Legacy Financial Advisors Inc. lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 7.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,516 shares of the utilities provider’s stock after selling 415 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in NextEra Energy were worth $417,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Schonfeld Strategic Advisors LLC grew its position in shares of NextEra Energy by 31.4% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 38,303 shares of the utilities provider’s stock worth $10,632,000 after buying an additional 9,159 shares during the last quarter. Rockland Trust Co. grew its position in shares of NextEra Energy by 285.9% in the 4th quarter. Rockland Trust Co. now owns 310,694 shares of the utilities provider’s stock worth $23,970,000 after buying an additional 230,180 shares during the last quarter. Bright Rock Capital Management LLC grew its position in shares of NextEra Energy by 300.0% in the 4th quarter. Bright Rock Capital Management LLC now owns 120,000 shares of the utilities provider’s stock worth $9,258,000 after buying an additional 90,000 shares during the last quarter. Park National Corp OH grew its position in shares of NextEra Energy by 550.5% in the 4th quarter. Park National Corp OH now owns 349,142 shares of the utilities provider’s stock worth $26,936,000 after buying an additional 295,468 shares during the last quarter. Finally, Thomasville National Bank grew its position in shares of NextEra Energy by 304.2% in the 4th quarter. Thomasville National Bank now owns 22,895 shares of the utilities provider’s stock worth $1,766,000 after buying an additional 17,231 shares during the last quarter. Institutional investors and hedge funds own 19.20% of the company’s stock.
Several analysts have weighed in on NEE shares. Credit Suisse Group raised shares of NextEra Energy from a “neutral” rating to an “outperform” rating and dropped their target price for the stock from $87.00 to $85.00 in a research report on Monday, March 15th. Bank of America reissued a “buy” rating and set a $81.00 target price on shares of NextEra Energy in a research report on Friday, January 15th. Mizuho boosted their target price on shares of NextEra Energy from $64.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 11th. Sanford C. Bernstein started coverage on shares of NextEra Energy in a report on Tuesday, March 9th. They set an “outperform” rating and a $88.00 target price for the company. Finally, Wells Fargo & Company upped their price objective on shares of NextEra Energy from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, January 27th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $78.83.
NEE opened at $76.70 on Tuesday. The firm has a 50 day moving average price of $76.41 and a 200 day moving average price of $78.07. The company has a market cap of $150.44 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 4.07 and a beta of 0.16. NextEra Energy, Inc. has a 1 year low of $55.65 and a 1 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.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, April 20th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.08. NextEra Energy had a net margin of 21.44% and a return on equity of 10.79%. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter last year, the company earned $0.59 earnings per share. NextEra Energy’s revenue for the quarter was down 19.2% on a year-over-year basis. On average, sell-side analysts predict that NextEra Energy, Inc. will post 2.3 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Friday, February 26th were paid a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Thursday, February 25th. NextEra Energy’s payout ratio is 73.68%.
In other NextEra Energy news, EVP Ronald R. Reagan sold 3,750 shares of the firm’s stock in a transaction on Thursday, April 15th. The stock was sold at an average price of $80.00, for a total value of $300,000.00. Following the sale, the executive vice president now directly owns 32,209 shares in the company, valued at $2,576,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric E. Silagy sold 9,268 shares of the firm’s stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $80.00, for a total value of $741,440.00. Following the transaction, the chief executive officer now directly owns 144,977 shares in the company, valued at $11,598,160. The disclosure for this sale can be found here. Insiders sold 192,680 shares of company stock worth $14,718,893 over the last quarter. 0.40% of the stock is currently owned by company insiders.
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 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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