3,584 Shares in NextEra Energy, Inc. (NEE) Purchased by Quotient Investors LLC
Quotient Investors LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,584 shares of the utilities provider’s stock, valued at approximately $525,000.
Other hedge funds also recently bought and sold shares of the company. Hanson McClain Inc. lifted its holdings in NextEra Energy by 6.0% during the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 43 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in NextEra Energy by 8.9% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 71 shares during the period. Archford Capital Strategies LLC lifted its holdings in NextEra Energy by 76.9% during the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after acquiring an additional 4,347 shares during the period. Highstreet Asset Management Inc. bought a new stake in NextEra Energy during the second quarter worth $134,000. Finally, Atlantic Trust LLC bought a new stake in NextEra Energy during the second quarter worth $154,000. Institutional investors own 74.55% of the company’s stock.
A number of brokerages recently commented on NEE. Royal Bank Of Canada reiterated a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a report on Tuesday, November 7th. Bank of America Corporation began coverage on NextEra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price target on the stock. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. KeyCorp restated a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a research note on Thursday, October 12th. Finally, J P Morgan Chase & Co set a $169.00 target price on NextEra Energy and gave the company a “hold” rating in a research note on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. NextEra Energy currently has a consensus rating of “Buy” and a consensus target price of $155.38.
NextEra Energy, Inc. (NEE) opened at $155.92 on Tuesday. The firm has a market capitalization of $73,400.00, a price-to-earnings ratio of 23.39, a PEG ratio of 3.10 and a beta of 0.31. NextEra Energy, Inc. has a 52-week low of $112.63 and a 52-week high of $159.28. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.08. The company had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.74 earnings per share. analysts anticipate that NextEra Energy, Inc. will post 6.73 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a $0.9825 dividend. This represents a $3.93 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 44.16%.
In other news, EVP Joseph T. Kelliher sold 2,000 shares of NextEra Energy stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John W. Ketchum sold 2,900 shares of NextEra Energy stock in a transaction on Monday, September 18th. The shares were sold at an average price of $150.00, for a total value of $435,000.00. Following the completion of the transaction, the executive vice president now owns 18,786 shares of the company’s stock, valued at $2,817,900. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,385 shares of company stock valued at $9,748,482. 0.53% of the stock is owned by company insiders.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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