Marshall Financial Group LLC Raises Position in NextEra Energy, Inc. (NYSE:NEE)

Marshall Financial Group LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,904 shares of the utilities provider’s stock after buying an additional 144 shares during the period. Marshall Financial Group LLC’s holdings in NextEra Energy were worth $220,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Parsec Financial Management Inc. increased its holdings in shares of NextEra Energy by 297.6% during the 4th quarter. Parsec Financial Management Inc. now owns 34,358 shares of the utilities provider’s stock worth $2,651,000 after buying an additional 25,716 shares during the last quarter. Glenview Trust Co increased its holdings in shares of NextEra Energy by 299.0% during the 4th quarter. Glenview Trust Co now owns 40,023 shares of the utilities provider’s stock worth $3,087,000 after buying an additional 29,991 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of NextEra Energy by 388.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 29,675 shares of the utilities provider’s stock worth $2,289,000 after buying an additional 23,603 shares during the last quarter. CENTRAL TRUST Co increased its holdings in shares of NextEra Energy by 296.1% during the 4th quarter. CENTRAL TRUST Co now owns 227,754 shares of the utilities provider’s stock worth $17,571,000 after buying an additional 170,258 shares during the last quarter. Finally, Meitav Dash Investments Ltd. increased its holdings in shares of NextEra Energy by 298.5% during the 4th quarter. Meitav Dash Investments Ltd. now owns 449,847 shares of the utilities provider’s stock worth $34,704,000 after buying an additional 336,954 shares during the last quarter. Institutional investors and hedge funds own 19.20% of the company’s stock.

NYSE:NEE opened at $78.32 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.57 and a quick ratio of 0.48. NextEra Energy, Inc. has a 1-year low of $55.65 and a 1-year high of $87.69. The firm has a 50-day moving average of $75.34 and a two-hundred day moving average of $77.88. The stock has a market cap of $153.62 billion, a P/E ratio of 39.46, a PEG ratio of 4.07 and a beta of 0.16.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 20th. The utilities provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.59 by $0.08. NextEra Energy had a net margin of 21.44% and a return on equity of 10.79%. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter last year, the company posted $0.59 earnings per share. The company’s quarterly revenue was down 19.2% compared to the same quarter last year. As a group, equities analysts expect that NextEra Energy, Inc. will post 2.3 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Friday, February 26th were given a dividend of $0.385 per share. The ex-dividend date of this dividend was Thursday, February 25th. This represents a $1.54 annualized dividend and a dividend yield of 1.97%. NextEra Energy’s payout ratio is 73.68%.

In other news, CEO James L. Robo sold 118,000 shares of the stock in a transaction dated Tuesday, March 2nd. The shares were sold at an average price of $76.02, for a total transaction of $8,970,360.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Eric E. Silagy sold 28,564 shares of the firm’s stock in a transaction dated Monday, March 15th. The stock was sold at an average price of $75.63, for a total transaction of $2,160,295.32. Following the completion of the transaction, the chief executive officer now directly owns 182,607 shares in the company, valued at approximately $13,810,567.41. The disclosure for this sale can be found here. Insiders have sold 192,680 shares of company stock worth $14,718,893 in the last ninety days. Corporate insiders own 0.40% of the company’s stock.

NEE has been the subject of several recent research reports. Bank of America reiterated a “buy” rating and issued a $81.00 price target on shares of NextEra Energy in a report on Friday, January 15th. Mizuho increased their price target on NextEra Energy from $64.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 11th. Barclays increased their price target on NextEra Energy from $78.00 to $82.00 and gave the company an “equal weight” rating in a report on Monday. Morgan Stanley increased their price target on NextEra Energy from $66.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Sanford C. Bernstein assumed coverage on NextEra Energy in a report on Tuesday, March 9th. They issued an “outperform” rating and a $88.00 price target for the company. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $78.83.

About NextEra Energy

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.

Read More: Why do analysts give a neutral rating?

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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