Ellis Investment Partners LLC Boosts Holdings in NextEra Energy Inc (NYSE:NEE)
Ellis Investment Partners LLC boosted its position in shares of NextEra Energy Inc (NYSE:NEE) by 1,493.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 781 shares of the utilities provider’s stock after acquiring an additional 732 shares during the period. Ellis Investment Partners LLC’s holdings in NextEra Energy were worth $181,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. Krane Funds Advisors LLC acquired a new stake in shares of NextEra Energy in the second quarter worth $25,000. TRUE Private Wealth Advisors acquired a new stake in NextEra Energy during the second quarter valued at $25,000. Manchester Financial Inc. acquired a new stake in NextEra Energy during the second quarter valued at $26,000. Legacy Advisors LLC grew its position in NextEra Energy by 1,000.0% during the second quarter. Legacy Advisors LLC now owns 165 shares of the utilities provider’s stock valued at $34,000 after buying an additional 150 shares during the period. Finally, Mizuho Securities Co. Ltd. acquired a new stake in NextEra Energy during the second quarter valued at $41,000. 76.09% of the stock is owned by institutional investors.
Shares of NEE stock traded down $2.86 during trading on Thursday, reaching $230.50. The company’s stock had a trading volume of 7,690 shares, compared to its average volume of 2,128,435. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.42. The company has a market capitalization of $111.42 billion, a price-to-earnings ratio of 30.05, a P/E/G ratio of 3.47 and a beta of 0.18. The stock’s 50-day moving average price is $224.57 and its 200 day moving average price is $207.26. NextEra Energy Inc has a 1-year low of $164.78 and a 1-year high of $234.27.
The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 29th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Wednesday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.
In other NextEra Energy news, CEO James L. Robo sold 44,537 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $216.85, for a total transaction of $9,657,848.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $231.32, for a total transaction of $370,112.00. Following the transaction, the director now owns 16,237 shares of the company’s stock, valued at approximately $3,755,942.84. The disclosure for this sale can be found here. Insiders have sold a total of 97,576 shares of company stock valued at $21,514,886 in the last quarter. 0.48% of the stock is currently owned by company insiders.
NEE has been the topic of several analyst reports. ValuEngine lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co set a $240.00 target price on shares of NextEra Energy and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Bank of America lifted their target price on shares of NextEra Energy from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Morgan Stanley set a $233.00 target price on shares of NextEra Energy and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Barclays lowered shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 target price on the stock. in a research report on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $219.85.
About NextEra Energy
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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