NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Fruth Investment Management


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Fruth Investment Management increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 300.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,680 shares of the utilities provider’s stock after purchasing an additional 4,260 shares during the period. Fruth Investment Management’s holdings in NextEra Energy were worth $438,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Triangle Securities Wealth Management boosted its stake in NextEra Energy by 295.6% during the 4th quarter. Triangle Securities Wealth Management now owns 28,201 shares of the utilities provider’s stock worth $2,176,000 after purchasing an additional 21,073 shares during the period. Axel Capital Management LLC boosted its stake in NextEra Energy by 700.0% during the 4th quarter. Axel Capital Management LLC now owns 80,000 shares of the utilities provider’s stock worth $6,172,000 after purchasing an additional 70,000 shares during the period. Park National Corp OH raised its position in NextEra Energy by 550.5% during the 4th quarter. Park National Corp OH now owns 349,142 shares of the utilities provider’s stock worth $26,936,000 after buying an additional 295,468 shares during the last quarter. HGK Asset Management Inc. boosted its holdings in shares of NextEra Energy by 294.1% in the fourth quarter. HGK Asset Management Inc. now owns 13,324 shares of the utilities provider’s stock valued at $1,028,000 after acquiring an additional 9,943 shares in the last quarter. Finally, Bremer Bank National Association increased its stake in shares of NextEra Energy by 303.3% during the fourth quarter. Bremer Bank National Association now owns 39,020 shares of the utilities provider’s stock worth $3,011,000 after acquiring an additional 29,344 shares during the period. Hedge funds and other institutional investors own 17.93% of the company’s stock.

Shares of NYSE:NEE opened at $81.84 on Thursday. The business’s 50 day simple moving average is $75.50 and its 200-day simple moving average is $73.15. The firm has a market capitalization of $160.33 billion, a price-to-earnings ratio of 41.23, a price-to-earnings-growth ratio of 4.07 and a beta of 0.15. 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 12 month low of $43.70 and a 12 month high of $83.34.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, October 21st. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). NextEra Energy had a net margin of 21.44% and a return on equity of 10.79%. The company had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $5.31 billion. During the same period in the previous year, the company posted $0.60 EPS. NextEra Energy’s quarterly revenue was down 14.1% compared to the same quarter last year. On average, equities analysts anticipate that NextEra Energy, Inc. will post 2.29 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 15th. Investors of record on Friday, November 27th were paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date of this dividend was Wednesday, November 25th. NextEra Energy’s payout ratio is currently 66.99%.

A number of brokerages have weighed in on NEE. Credit Suisse Group lifted their price objective on NextEra Energy from $76.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, January 6th. Mizuho lifted their price objective on NextEra Energy from $64.00 to $90.00 and gave the company a “buy” rating in a report on Monday. Seaport Global Securities began coverage on NextEra Energy in a report on Tuesday, September 22nd. They issued a “buy” rating and a $57.25 price objective on the stock. Morgan Stanley lifted their price objective on NextEra Energy from $65.00 to $81.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, ValuEngine lowered NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, December 1st. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. NextEra Energy currently has an average rating of “Buy” and an average price target of $73.08.

In related news, CEO John W. Ketchum sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 22nd. The stock was sold at an average price of $74.44, for a total value of $297,760.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Charles E. Sieving sold 121,096 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $74.96, for a total value of $9,077,356.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 336,188 shares of company stock worth $24,990,497. 0.40% of the stock is owned by corporate insiders.

NextEra Energy Company Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, and distributes electric power in North America. The company generates electricity through wind, solar, nuclear, coal, oil, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, natural gas pipelines, and battery storage projects; and owns, develops, constructs, manages, and operates electric generation facilities in wholesale energy markets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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