River Street Advisors LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 4.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 13,797 shares of the utilities provider’s stock after buying an additional 563 shares during the quarter. River Street Advisors LLC’s holdings in NextEra Energy were worth $1,166,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Banco Santander S.A. raised its stake in shares of NextEra Energy by 20.4% in the first quarter. Banco Santander S.A. now owns 27,884 shares of the utilities provider’s stock worth $1,782,000 after purchasing an additional 4,716 shares during the last quarter. Intech Investment Management LLC raised its position in NextEra Energy by 35.7% during the 1st quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock worth $6,411,000 after buying an additional 26,382 shares during the last quarter. Patten & Patten Inc. TN raised its position in NextEra Energy by 2.3% during the 1st quarter. Patten & Patten Inc. TN now owns 192,134 shares of the utilities provider’s stock worth $12,279,000 after buying an additional 4,404 shares during the last quarter. Chiron Capital Management LLC lifted its stake in NextEra Energy by 18.6% during the 1st quarter. Chiron Capital Management LLC now owns 21,476 shares of the utilities provider’s stock valued at $1,373,000 after acquiring an additional 3,365 shares during the period. Finally, Jacobi Capital Management LLC boosted its holdings in shares of NextEra Energy by 9.5% in the 1st quarter. Jacobi Capital Management LLC now owns 43,116 shares of the utilities provider’s stock valued at $2,755,000 after acquiring an additional 3,744 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on NEE shares. Jefferies Financial Group started coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price for the company. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Scotiabank upped their price objective on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Guggenheim lifted their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $86.54.
NextEra Energy Price Performance
Shares of NYSE NEE traded up $1.07 during midday trading on Friday, hitting $76.35. The stock had a trading volume of 12,930,527 shares, compared to its average volume of 10,952,575. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The stock has a 50 day simple moving average of $81.53 and a 200-day simple moving average of $77.41. The company has a market capitalization of $157.01 billion, a PE ratio of 22.58, a P/E/G ratio of 2.68 and a beta of 0.57. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10.
NextEra Energy (NYSE:NEE – Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter last year, the firm posted $0.94 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.
NextEra Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.
Insider Activity
In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.
NextEra Energy Company 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,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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