Alliance Wealth Management Group Takes Position in NextEra Energy Inc (NEE)
Alliance Wealth Management Group acquired a new stake in NextEra Energy Inc (NYSE:NEE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,104 shares of the utilities provider’s stock, valued at approximately $308,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hanson McClain Inc. lifted its position 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 buying an additional 43 shares during the last quarter. Risk Paradigm Group LLC lifted its position in NextEra Energy by 108.1% in the third quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock valued at $125,000 after buying an additional 442 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position 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 buying an additional 71 shares during the last quarter. Horan Capital Advisors LLC. acquired a new position in NextEra Energy in the third quarter valued at about $134,000. Finally, Highstreet Asset Management Inc. acquired a new position in NextEra Energy in the second quarter valued at about $134,000. 75.63% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have commented on NEE. Morgan Stanley upped their target price on shares of NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 target price on the stock in a research report on Tuesday. Argus reaffirmed a “buy” rating and issued a $173.00 target price on shares of NextEra Energy in a research report on Tuesday, December 5th. They noted that the move was a valuation call. Credit Suisse Group began coverage on shares of NextEra Energy in a research report on Thursday, December 7th. They issued an “outperform” rating and a $173.00 target price on the stock. Finally, J P Morgan Chase & Co set a $169.00 target price on shares of NextEra Energy and gave the company a “hold” rating in a research report on Thursday, October 12th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $159.00.
In other news, EVP Charles E. Sieving sold 30,485 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the sale, the executive vice president now owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the completion of the sale, the chief executive officer now directly owns 121,958 shares in the company, valued at approximately $19,202,287.10. The disclosure for this sale can be found here. Insiders have sold 107,757 shares of company stock worth $16,419,953 in the last three months. Corporate insiders own 0.53% of the company’s stock.
Shares of NextEra Energy Inc (NYSE NEE) traded up $1.51 on Friday, hitting $157.98. 2,226,900 shares of the stock traded hands, compared to its average volume of 1,693,228. The firm has a market capitalization of $73,603.12, a PE ratio of 23.46, a PEG ratio of 3.12 and a beta of 0.31. NextEra Energy Inc has a 1-year low of $114.85 and a 1-year high of $159.40. 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 issued its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.74 earnings per share. equities research analysts forecast that NextEra Energy Inc will post 6.73 EPS for the current year.
The firm 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 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 2.49%. NextEra Energy’s dividend payout ratio is presently 44.16%.
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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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