Legacy Financial Advisors Inc. decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 7.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,516 shares of the utilities provider’s stock after selling 415 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in NextEra Energy were worth $417,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Arlington Partners LLC lifted its position in NextEra Energy by 97.0% during the 4th quarter. Arlington Partners LLC now owns 329 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 162 shares in the last quarter. Avion Wealth raised its position in shares of NextEra Energy by 300.0% during the 4th quarter. Avion Wealth now owns 336 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 252 shares in the last quarter. Hoover Financial Advisors Inc. acquired a new stake in shares of NextEra Energy during the 4th quarter valued at approximately $29,000. Safeguard Investment Advisory Group LLC acquired a new stake in shares of NextEra Energy during the 4th quarter valued at approximately $29,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of NextEra Energy during the 1st quarter valued at approximately $29,000. Institutional investors own 19.20% of the company’s stock.
A number of brokerages recently commented on NEE. Bank of America restated a “buy” rating and set a $81.00 price objective on shares of NextEra Energy in a research note on Friday, January 15th. Sanford C. Bernstein began coverage on NextEra Energy in a research note on Tuesday, March 9th. They issued an “outperform” rating and a $88.00 price objective for the company. Credit Suisse Group upgraded NextEra Energy from a “neutral” rating to an “outperform” rating and reduced their price objective for the stock from $87.00 to $85.00 in a research report on Monday, March 15th. Mizuho raised their target price on NextEra Energy from $64.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 11th. Finally, Barclays raised their target price on NextEra Energy from $78.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Monday, April 19th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $78.83.
NEE opened at $76.70 on Tuesday. The company has a fifty day moving average price of $76.41 and a 200-day moving average price of $78.07. The firm has a market capitalization of $150.44 billion, a P/E ratio of 38.64, a price-to-earnings-growth ratio of 4.07 and a beta of 0.16. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.57 and a quick ratio of 0.48. NextEra Energy, Inc. has a one year low of $55.65 and a one year high of $87.69.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, April 20th. The utilities provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.08. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $5.01 billion. NextEra Energy had a net margin of 21.44% and a return on equity of 10.79%. The business’s revenue for the quarter was down 19.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 EPS. On average, analysts expect that NextEra Energy, Inc. will post 2.3 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Friday, February 26th were issued a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Thursday, February 25th. NextEra Energy’s dividend payout ratio is currently 73.68%.
In other news, EVP Ronald R. Reagan sold 3,750 shares of the company’s stock in a transaction dated Thursday, April 15th. The shares were sold at an average price of $80.00, for a total transaction of $300,000.00. Following the completion of the transaction, the executive vice president now directly owns 32,209 shares of the company’s stock, valued at $2,576,720. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James L. Robo sold 118,000 shares of the company’s stock in a transaction dated Tuesday, March 2nd. The shares were sold at an average price of $76.02, for a total transaction of $8,970,360.00. The disclosure for this sale can be found here. Insiders have sold a total of 192,680 shares of company stock valued at $14,718,893 over the last ninety days. 0.40% of the stock is currently owned by insiders.
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 fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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