Axel Capital Management LLC grew its holdings in NextEra Energy Inc (NYSE:NEE) by 33.3% in the 4th quarter, HoldingsChannel reports. The firm owned 24,000 shares of the utilities provider’s stock after buying an additional 6,000 shares during the quarter. NextEra Energy comprises approximately 2.8% of Axel Capital Management LLC’s holdings, making the stock its 5th largest holding. Axel Capital Management LLC’s holdings in NextEra Energy were worth $4,172,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of NEE. Sound View Wealth Advisors LLC bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $1,555,000. JOYN Advisors Inc. raised its stake in shares of NextEra Energy by 25.5% during the 4th quarter. JOYN Advisors Inc. now owns 586 shares of the utilities provider’s stock worth $102,000 after acquiring an additional 119 shares in the last quarter. NS Partners Ltd raised its stake in shares of NextEra Energy by 19.1% during the 4th quarter. NS Partners Ltd now owns 130,558 shares of the utilities provider’s stock worth $22,694,000 after acquiring an additional 20,971 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of NextEra Energy by 2,612.0% during the 4th quarter. Bessemer Group Inc. now owns 221,623 shares of the utilities provider’s stock worth $38,522,000 after acquiring an additional 213,451 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in NextEra Energy by 5.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 108,311 shares of the utilities provider’s stock valued at $18,827,000 after purchasing an additional 5,220 shares in the last quarter. Institutional investors and hedge funds own 75.98% of the company’s stock.
A number of research analysts have issued reports on NEE shares. Guggenheim restated a “buy” rating and set a $205.00 price target on shares of NextEra Energy in a research note on Monday, January 7th. Morgan Stanley upped their price target on shares of NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a research note on Tuesday, February 12th. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. Credit Suisse Group upped their price target on shares of NextEra Energy from $186.00 to $193.00 and gave the company an “outperform” rating in a research note on Wednesday, December 12th. Finally, Barclays upped their price target on shares of NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a research note on Monday, November 19th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $178.75.
NEE stock opened at $190.98 on Friday. The firm has a market capitalization of $91.32 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 2.93 and a beta of 0.29. 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 Inc has a 12 month low of $155.06 and a 12 month high of $192.16.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 25th. The utilities provider reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). The business had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.84 billion. NextEra Energy had a net margin of 39.74% and a return on equity of 10.01%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the company earned $1.25 earnings per share. On average, research analysts expect that NextEra Energy Inc will post 8.4 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 28th will be issued a $1.25 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $1.11. This represents a $5.00 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Wednesday, February 27th. NextEra Energy’s dividend payout ratio is 64.94%.
In other news, insider Manoochehr K. Nazar sold 36,807 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $189.87, for a total value of $6,988,545.09. Following the sale, the insider now directly owns 149,034 shares of the company’s stock, valued at approximately $28,297,085.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $170.23, for a total transaction of $272,368.00. Following the completion of the sale, the director now directly owns 20,100 shares in the company, valued at $3,421,623. The disclosure for this sale can be found here. Insiders sold a total of 61,909 shares of company stock worth $11,666,919 over the last ninety days. Insiders own 0.55% of the company’s stock.
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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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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