LVW Advisors LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,614 shares of the utilities provider’s stock after purchasing an additional 659 shares during the period. LVW Advisors LLC’s holdings in NextEra Energy were worth $2,949,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Hoey Investments Inc. purchased a new stake in NextEra Energy in the 2nd quarter valued at about $26,000. Urban Wealth Management LLC purchased a new stake in shares of NextEra Energy in the second quarter valued at approximately $28,000. SRS Capital Advisors Inc. grew its stake in NextEra Energy by 70.8% in the second quarter. SRS Capital Advisors Inc. now owns 386 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 160 shares in the last quarter. Ellevest Inc. increased its holdings in NextEra Energy by 51.3% during the 2nd quarter. Ellevest Inc. now owns 475 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 161 shares during the period. Finally, Eagle Bay Advisors LLC bought a new stake in NextEra Energy during the 2nd quarter valued at $41,000. Hedge funds and other institutional investors own 76.89% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on NEE shares. KeyCorp dropped their price target on NextEra Energy from $93.00 to $89.00 and set an “overweight” rating on the stock in a research report on Thursday, October 20th. Morgan Stanley raised their target price on shares of NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, December 15th. Guggenheim lowered their price target on shares of NextEra Energy from $108.00 to $99.00 in a research report on Monday, October 24th. UBS Group cut their price objective on shares of NextEra Energy to $109.00 in a report on Tuesday, September 6th. Finally, Wells Fargo & Company upped their target price on NextEra Energy from $100.00 to $105.00 in a report on Wednesday, December 14th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $93.60.
Insider Buying and Selling
In other news, EVP Robert Coffey sold 2,908 shares of the stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $78.19, for a total value of $227,376.52. Following the transaction, the executive vice president now directly owns 11,489 shares of the company’s stock, valued at $898,324.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Miguel Arechabala sold 12,478 shares of the company’s stock in a transaction on Monday, December 12th. The shares were sold at an average price of $85.89, for a total value of $1,071,735.42. Following the sale, the executive vice president now directly owns 24,710 shares of the company’s stock, valued at approximately $2,122,341.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert Coffey sold 2,908 shares of the firm’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $78.19, for a total transaction of $227,376.52. Following the transaction, the executive vice president now directly owns 11,489 shares of the company’s stock, valued at approximately $898,324.91. The disclosure for this sale can be found here. Insiders sold 46,617 shares of company stock worth $3,962,217 in the last 90 days. Insiders own 0.43% of the company’s stock.
NextEra Energy Stock Down 0.7 %
Shares of NEE stock opened at $83.52 on Tuesday. The stock’s fifty day moving average price is $80.51 and its 200 day moving average price is $81.76. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.46 and a quick ratio of 0.40. NextEra Energy, Inc. has a 1-year low of $67.22 and a 1-year high of $93.73. The company has a market cap of $165.97 billion, a price-to-earnings ratio of 43.05, a price-to-earnings-growth ratio of 3.03 and a beta of 0.48.
NextEra Energy (NYSE:NEE – Get Rating) last posted its quarterly earnings data on Friday, October 28th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.06. The firm had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $5.77 billion. NextEra Energy had a net margin of 19.30% and a return on equity of 12.27%. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 earnings per share. On average, research analysts expect that NextEra Energy, Inc. will post 2.89 earnings per share for the current fiscal year.
NextEra Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Friday, November 25th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Wednesday, November 23rd. NextEra Energy’s payout ratio is 87.63%.
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.
See Also
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