Ritholtz Wealth Management Grows Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Ritholtz Wealth Management boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 21.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,899 shares of the utilities provider’s stock after acquiring an additional 1,200 shares during the quarter. Ritholtz Wealth Management’s holdings in NextEra Energy were worth $522,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of NextEra Energy during the 4th quarter valued at approximately $2,351,012,000. Northern Trust Corp boosted its stake in shares of NextEra Energy by 290.1% during the 4th quarter. Northern Trust Corp now owns 25,759,220 shares of the utilities provider’s stock valued at $1,987,325,000 after buying an additional 19,155,193 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of NextEra Energy by 293.5% during the 4th quarter. Bank of New York Mellon Corp now owns 20,373,747 shares of the utilities provider’s stock valued at $1,571,834,000 after buying an additional 15,195,906 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of NextEra Energy by 272.7% during the 4th quarter. UBS Asset Management Americas Inc. now owns 13,154,928 shares of the utilities provider’s stock valued at $1,014,903,000 after buying an additional 9,625,344 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of NextEra Energy by 281.8% during the 4th quarter. Alliancebernstein L.P. now owns 12,334,478 shares of the utilities provider’s stock valued at $951,605,000 after buying an additional 9,104,116 shares during the last quarter. Hedge funds and other institutional investors own 75.02% of the company’s stock.

In other news, CEO Eric E. Silagy sold 28,564 shares of the stock in a transaction on Monday, March 15th. The stock was sold at an average price of $75.63, for a total value of $2,160,295.32. Following the completion of the transaction, the chief executive officer now owns 182,607 shares of the company’s stock, valued at $13,810,567.41. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO James Michael May sold 6,031 shares of the stock in a transaction on Wednesday, March 17th. The stock was sold at an average price of $75.00, for a total value of $452,325.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,508 shares of the company’s stock, valued at approximately $938,100. The disclosure for this sale can be found here. Insiders sold 232,416 shares of company stock worth $17,414,387 over the last ninety days. 0.38% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on the company. Morgan Stanley increased their target price on NextEra Energy from $72.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 18th. Sanford C. Bernstein initiated coverage on NextEra Energy in a research note on Wednesday, March 3rd. They set an “outperform” rating and a $88.00 target price for the company. Credit Suisse Group raised NextEra Energy from a “neutral” rating to an “outperform” rating and dropped their price target for the company from $87.00 to $85.00 in a research report on Monday, March 8th. Finally, Barclays dropped their price target on NextEra Energy from $82.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 25th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. NextEra Energy currently has a consensus rating of “Buy” and a consensus target price of $78.77.

Shares of NYSE NEE opened at $73.50 on Friday. NextEra Energy, Inc. has a 1-year low of $58.44 and a 1-year high of $87.69. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.52 and a quick ratio of 0.42. The stock has a fifty day moving average of $75.38. The firm has a market capitalization of $144.17 billion, a price-to-earnings ratio of 34.80, a PEG ratio of 3.71 and a beta of 0.17.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 20th. The utilities provider reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.08. NextEra Energy had a return on equity of 10.81% and a net margin of 24.34%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period last year, the company earned $0.59 earnings per share. The firm’s revenue for the quarter was down 19.2% on a year-over-year basis. On average, equities research analysts predict that NextEra Energy, Inc. will post 2.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Wednesday, June 2nd will be given a $0.385 dividend. This represents a $1.54 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Tuesday, June 1st. NextEra Energy’s dividend payout ratio is presently 66.67%.

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

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