Insight Wealth Strategies LLC increased its holdings in NextEra Energy Inc (NYSE:NEE) by 6.7% in the third quarter, HoldingsChannel reports. The firm owned 4,014 shares of the utilities provider’s stock after purchasing an additional 251 shares during the period. Insight Wealth Strategies LLC’s holdings in NextEra Energy were worth $935,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Krane Funds Advisors LLC bought a new stake in NextEra Energy in the second quarter worth $25,000. TRUE Private Wealth Advisors bought a new stake in NextEra Energy in the second quarter worth $25,000. Manchester Financial Inc. bought a new stake in NextEra Energy during the second quarter valued at about $26,000. First PREMIER Bank bought a new stake in NextEra Energy during the third quarter valued at about $33,000. Finally, Vista Private Wealth Partners. LLC bought a new stake in NextEra Energy during the third quarter valued at about $36,000. Hedge funds and other institutional investors own 74.70% of the company’s stock.
In related news, EVP Joseph T. Kelliher sold 3,279 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $219.20, for a total value of $718,756.80. Following the completion of the transaction, the executive vice president now owns 28,215 shares of the company’s stock, valued at $6,184,728. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $231.32, for a total transaction of $370,112.00. Following the completion of the transaction, the director now directly owns 16,237 shares of the company’s stock, valued at approximately $3,755,942.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,576 shares of company stock valued at $21,514,886. 0.48% of the stock is owned by corporate insiders.
Shares of NYSE NEE traded up $4.69 during mid-day trading on Wednesday, hitting $227.91. The company had a trading volume of 1,793,306 shares, compared to its average volume of 1,970,505. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.58 and a quick ratio of 0.47. The business’s 50-day simple moving average is $231.14 and its 200-day simple moving average is $213.89. NextEra Energy Inc has a 12 month low of $164.78 and a 12 month high of $239.89. The firm has a market cap of $108.55 billion, a P/E ratio of 29.60, a PEG ratio of 3.33 and a beta of 0.17.
NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.12. NextEra Energy had a net margin of 16.92% and a return on equity of 10.59%. The business had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter last year, the company earned $2.18 earnings per share. The firm’s revenue was up 26.1% on a year-over-year basis. As a group, sell-side analysts predict that NextEra Energy Inc will post 8.36 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Wednesday, November 27th. NextEra Energy’s payout ratio is presently 64.94%.
A number of equities research analysts have issued reports on the stock. Wells Fargo & Co upped their price target on shares of NextEra Energy from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Morgan Stanley upped their price target on shares of NextEra Energy from $241.00 to $242.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Barclays cut shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price target for the company. in a report on Tuesday, August 13th. Credit Suisse Group upped their price target on shares of NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, ValuEngine cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. NextEra Energy presently has an average rating of “Buy” and a consensus price target of $231.67.
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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