Kathmere Capital Management LLC bought a new position in NextEra Energy, Inc. (NYSE:NEE) in the third quarter, HoldingsChannel.com reports. The fund bought 3,255 shares of the utilities provider’s stock, valued at approximately $256,000.
A number of other large investors also recently bought and sold shares of NEE. Hillsdale Investment Management Inc. bought a new stake in NextEra Energy in the 2nd quarter worth approximately $32,000. SRS Capital Advisors Inc. bought a new stake in NextEra Energy in the 2nd quarter worth approximately $39,000. Disciplined Investments LLC grew its position in NextEra Energy by 35.0% in the 2nd quarter. Disciplined Investments LLC now owns 540 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 140 shares during the period. Close Asset Management Ltd grew its position in NextEra Energy by 90.0% in the 2nd quarter. Close Asset Management Ltd now owns 570 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 270 shares during the period. Finally, Arcadia Investment Management Corp MI bought a new stake in NextEra Energy in the 2nd quarter worth approximately $43,000. 74.55% of the stock is owned by institutional investors and hedge funds.
NEE has been the subject of a number of research analyst reports. Seaport Res Ptn reaffirmed a “buy” rating on shares of NextEra Energy in a research report on Tuesday, October 19th. Morgan Stanley lifted their price target on shares of NextEra Energy from $78.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Monday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $86.29.
Shares of NextEra Energy stock traded up $0.28 on Thursday, hitting $87.21. 4,539,904 shares of the company’s stock were exchanged, compared to its average volume of 7,585,785. The company has a 50-day simple moving average of $83.22 and a 200-day simple moving average of $79.59. The stock has a market capitalization of $171.12 billion, a PE ratio of 72.68, a PEG ratio of 4.01 and a beta of 0.26. NextEra Energy, Inc. has a 1 year low of $68.33 and a 1 year high of $88.82. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.38 and a current ratio of 0.47.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 19th. The utilities provider reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.03. The business had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $5.40 billion. NextEra Energy had a net margin of 14.40% and a return on equity of 11.07%. The company’s revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 EPS. On average, analysts expect that NextEra Energy, Inc. will post 2.53 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 15th. Investors of record on Friday, November 26th will be paid a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Wednesday, November 24th. NextEra Energy’s dividend payout ratio (DPR) is 128.33%.
NextEra Energy 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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