Successful Portfolios LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,038 shares of the utilities provider’s stock after purchasing an additional 280 shares during the quarter. Successful Portfolios LLC’s holdings in NextEra Energy were worth $1,061,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Northwest Investment Counselors LLC acquired a new position in shares of NextEra Energy during the 1st quarter valued at $29,000. Cullinan Associates Inc. increased its stake in NextEra Energy by 6.4% in the first quarter. Cullinan Associates Inc. now owns 121,755 shares of the utilities provider’s stock valued at $9,206,000 after purchasing an additional 7,335 shares in the last quarter. Wendell David Associates Inc. increased its stake in NextEra Energy by 3.4% in the first quarter. Wendell David Associates Inc. now owns 219,972 shares of the utilities provider’s stock valued at $16,632,000 after purchasing an additional 7,264 shares in the last quarter. First United Bank Trust raised its holdings in shares of NextEra Energy by 19.0% during the first quarter. First United Bank Trust now owns 11,085 shares of the utilities provider’s stock valued at $838,000 after purchasing an additional 1,770 shares during the period. Finally, Cabot Wealth Management Inc. boosted its position in shares of NextEra Energy by 6.1% during the 1st quarter. Cabot Wealth Management Inc. now owns 34,812 shares of the utilities provider’s stock worth $2,632,000 after purchasing an additional 1,992 shares in the last quarter. 19.20% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Eric E. Silagy sold 9,268 shares of the business’s stock in a transaction that occurred on Thursday, April 15th. The shares were sold at an average price of $80.00, for a total value of $741,440.00. Following the sale, the chief executive officer now owns 144,977 shares of the company’s stock, valued at $11,598,160. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Ronald R. Reagan sold 3,750 shares of the company’s stock in a transaction that occurred on Thursday, April 15th. The shares were sold at an average price of $80.00, for a total transaction of $300,000.00. Following the sale, the executive vice president now owns 32,209 shares in the company, valued at $2,576,720. The disclosure for this sale can be found here. Insiders have sold a total of 192,680 shares of company stock valued at $14,718,893 in the last quarter. 0.40% of the stock is owned by corporate insiders.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 20th. The utilities provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.08. NextEra Energy had a return on equity of 10.79% and a net margin of 21.44%. The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the company earned $0.59 earnings per share. NextEra Energy’s revenue was down 19.2% compared to the same quarter last year. Sell-side analysts anticipate that NextEra Energy, Inc. will post 2.3 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Friday, February 26th were paid a dividend of $0.385 per share. The ex-dividend date was Thursday, February 25th. This represents a $1.54 annualized dividend and a dividend yield of 1.95%. NextEra Energy’s payout ratio is 73.68%.
NEE has been the topic of a number of research reports. Morgan Stanley upped their price target on NextEra Energy from $66.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Mizuho boosted their price objective on NextEra Energy from $64.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 11th. Wells Fargo & Company increased their target price on NextEra Energy from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 27th. Barclays upped their target price on shares of NextEra Energy from $78.00 to $82.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Sanford C. Bernstein began coverage on NextEra Energy in a research note on Tuesday, March 9th. They issued an “outperform” rating and a $88.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. NextEra Energy currently has an average rating of “Buy” and a consensus target price of $78.83.
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 fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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