First Trust Advisors LP decreased its position in shares of NextEra Energy Inc (NYSE:NEE) by 51.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,578 shares of the utilities provider’s stock after selling 271,344 shares during the quarter. First Trust Advisors LP’s holdings in NextEra Energy were worth $39,919,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Beach Investment Management LLC. boosted its holdings in shares of NextEra Energy by 1,572.6% during the 2nd quarter. Beach Investment Management LLC. now owns 163,583 shares of the utilities provider’s stock valued at $22,923,000 after acquiring an additional 153,803 shares in the last quarter. Heritage Trust Co boosted its holdings in shares of NextEra Energy by 2.0% during the 2nd quarter. Heritage Trust Co now owns 5,075 shares of the utilities provider’s stock valued at $711,000 after acquiring an additional 100 shares in the last quarter. Ffcm LLC boosted its holdings in shares of NextEra Energy by 6.6% during the 2nd quarter. Ffcm LLC now owns 17,647 shares of the utilities provider’s stock valued at $2,473,000 after acquiring an additional 1,085 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in shares of NextEra Energy by 20.5% during the 2nd quarter. Manchester Capital Management LLC now owns 1,233 shares of the utilities provider’s stock valued at $173,000 after acquiring an additional 210 shares in the last quarter. Finally, Argent Trust Co boosted its holdings in shares of NextEra Energy by 3.1% during the 2nd quarter. Argent Trust Co now owns 17,786 shares of the utilities provider’s stock valued at $2,492,000 after acquiring an additional 534 shares in the last quarter. 75.50% of the stock is currently owned by institutional investors.
In other news, CEO Armando Pimentel, Jr. sold 42,372 shares of NextEra Energy stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the completion of the transaction, the chief executive officer now directly owns 121,958 shares of the company’s stock, valued at approximately $19,202,287.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of NextEra Energy stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total value of $1,404,427.50. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same period last year, the business posted $1.21 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis. research analysts predict that NextEra Energy Inc will post 7.68 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be given a $1.11 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.98. This represents a $4.44 annualized dividend and a dividend yield of 2.85%. NextEra Energy’s dividend payout ratio (DPR) is 34.50%.
Several equities research analysts recently weighed in on NEE shares. Morgan Stanley raised their price objective on NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 target price on the stock in a report on Tuesday, December 12th. Bank of America began coverage on NextEra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $166.00 target price on the stock. Argus reaffirmed a “buy” rating and set a $173.00 target price on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. Finally, Credit Suisse Group began coverage on NextEra Energy in a report on Thursday, December 7th. They set an “outperform” rating and a $173.00 target price on the stock. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $161.38.
NextEra Energy Profile
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.
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