $629,570.88. Following the transaction, the chief executive officer now owns 168,376 shares of the company’s stock, valued at approximately $12,971,687.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Eric E. Silagy sold 4,764 shares of the stock in a transaction that occurred on Thursday, April 1st. The stock was sold at an average price of $76.13, for a total value of $362,683.32. Following the transaction, the chief executive officer now directly owns 176,548 shares in the company, valued at approximately $13,440,599.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 165,531 shares of company stock worth $12,575,235. 0.40% of the stock is currently owned by company insiders.
Shares of NEE opened at $77.41 on Thursday. The company has a market capitalization of $151.84 billion, a P/E ratio of 39.00, a P/E/G ratio of 4.07 and a beta of 0.16. NextEra Energy, Inc. has a one year low of $55.65 and a one year high of $87.69. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.48 and a current ratio of 0.57. The stock has a 50-day moving average price of $74.55 and a 200 day moving average price of $77.20.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Monday, January 25th. The utilities provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $5.71 billion. NextEra Energy had a return on equity of 10.79% and a net margin of 21.44%. NextEra Energy’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 earnings per share. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 2.3 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Friday, February 26th were issued a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Thursday, February 25th. NextEra Energy’s dividend payout ratio is presently 73.68%.
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 fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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