Community Financial Services Group LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) during the third quarter, according to its most recent filing with the SEC. The firm purchased 2,000 shares of the utilities provider’s stock, valued at approximately $293,000.
Other large investors have also recently made changes to their positions in the company. Hanson McClain Inc. increased its stake in NextEra Energy by 6.0% during the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 43 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in NextEra Energy by 8.9% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 71 shares in the last quarter. Highstreet Asset Management Inc. bought a new stake in NextEra Energy during the 2nd quarter worth approximately $134,000. Atlantic Trust LLC bought a new stake in NextEra Energy during the 2nd quarter worth approximately $154,000. Finally, Pacific Center for Financial Services increased its stake in NextEra Energy by 50.1% during the 2nd quarter. Pacific Center for Financial Services now owns 1,139 shares of the utilities provider’s stock worth $160,000 after purchasing an additional 380 shares in the last quarter. Institutional investors and hedge funds own 74.55% of the company’s stock.
In other news, EVP Joseph T. Kelliher sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John W. Ketchum sold 2,900 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $150.00, for a total transaction of $435,000.00. Following the transaction, the executive vice president now directly owns 18,786 shares of the company’s stock, valued at $2,817,900. The disclosure for this sale can be found here. Insiders have sold a total of 65,385 shares of company stock valued at $9,748,482 over the last ninety days. Company insiders own 0.53% of the company’s stock.
NextEra Energy, Inc. (NEE) opened at $156.03 on Friday. The firm has a market cap of $73,396.20, a P/E ratio of 23.39, a PEG ratio of 3.10 and a beta of 0.31. NextEra Energy, Inc. has a 52 week low of $112.63 and a 52 week high of $159.28. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.08. The company had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the business earned $1.74 EPS. equities research analysts predict that NextEra Energy, Inc. will post 6.73 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 annualized dividend and a dividend yield of 2.52%. NextEra Energy’s dividend payout ratio is currently 44.16%.
A number of analysts recently issued reports on NEE shares. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Bank of America Corporation started coverage on NextEra Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $166.00 target price for the company. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada reissued a “buy” rating and set a $156.00 target price on shares of NextEra Energy in a research note on Tuesday, November 7th. Finally, KeyCorp reissued a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a research note on Friday, September 1st. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $155.38.
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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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