ICW Investment Advisors LLC increased its holdings in NextEra Energy Inc (NYSE:NEE) by 3.3% in the 1st quarter, Holdings Channel reports. The fund owned 3,999 shares of the utilities provider’s stock after purchasing an additional 129 shares during the period. ICW Investment Advisors LLC’s holdings in NextEra Energy were worth $962,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Lionsbridge Wealth Management LLC purchased a new stake in NextEra Energy in the 4th quarter worth about $25,000. Lion Street Advisors LLC purchased a new stake in NextEra Energy in the 1st quarter worth about $26,000. HHM Wealth Advisors LLC purchased a new stake in NextEra Energy in the 1st quarter worth about $30,000. Stonebridge Financial Planning Group LLC purchased a new stake in NextEra Energy in the 4th quarter worth about $36,000. Finally, AlphaCore Capital LLC purchased a new stake in NextEra Energy in the 1st quarter worth about $37,000. 77.08% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on NEE shares. UBS Group cut their price target on NextEra Energy from $310.00 to $255.00 and set a “buy” rating for the company in a research note on Monday, March 16th. BMO Capital Markets started coverage on NextEra Energy in a research note on Wednesday, February 19th. They set an “outperform” rating and a $290.00 price target for the company. Morgan Stanley cut their price target on NextEra Energy from $246.00 to $237.00 and set an “equal weight” rating for the company in a research note on Friday, May 15th. Credit Suisse Group cut their price target on NextEra Energy from $256.00 to $252.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. Finally, Vertical Research started coverage on NextEra Energy in a research note on Monday, February 24th. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $251.07.
Shares of NYSE NEE traded up $0.17 during mid-day trading on Monday, reaching $255.73. 678,631 shares of the company traded hands, compared to its average volume of 2,391,985. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.61 and a current ratio of 0.71. The stock has a market cap of $125.08 billion, a PE ratio of 34.90, a price-to-earnings-growth ratio of 3.65 and a beta of 0.23. The company’s fifty day moving average is $235.45 and its two-hundred day moving average is $242.29. NextEra Energy Inc has a fifty-two week low of $174.80 and a fifty-two week high of $283.35.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, April 22nd. The utilities provider reported $2.38 EPS for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.12. The business had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.88 billion. NextEra Energy had a return on equity of 10.38% and a net margin of 17.77%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.20 EPS. Research analysts forecast that NextEra Energy Inc will post 9.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Tuesday, June 2nd will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Monday, June 1st. NextEra Energy’s dividend payout ratio (DPR) is currently 66.91%.
In other NextEra Energy news, CEO Eric E. Silagy sold 7,389 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $236.13, for a total value of $1,744,764.57. Following the sale, the chief executive officer now owns 42,556 shares of the company’s stock, valued at approximately $10,048,748.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James L. Robo sold 70,968 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $227.05, for a total value of $16,113,284.40. The disclosure for this sale can be found here. Insiders sold a total of 83,698 shares of company stock worth $19,052,094 in the last ninety days. Insiders own 0.40% of the company’s stock.
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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