Kornitzer Capital Management Inc. KS Grows Position in NextEra Energy, Inc. $NEE

Kornitzer Capital Management Inc. KS boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 17.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,003 shares of the utilities provider’s stock after acquiring an additional 600 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in NextEra Energy were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arkfeld Wealth Strategies L.L.C. raised its position in NextEra Energy by 0.9% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after purchasing an additional 136 shares during the last quarter. Pine Haven Investment Counsel Inc raised its holdings in shares of NextEra Energy by 2.3% in the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after buying an additional 140 shares during the last quarter. McKinley Carter Wealth Services Inc. raised its holdings in shares of NextEra Energy by 0.4% in the second quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock valued at $2,355,000 after buying an additional 142 shares during the last quarter. Tradition Wealth Management LLC boosted its stake in shares of NextEra Energy by 2.2% during the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock worth $470,000 after buying an additional 143 shares during the period. Finally, Tandem Capital Management Corp ADV grew its holdings in shares of NextEra Energy by 1.5% during the second quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock worth $692,000 after buying an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Melius assumed coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target on the stock. TD Cowen initiated coverage on NextEra Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $98.00 target price on the stock. Mizuho set a $78.00 price target on NextEra Energy in a report on Thursday, August 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of NextEra Energy in a research report on Tuesday, October 14th. Finally, Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $88.38.

NextEra Energy Stock Up 1.4%

NextEra Energy stock opened at $84.42 on Monday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.74. The company has a market cap of $173.85 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. The stock’s 50 day moving average price is $76.64 and its 200 day moving average price is $72.88.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, November 21st. NextEra Energy’s payout ratio is presently 79.37%.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Dunne sold 10,000 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the transaction, the executive vice president directly owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,028 shares of company stock valued at $1,738,973 in the last ninety days. 0.18% 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,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.