Rehmann Capital Advisory Group raised its position in NextEra Energy Inc (NYSE:NEE) by 28.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,909 shares of the utilities provider’s stock after buying an additional 2,444 shares during the period. Rehmann Capital Advisory Group’s holdings in NextEra Energy were worth $1,822,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of NEE. Parsons Capital Management Inc. RI increased its stake in shares of NextEra Energy by 3.7% during the 1st quarter. Parsons Capital Management Inc. RI now owns 30,333 shares of the utilities provider’s stock worth $4,954,000 after purchasing an additional 1,090 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of NextEra Energy during the 1st quarter worth approximately $898,000. KBC Group NV increased its stake in shares of NextEra Energy by 12.8% during the 1st quarter. KBC Group NV now owns 69,167 shares of the utilities provider’s stock worth $11,297,000 after purchasing an additional 7,872 shares during the last quarter. Cetera Advisor Networks LLC increased its stake in shares of NextEra Energy by 7.0% during the 1st quarter. Cetera Advisor Networks LLC now owns 10,465 shares of the utilities provider’s stock worth $1,710,000 after purchasing an additional 681 shares during the last quarter. Finally, Federated Investors Inc. PA increased its stake in shares of NextEra Energy by 10.4% during the 1st quarter. Federated Investors Inc. PA now owns 124,736 shares of the utilities provider’s stock worth $20,374,000 after purchasing an additional 11,778 shares during the last quarter. Hedge funds and other institutional investors own 76.24% of the company’s stock.
NEE traded up $0.15 on Thursday, hitting $169.32. The company’s stock had a trading volume of 143,025 shares, compared to its average volume of 1,560,565. The company has a market cap of $81.80 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 2.67 and a beta of 0.18. NextEra Energy Inc has a 12 month low of $144.70 and a 12 month high of $175.65. The company has a current ratio of 0.58, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78.
The company also recently declared a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Thursday, August 30th were issued a $1.11 dividend. This represents a $4.44 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Wednesday, August 29th. NextEra Energy’s payout ratio is 66.27%.
In other NextEra Energy news, Director James L. Robo sold 18,000 shares of the firm’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $170.69, for a total value of $3,072,420.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 10,734 shares of the firm’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $170.98, for a total transaction of $1,835,299.32. Following the completion of the transaction, the chief executive officer now directly owns 64,169 shares of the company’s stock, valued at $10,971,615.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,408 shares of company stock valued at $10,546,494. Insiders own 0.55% of the company’s stock.
Several brokerages have recently issued reports on NEE. Barclays began coverage on shares of NextEra Energy in a research note on Tuesday, July 10th. They set an “equal weight” rating and a $182.00 price target for the company. ValuEngine raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Wells Fargo & Co raised their price objective on shares of NextEra Energy from $180.00 to $191.00 and gave the stock an “outperform” rating in a report on Monday. Morgan Stanley raised their price objective on shares of NextEra Energy from $181.00 to $186.00 and gave the stock a “buy” rating in a report on Tuesday, September 11th. Finally, Scotiabank began coverage on shares of NextEra Energy in a report on Tuesday, July 24th. They issued a “hold” rating and a $70.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $170.00.
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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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