Golden State Equity Partners bought a new position in NextEra Energy, Inc. (NYSE:NEE – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 16,736 shares of the utilities provider’s stock, valued at approximately $1,290,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charter Oak Capital Management LLC grew its holdings in NextEra Energy by 1.0% in the 1st quarter. Charter Oak Capital Management LLC now owns 13,474 shares of the utilities provider’s stock valued at $1,039,000 after buying an additional 130 shares during the last quarter. Horan Securities Inc. increased its position in NextEra Energy by 22.6% during the first quarter. Horan Securities Inc. now owns 710 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 131 shares during the period. Nvest Financial LLC increased its position in NextEra Energy by 1.1% during the first quarter. Nvest Financial LLC now owns 11,846 shares of the utilities provider’s stock worth $913,000 after acquiring an additional 132 shares during the period. White Pine Capital LLC boosted its holdings in NextEra Energy by 0.8% in the 1st quarter. White Pine Capital LLC now owns 16,348 shares of the utilities provider’s stock valued at $1,260,000 after purchasing an additional 135 shares during the period. Finally, Wimmer Associates 1 LLC grew its position in NextEra Energy by 3.6% in the 1st quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock worth $305,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.
Analyst Ratings Changes
NEE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on shares of NextEra Energy from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, August 30th. StockNews.com began coverage on NextEra Energy in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Morgan Stanley lowered their price objective on NextEra Energy from $93.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 23rd. The Goldman Sachs Group assumed coverage on NextEra Energy in a research report on Wednesday, June 7th. They issued a “buy” rating and a $90.00 target price for the company. Finally, Guggenheim decreased their price target on shares of NextEra Energy from $92.00 to $86.00 in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average price target of $87.90.
NextEra Energy Price Performance
NYSE:NEE traded up $0.83 on Wednesday, reaching $68.56. The stock had a trading volume of 3,956,373 shares, compared to its average volume of 8,132,370. The company has a quick ratio of 0.45, a current ratio of 0.53 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $138.75 billion, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 2.54 and a beta of 0.47. NextEra Energy, Inc. has a 1-year low of $65.36 and a 1-year high of $89.37. The stock has a fifty day moving average price of $70.05 and a 200-day moving average price of $73.47.
NextEra Energy (NYSE:NEE – Get Free Report) last announced its earnings results on Tuesday, July 25th. The utilities provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.81 by $0.07. The business had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $6.68 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 30.05%. During the same period in the previous year, the business earned $0.81 EPS. Research analysts forecast that NextEra Energy, Inc. will post 3.11 EPS for the current year.
NextEra Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, August 30th will be paid a $0.4675 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.73%. NextEra Energy’s dividend payout ratio (DPR) is presently 46.29%.
Insider Activity at NextEra Energy
In related news, Director Kirk S. Hachigian acquired 10,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were purchased at an average price of $67.95 per share, with a total value of $679,500.00. Following the acquisition, the director now directly owns 15,000 shares in the company, valued at $1,019,250. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director James Lawrence Camaren bought 4,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was bought at an average price of $67.85 per share, for a total transaction of $271,400.00. Following the completion of the transaction, the director now directly owns 8,000 shares in the company, valued at approximately $542,800. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kirk S. Hachigian purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of $67.95 per share, for a total transaction of $679,500.00. Following the acquisition, the director now owns 15,000 shares of the company’s stock, valued at $1,019,250. The disclosure for this purchase can be found here. 0.38% 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, coal, and natural gas facilities. 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.
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