Berkshire Asset Management LLC PA Boosts Holdings in NextEra Energy Inc (NEE)
Berkshire Asset Management LLC PA raised its position in NextEra Energy Inc (NYSE:NEE) by 36.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,767 shares of the utilities provider’s stock after purchasing an additional 732 shares during the period. Berkshire Asset Management LLC PA’s holdings in NextEra Energy were worth $406,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of NEE. Hanson McClain Inc. grew its holdings in NextEra Energy by 6.0% in the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 43 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 71 shares during the last quarter. Archford Capital Strategies LLC grew its holdings in NextEra Energy by 76.9% in the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 4,347 shares during the last quarter. Highstreet Asset Management Inc. acquired a new stake in shares of NextEra Energy during the second quarter valued at $134,000. Finally, Atlantic Trust LLC acquired a new stake in shares of NextEra Energy during the second quarter valued at $154,000. 75.63% of the stock is currently owned by institutional investors.
In related news, Director James L. Robo sold 30,000 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total transaction of $4,545,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Charles E. Sieving sold 30,485 shares of the stock in a transaction dated 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 in the company, valued at $11,456,155.52. The disclosure for this sale can be found here. Insiders have sold 65,385 shares of company stock worth $9,748,482 over the last quarter. 0.53% of the stock is currently owned by company insiders.
A number of analysts recently commented on the company. Morgan Stanley increased their price objective on NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. J P Morgan Chase & Co assumed coverage on NextEra Energy in a research note on Thursday, September 7th. They set an “overweight” rating and a $173.00 price objective on the stock. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price objective on the stock in a research note on Tuesday, October 10th. KeyCorp reaffirmed a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a research note on Thursday, October 12th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $156.00 price objective on shares of NextEra Energy in a research note on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $155.38.
NextEra Energy Inc (NYSE:NEE) traded down $0.57 on Friday, hitting $157.47. The company had a trading volume of 1,428,100 shares, compared to its average volume of 1,684,210. 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 firm has a market capitalization of $74,224.04, a price-to-earnings ratio of 23.66, a P/E/G ratio of 3.14 and a beta of 0.31. NextEra Energy Inc has a fifty-two week low of $113.18 and a fifty-two week high of $159.28.
NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the prior year, the business posted $1.74 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. research analysts forecast that NextEra Energy Inc will post 6.73 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors 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 yield of 2.50%. NextEra Energy’s dividend payout ratio (DPR) is presently 44.16%.
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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