Archford Capital Strategies LLC reduced its stake in NextEra Energy Inc (NYSE:NEE) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,720 shares of the utilities provider’s stock after selling 514 shares during the quarter. Archford Capital Strategies LLC’s holdings in NextEra Energy were worth $1,168,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Ascent Wealth Partners LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at approximately $374,000. Advisory Resource Group purchased a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $1,079,000. Axel Capital Management LLC boosted its stake in shares of NextEra Energy by 33.3% in the fourth quarter. Axel Capital Management LLC now owns 24,000 shares of the utilities provider’s stock valued at $4,172,000 after buying an additional 6,000 shares in the last quarter. Sound View Wealth Advisors LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $1,555,000. Finally, JOYN Advisors Inc. boosted its stake in shares of NextEra Energy by 25.5% in the fourth quarter. JOYN Advisors Inc. now owns 586 shares of the utilities provider’s stock valued at $102,000 after buying an additional 119 shares in the last quarter. Institutional investors own 75.98% of the company’s stock.
A number of analysts recently weighed in on NEE shares. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 price target on the stock in a research note on Wednesday, January 30th. Guggenheim restated a “buy” rating and issued a $205.00 price target on shares of NextEra Energy in a research note on Monday, January 7th. Morgan Stanley lifted their price target on NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a research note on Tuesday, February 12th. Barclays lifted their price target on NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a research note on Monday, November 19th. Finally, Credit Suisse Group lifted their price target on NextEra Energy from $186.00 to $193.00 and gave the company an “outperform” rating in a research note on Wednesday, December 12th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $178.75.
In related news, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $170.23, for a total transaction of $272,368.00. Following the completion of the transaction, the director now directly owns 20,100 shares of the company’s stock, valued at $3,421,623. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Deborah H. Caplan sold 3,054 shares of NextEra Energy stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $183.50, for a total value of $560,409.00. Following the transaction, the executive vice president now directly owns 22,597 shares of the company’s stock, valued at $4,146,549.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,909 shares of company stock valued at $11,666,919. 0.55% of the stock is currently owned by insiders.
NextEra Energy stock opened at $190.98 on Friday. The company has a market capitalization of $91.32 billion, a P/E ratio of 24.80, a price-to-earnings-growth ratio of 2.93 and a beta of 0.29. NextEra Energy Inc has a 1-year low of $155.06 and a 1-year high of $192.16. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 0.72.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 25th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). The firm had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.84 billion. NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 earnings per share. On average, equities analysts anticipate that NextEra Energy Inc will post 8.4 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 28th will be issued a dividend of $1.25 per share. The ex-dividend date is Wednesday, February 27th. This is a boost from NextEra Energy’s previous quarterly dividend of $1.11. This represents a $5.00 annualized dividend and a yield of 2.62%. NextEra Energy’s payout ratio is currently 64.94%.
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About NextEra Energy
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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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