Freedom Investment Management Inc. lowered its stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 6.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,645 shares of the utilities provider’s stock after selling 791 shares during the quarter. Freedom Investment Management Inc.’s holdings in NextEra Energy were worth $984,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. Reston Wealth Management LLC bought a new stake in shares of NextEra Energy during the third quarter worth $27,000. Semmax Financial Advisors Inc. boosted its holdings in shares of NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares in the last quarter. Proffitt & Goodson Inc. grew its position in NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 144 shares during the last quarter. Valley Wealth Managers Inc. acquired a new position in NextEra Energy in the 2nd quarter worth about $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in NextEra Energy in the third quarter valued at about $39,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.18% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Report on NEE
NextEra Energy Price Performance
NextEra Energy stock opened at $78.52 on Friday. The stock has a market capitalization of $161.47 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 2.77 and a beta of 0.57. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The stock’s 50 day moving average price is $80.40 and its two-hundred day moving average price is $77.80.
NextEra Energy (NYSE:NEE – Get Free Report) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period in the prior year, the firm earned $0.94 earnings per share. NextEra Energy’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.
NextEra Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.
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,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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