Abeille Asset Management SA decreased its position in NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 24.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 357,918 shares of the utilities provider’s stock after selling 115,964 shares during the quarter. Abeille Asset Management SA’s holdings in NextEra Energy were worth $29,922,000 as of its most recent SEC filing.
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Several other institutional investors and hedge funds have also made changes to their positions in NEE. Signet Investment Advisory Group Inc. grew its position in shares of NextEra Energy by 0.7% during the 4th quarter. Signet Investment Advisory Group Inc. now owns 37,649 shares of the utilities provider’s stock valued at $3,147,000 after buying an additional 262 shares during the last quarter. Stratos Wealth Advisors LLC grew its stake in NextEra Energy by 4.5% during the 4th quarter. Stratos Wealth Advisors LLC now owns 27,654 shares of the utilities provider’s stock worth $2,312,000 after buying an additional 1,193 shares during the last quarter. Quent Capital LLC increased its position in NextEra Energy by 24.9% in the fourth quarter. Quent Capital LLC now owns 6,564 shares of the utilities provider’s stock worth $549,000 after buying an additional 1,309 shares during the period. Asset Dedication LLC lifted its stake in NextEra Energy by 12.2% in the fourth quarter. Asset Dedication LLC now owns 17,613 shares of the utilities provider’s stock valued at $1,484,000 after buying an additional 1,916 shares during the last quarter. Finally, S.E.E.D. Planning Group LLC boosted its holdings in shares of NextEra Energy by 3.3% during the fourth quarter. S.E.E.D. Planning Group LLC now owns 88,583 shares of the utilities provider’s stock valued at $7,406,000 after acquiring an additional 2,831 shares during the period. 76.17% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
NEE has been the subject of several analyst reports. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research report on Friday, March 10th. Bank of America lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $94.00 to $80.00 in a research note on Thursday, January 26th. Royal Bank of Canada decreased their target price on NextEra Energy from $101.00 to $98.00 and set an “outperform” rating for the company in a research note on Monday, January 30th. Credit Suisse Group dropped their price target on shares of NextEra Energy from $89.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, January 26th. Finally, Morgan Stanley dropped their target price on shares of NextEra Energy from $97.00 to $94.00 and set an “overweight” rating on the stock in a report on Tuesday, March 21st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $91.58.
NextEra Energy Stock Down 0.2 %
Shares of NEE traded down $0.13 during trading hours on Monday, hitting $75.56. 2,080,128 shares of the company were exchanged, compared to its average volume of 9,347,593. The firm’s 50 day moving average is $75.81 and its 200-day moving average is $79.83. NextEra Energy, Inc. has a 52 week low of $67.22 and a 52 week high of $91.35. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.43 and a current ratio of 0.51. The company has a market cap of $150.17 billion, a PE ratio of 36.22, a PEG ratio of 2.68 and a beta of 0.44.
NextEra Energy (NYSE:NEE – Get Rating) last issued its quarterly earnings data on Wednesday, January 25th. The utilities provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.58 billion. NextEra Energy had a net margin of 19.79% and a return on equity of 12.51%. NextEra Energy’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 earnings per share. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.12 EPS for the current fiscal year.
NextEra Energy Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th were paid a dividend of $0.4675 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, February 27th. This represents a $1.87 annualized dividend and a yield of 2.47%. NextEra Energy’s dividend payout ratio is presently 89.47%.
Insider Buying and Selling at NextEra Energy
In other NextEra Energy news, CEO Armando Pimentel, Jr. acquired 13,200 shares of NextEra Energy stock in a transaction dated Tuesday, February 21st. The stock was bought at an average cost of $75.44 per share, with a total value of $995,808.00. Following the completion of the transaction, the chief executive officer now owns 129,230 shares of the company’s stock, valued at $9,749,111.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Armando Pimentel, Jr. bought 13,200 shares of NextEra Energy stock in a transaction that occurred on Tuesday, February 21st. The stock was acquired at an average price of $75.44 per share, for a total transaction of $995,808.00. Following the completion of the purchase, the chief executive officer now owns 129,230 shares in the company, valued at $9,749,111.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Lawrence Camaren purchased 2,000 shares of the business’s stock in a transaction on Thursday, February 9th. The stock was purchased at an average cost of $73.50 per share, with a total value of $147,000.00. Following the acquisition, the director now owns 147,930 shares in the company, valued at $10,872,855. The disclosure for this purchase can be found here. Insiders have acquired 18,872 shares of company stock valued at $1,417,721 in the last 90 days. 0.38% of the stock is currently owned by insiders.
NextEra Energy Company Profile
NextEra Energy, Inc engages in the provision of renewable energy. It operates through the following segments: FPL and NEER. The FPL segment involves 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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