Royal Fund Management LLC purchased a new stake in NextEra Energy Inc (NYSE:NEE) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 444 shares of the utilities provider’s stock, valued at approximately $106,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of NextEra Energy by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 7,189,062 shares of the utilities provider’s stock valued at $1,737,438,000 after acquiring an additional 340,415 shares during the last quarter. Norges Bank bought a new position in NextEra Energy during the 4th quarter worth $1,651,472,000. Bank of New York Mellon Corp raised its position in NextEra Energy by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 5,060,946 shares of the utilities provider’s stock worth $1,217,763,000 after purchasing an additional 21,220 shares during the last quarter. California Public Employees Retirement System raised its position in NextEra Energy by 3.1% during the 4th quarter. California Public Employees Retirement System now owns 3,875,451 shares of the utilities provider’s stock worth $938,479,000 after purchasing an additional 118,311 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in NextEra Energy by 4.6% during the 4th quarter. UBS Asset Management Americas Inc. now owns 3,382,791 shares of the utilities provider’s stock worth $819,177,000 after purchasing an additional 148,764 shares during the last quarter. Institutional investors own 77.30% of the company’s stock.
NEE has been the subject of several analyst reports. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating and set a $282.00 target price for the company. in a research report on Wednesday, January 29th. UBS Group lowered their target price on NextEra Energy from $310.00 to $255.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Barclays lowered their target price on NextEra Energy from $269.00 to $220.00 and set an “equal weight” rating for the company in a research report on Thursday, March 26th. BMO Capital Markets started coverage on NextEra Energy in a research report on Wednesday, February 19th. They set an “outperform” rating and a $290.00 target price for the company. Finally, Vertical Research started coverage on NextEra Energy in a report on Monday, February 24th. They set a “sell” rating for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. NextEra Energy has an average rating of “Buy” and a consensus price target of $251.07.
Shares of NextEra Energy stock opened at $233.85 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.61 and a debt-to-equity ratio of 1.01. The business has a 50-day moving average price of $233.66 and a two-hundred day moving average price of $242.06. The company has a market cap of $112.04 billion, a P/E ratio of 32.39, a PEG ratio of 3.27 and a beta of 0.20. NextEra Energy Inc has a 1-year low of $174.80 and a 1-year high of $283.35.
NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, April 22nd. The utilities provider reported $2.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.26 by $0.12. The company had revenue of $4.61 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $2.20 EPS. Equities research analysts forecast that NextEra Energy Inc will post 9.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Tuesday, June 2nd will be paid a $1.40 dividend. The ex-dividend date is Monday, June 1st. This represents a $5.60 annualized dividend and a dividend yield of 2.39%. NextEra Energy’s dividend payout ratio is presently 66.91%.
In other news, EVP Joseph T. Kelliher sold 14,330 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $248.15, for a total value of $3,555,989.50. Following the completion of the sale, the executive vice president now directly owns 38,213 shares in the company, valued at approximately $9,482,555.95. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James Lawrence Camaren bought 1,000 shares of NextEra Energy stock in a transaction dated Thursday, March 12th. The stock was purchased at an average price of $212.40 per share, with a total value of $212,400.00. Following the completion of the purchase, the director now owns 35,330 shares in the company, valued at $7,504,092. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 90,639 shares of company stock valued at $20,863,319. 0.40% of the stock is currently owned by company insiders.
NextEra Energy 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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