NextEra Energy Inc (NEE) Shares Bought by Zeke Capital Advisors LLC
Zeke Capital Advisors LLC increased its stake in NextEra Energy Inc (NYSE:NEE) by 117.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,518 shares of the utilities provider’s stock after purchasing an additional 5,142 shares during the quarter. Zeke Capital Advisors LLC’s holdings in NextEra Energy were worth $1,395,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Amalgamated Bank raised its holdings in NextEra Energy by 1.9% in the 3rd quarter. Amalgamated Bank now owns 53,731 shares of the utilities provider’s stock worth $7,874,000 after purchasing an additional 992 shares during the period. Twin Capital Management Inc. raised its holdings in NextEra Energy by 32.2% in the 3rd quarter. Twin Capital Management Inc. now owns 25,440 shares of the utilities provider’s stock worth $3,728,000 after purchasing an additional 6,190 shares during the period. Cadence Capital Management LLC raised its holdings in NextEra Energy by 28.6% in the 3rd quarter. Cadence Capital Management LLC now owns 28,554 shares of the utilities provider’s stock worth $4,185,000 after purchasing an additional 6,346 shares during the period. Hartland & Co. LLC raised its holdings in NextEra Energy by 12.9% in the 3rd quarter. Hartland & Co. LLC now owns 3,500 shares of the utilities provider’s stock worth $513,000 after purchasing an additional 400 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in NextEra Energy by 9.5% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,074 shares of the utilities provider’s stock worth $5,580,000 after purchasing an additional 3,293 shares during the period. 75.63% of the stock is currently owned by institutional investors.
A number of brokerages recently commented on NEE. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 target price on the stock in a report on Tuesday, December 12th. Credit Suisse Group assumed coverage on NextEra Energy in a research note on Thursday, December 7th. They issued an “outperform” rating and a $173.00 price target for the company. Morgan Stanley increased their price target on NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Argus reiterated a “buy” rating and issued a $173.00 price target on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Finally, Bank of America assumed 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. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $159.00.
In other news, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the completion of the transaction, the chief executive officer now owns 121,958 shares in the company, valued at $19,202,287.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Charles E. Sieving sold 30,485 shares of NextEra Energy 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 completion of the transaction, the executive vice president now owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,857 shares of company stock valued at $15,984,953. Company insiders own 0.53% of the company’s stock.
Shares of NextEra Energy Inc (NYSE:NEE) traded up $0.45 during trading on Monday, hitting $158.43. The stock had a trading volume of 3,493,000 shares, compared to its average volume of 1,700,666. The stock has a market capitalization of $74,525.16, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 3.16 and a beta of 0.31. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. NextEra Energy Inc has a 52-week low of $117.12 and a 52-week high of $159.40.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.08. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $1.74 earnings per share. sell-side analysts forecast that NextEra Energy Inc will post 6.73 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were given a dividend of $0.9825 per share. The ex-dividend date was Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.48%. NextEra Energy’s payout ratio is 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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