PYA Waltman Capital LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE – Get Rating) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 425 shares of the utilities provider’s stock, valued at approximately $36,000.
Several other institutional investors have also recently added to or reduced their stakes in NEE. Geode Capital Management LLC boosted its stake in shares of NextEra Energy by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 31,922,835 shares of the utilities provider’s stock worth $2,971,390,000 after acquiring an additional 796,968 shares in the last quarter. Norges Bank purchased a new stake in shares of NextEra Energy during the 4th quarter worth approximately $2,724,059,000. Fisher Asset Management LLC boosted its stake in shares of NextEra Energy by 3.9% during the 1st quarter. Fisher Asset Management LLC now owns 15,664,058 shares of the utilities provider’s stock worth $1,326,902,000 after acquiring an additional 586,815 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in shares of NextEra Energy by 29.4% during the 4th quarter. 1832 Asset Management L.P. now owns 9,406,722 shares of the utilities provider’s stock worth $881,233,000 after acquiring an additional 2,136,829 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of NextEra Energy by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,027,918 shares of the utilities provider’s stock worth $842,847,000 after acquiring an additional 253,865 shares in the last quarter. Institutional investors and hedge funds own 77.89% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. KeyCorp decreased their price target on NextEra Energy from $89.00 to $88.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 19th. TheStreet raised NextEra Energy from a “c+” rating to a “b” rating in a research note on Friday, July 22nd. Wells Fargo & Company upped their target price on NextEra Energy from $102.00 to $107.00 and gave the company an “overweight” rating in a research note on Monday, April 18th. Credit Suisse Group set a $76.00 target price on NextEra Energy in a research note on Monday, June 20th. Finally, BMO Capital Markets reduced their target price on NextEra Energy from $105.00 to $93.00 in a research note on Monday, June 13th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $88.33.
NextEra Energy Stock Performance
NextEra Energy (NYSE:NEE – Get Rating) last issued its quarterly earnings results on Friday, July 22nd. The utilities provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.08. The company had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.26 billion. NextEra Energy had a return on equity of 11.97% and a net margin of 14.75%. NextEra Energy’s revenue was up 32.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 EPS. As a group, analysts forecast that NextEra Energy, Inc. will post 2.87 EPS for the current year.
NextEra Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Tuesday, August 30th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Monday, August 29th. This represents a $1.70 annualized dividend and a yield of 1.93%. NextEra Energy’s dividend payout ratio (DPR) is presently 129.77%.
Insider Buying and Selling at NextEra Energy
In other news, CEO John W. Ketchum acquired 12,909 shares of the company’s stock in a transaction dated Friday, July 1st. The stock was acquired at an average cost of $78.33 per share, for a total transaction of $1,011,161.97. Following the acquisition, the chief executive officer now directly owns 132,894 shares in the company, valued at approximately $10,409,587.02. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.38% of the stock is currently owned by insiders.
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, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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