American International Group Inc. Grows Holdings in NextEra Energy Inc (NEE)
American International Group Inc. boosted its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 6.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 148,592 shares of the utilities provider’s stock after acquiring an additional 9,009 shares during the period. American International Group Inc.’s holdings in NextEra Energy were worth $23,209,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Taylor Hoffman Wealth Management purchased a new stake in shares of NextEra Energy in the fourth quarter valued at about $106,000. D Orazio & Associates Inc. purchased a new stake in shares of NextEra Energy in the fourth quarter valued at about $113,000. Risk Paradigm Group LLC raised its holdings in shares of 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 purchasing an additional 442 shares during the last quarter. Archford Capital Strategies LLC raised its holdings in shares of 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. Finally, Cerebellum GP LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at about $128,000. Hedge funds and other institutional investors own 75.50% of the company’s stock.
Shares of NextEra Energy Inc (NYSE NEE) opened at $156.05 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 1.07. The stock has a market cap of $73,410.00, a PE ratio of 13.74, a P/E/G ratio of 2.58 and a beta of 0.28. NextEra Energy Inc has a 1-year low of $125.96 and a 1-year high of $159.64.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be given a dividend of $1.11 per share. This represents a $4.44 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.98. NextEra Energy’s dividend payout ratio (DPR) is currently 34.60%.
NEE has been the subject of several analyst reports. Bank of America initiated coverage on shares of NextEra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price objective for the company. Royal Bank of Canada restated a “buy” rating and set a $156.00 price objective on shares of NextEra Energy in a report on Tuesday, November 7th. Credit Suisse Group initiated coverage on shares of NextEra Energy in a report on Thursday, December 7th. They set an “outperform” rating and a $173.00 price objective for the company. Guggenheim restated a “buy” rating and set a $177.00 price objective on shares of NextEra Energy in a report on Wednesday, January 3rd. Finally, Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a report on Tuesday, December 12th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. NextEra Energy has an average rating of “Buy” and a consensus target price of $161.38.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 9,250 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total transaction of $1,404,427.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the 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 transaction, the chief executive officer now owns 121,958 shares of the company’s stock, valued at approximately $19,202,287.10. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.
NextEra Energy Company 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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