180 Wealth Advisors LLC increased its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 17.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,460 shares of the utilities provider’s stock after buying an additional 669 shares during the quarter. 180 Wealth Advisors LLC’s holdings in NextEra Energy were worth $1,024,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Krane Funds Advisors LLC purchased a new position in NextEra Energy during the second quarter worth about $25,000. TRUE Private Wealth Advisors purchased a new position in NextEra Energy during the second quarter worth about $25,000. Manchester Financial Inc. purchased a new position in shares of NextEra Energy in the 2nd quarter worth about $26,000. First PREMIER Bank purchased a new position in shares of NextEra Energy in the 3rd quarter worth about $33,000. Finally, Vista Private Wealth Partners. LLC purchased a new position in shares of NextEra Energy in the 3rd quarter worth about $36,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.
In other NextEra Energy news, CEO James L. Robo sold 44,537 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $216.85, for a total transaction of $9,657,848.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Paul I. Cutler sold 23,750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $223.59, for a total value of $5,310,262.50. Following the sale, the treasurer now owns 93,462 shares of the company’s stock, valued at approximately $20,897,168.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,576 shares of company stock worth $21,514,886. Company insiders own 0.48% of the company’s stock.
NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 22nd. The utilities provider reported $2.39 EPS for the quarter, beating the consensus estimate of $2.27 by $0.12. The business had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.14 billion. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The company’s revenue was up 26.1% on a year-over-year basis. During the same period last year, the business posted $2.18 EPS. Analysts predict that NextEra Energy Inc will post 8.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.12%. NextEra Energy’s payout ratio is currently 64.94%.
A number of equities analysts have recently commented on NEE shares. KeyCorp raised their price objective on NextEra Energy from $231.00 to $242.00 and gave the stock an “overweight” rating in a report on Monday. UBS Group raised their price objective on NextEra Energy from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Wells Fargo & Co set a $240.00 price objective on NextEra Energy and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Morgan Stanley raised their price objective on NextEra Energy from $241.00 to $242.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, Credit Suisse Group raised their price objective on NextEra Energy from $231.00 to $232.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. NextEra Energy has a consensus rating of “Buy” and an average price target of $224.00.
NextEra Energy 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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