Wendell David Associates Inc. Boosts Position in NextEra Energy, Inc. (NEE)
Wendell David Associates Inc. increased its position in NextEra Energy, Inc. (NYSE:NEE) by 24.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,463 shares of the utilities provider’s stock after purchasing an additional 10,000 shares during the period. NextEra Energy accounts for about 1.3% of Wendell David Associates Inc.’s investment portfolio, making the stock its 24th biggest holding. Wendell David Associates Inc.’s holdings in NextEra Energy were worth $7,395,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Day & Ennis LLC grew its stake in NextEra Energy by 0.6% in the first quarter. Day & Ennis LLC now owns 2,174 shares of the utilities provider’s stock worth $279,000 after purchasing an additional 14 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in NextEra Energy by 0.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 4,745 shares of the utilities provider’s stock worth $665,000 after purchasing an additional 15 shares in the last quarter. Whalerock Point Partners LLC grew its stake in NextEra Energy by 0.3% in the second quarter. Whalerock Point Partners LLC now owns 5,598 shares of the utilities provider’s stock worth $784,000 after purchasing an additional 15 shares in the last quarter. First Interstate Bank grew its stake in NextEra Energy by 1.3% in the second quarter. First Interstate Bank now owns 1,259 shares of the utilities provider’s stock worth $176,000 after purchasing an additional 16 shares in the last quarter. Finally, Sfmg LLC grew its stake in NextEra Energy by 0.7% in the second quarter. Sfmg LLC now owns 2,679 shares of the utilities provider’s stock worth $375,000 after purchasing an additional 19 shares in the last quarter. Institutional investors and hedge funds own 74.55% of the company’s stock.
In other news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total transaction of $4,545,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total value of $4,467,881.60. Following the transaction, the executive vice president now owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,385 shares of company stock valued at $9,748,482. Insiders own 0.53% of the company’s stock.
NextEra Energy, Inc. (NEE) opened at $156.21 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $73,344.40, a P/E ratio of 23.38, 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.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.08. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The business’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.74 earnings per share. research analysts anticipate that NextEra Energy, Inc. will post 6.73 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.9825 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 annualized dividend and a dividend yield of 2.52%. NextEra Energy’s dividend payout ratio is presently 44.16%.
A number of research firms recently commented on NEE. Bank of America Corporation began coverage on NextEra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price target for the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $156.00 price target on shares of NextEra Energy in a research note on Tuesday, November 7th. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. KeyCorp reiterated a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research note on Friday, September 1st. Finally, J P Morgan Chase & Co set a $169.00 price target on NextEra Energy and gave the stock a “hold” rating in a research note on Thursday, October 12th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $155.38.
NextEra Energy Profile
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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