Hoylecohen LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 185,453 shares of the utilities provider’s stock after buying an additional 278 shares during the quarter. NextEra Energy comprises approximately 1.1% of Hoylecohen LLC’s portfolio, making the stock its 18th biggest position. Hoylecohen LLC’s holdings in NextEra Energy were worth $13,590,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Camden National Bank lifted its holdings in NextEra Energy by 303.2% in the 4th quarter. Camden National Bank now owns 89,975 shares of the utilities provider’s stock worth $6,941,000 after purchasing an additional 67,659 shares in the last quarter. Lehman & Derafelo Financial Resources LLC increased its position in NextEra Energy by 12.1% during the 1st quarter. Lehman & Derafelo Financial Resources LLC now owns 1,370,865 shares of the utilities provider’s stock valued at $103,651,000 after buying an additional 148,382 shares in the last quarter. Strategic Blueprint LLC increased its position in NextEra Energy by 29.1% during the 1st quarter. Strategic Blueprint LLC now owns 3,424 shares of the utilities provider’s stock valued at $259,000 after buying an additional 772 shares in the last quarter. Wrapmanager Inc. grew its holdings in NextEra Energy by 16.2% during the first quarter. Wrapmanager Inc. now owns 4,656 shares of the utilities provider’s stock worth $352,000 after acquiring an additional 648 shares during the period. Finally, Certified Advisory Corp purchased a new position in NextEra Energy during the first quarter worth approximately $293,000. 74.67% of the stock is owned by institutional investors and hedge funds.
Shares of NEE traded down $0.74 during mid-day trading on Tuesday, reaching $78.02. 100,933 shares of the company’s stock traded hands, compared to its average volume of 7,869,188. NextEra Energy, Inc. has a 12 month low of $66.79 and a 12 month high of $87.69. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.38 and a current ratio of 0.48. The stock has a market capitalization of $153.03 billion, a P/E ratio of 49.38, a price-to-earnings-growth ratio of 4.05 and a beta of 0.19. The business’s 50-day moving average price is $82.13 and its 200-day moving average price is $77.44.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Friday, August 27th were issued a $0.385 dividend. The ex-dividend date was Thursday, August 26th. This represents a $1.54 annualized dividend and a yield of 1.97%. NextEra Energy’s dividend payout ratio (DPR) is presently 66.67%.
In other NextEra Energy news, EVP Ronald R. Reagan sold 4,166 shares of the company’s stock in a transaction that occurred on Monday, August 16th. The shares were sold at an average price of $84.00, for a total value of $349,944.00. Following the completion of the sale, the executive vice president now owns 28,043 shares of the company’s stock, valued at $2,355,612. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Ketchum sold 12,151 shares of the stock in a transaction on Wednesday, September 15th. The stock was sold at an average price of $84.33, for a total transaction of $1,024,693.83. Following the transaction, the chief executive officer now owns 84,895 shares of the company’s stock, valued at approximately $7,159,195.35. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.
NEE has been the topic of several research reports. Morgan Stanley decreased their target price on NextEra Energy from $80.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Friday, September 17th. Credit Suisse Group started coverage on NextEra Energy in a report on Wednesday, July 14th. They set an “outperform” rating and a $85.00 price target for the company. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $85.25.
NextEra Energy Company Profile
NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL & NEER. The FPL segment engages primarily in the generation, transmission, distribution and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.
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