Bank of The Ozarks purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,590 shares of the utilities provider’s stock, valued at approximately $204,000.
Other large investors have also made changes to their positions in the company. Pinnacle Bank purchased a new position in NextEra Energy during the first quarter valued at $161,000. Norway Savings Bank boosted its position in NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock valued at $172,000 after buying an additional 18 shares during the last quarter. Baystate Wealth Management LLC boosted its position in NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock valued at $174,000 after buying an additional 441 shares during the last quarter. Appleton Group LLC purchased a new position in NextEra Energy during the first quarter valued at $202,000. Finally, Ifrah Financial Services Inc. purchased a new position in NextEra Energy during the first quarter valued at $205,000. 76.97% of the stock is owned by institutional investors and hedge funds.
NextEra Energy, Inc. (NYSE:NEE) traded up 0.36% during trading on Tuesday, hitting $146.62. The company had a trading volume of 307,628 shares. The stock has a market capitalization of $68.80 billion, a price-to-earnings ratio of 16.79 and a beta of 0.31. The company’s 50 day moving average price is $141.89 and its 200-day moving average price is $133.59. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $146.98.
NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.10. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. NextEra Energy’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.67 EPS. On average, analysts expect that NextEra Energy, Inc. will post $6.72 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a yield of 2.69%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio is presently 45.02%.
COPYRIGHT VIOLATION NOTICE: “Bank of The Ozarks Purchases Shares of 1,590 NextEra Energy, Inc. (NYSE:NEE)” was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://stocknewstimes.com/2017/08/01/1590-shares-in-nextera-energy-inc-nysenee-acquired-by-bank-of-the-ozarks-updated.html.
A number of research analysts recently commented on the company. UBS AG restated a “buy” rating and issued a $143.00 price target (up previously from $138.00) on shares of NextEra Energy in a research report on Tuesday, April 18th. Wells Fargo & Company restated an “outperform” rating and issued a $158.00 price target (up previously from $150.00) on shares of NextEra Energy in a research report on Monday, June 19th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $147.00 price objective (up from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. BidaskClub lowered NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $150.00 price objective (up from $139.00) on shares of NextEra Energy in a research note on Sunday, April 23rd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. NextEra Energy has an average rating of “Buy” and a consensus target price of $148.18.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 5,680 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $133.11, for a total value of $756,064.80. Following the completion of the sale, the chief executive officer now owns 79,586 shares in the company, valued at approximately $10,593,692.46. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Eric E. Silagy sold 8,111 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total value of $1,140,244.38. Following the transaction, the director now directly owns 26,884 shares of the company’s stock, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. Insiders have sold a total of 66,111 shares of company stock valued at $9,036,943 over the last 90 days. 0.53% of the stock is currently owned by company insiders.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
Receive News & Ratings for NextEra Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
