NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Increased by Contravisory Investment Management Inc.
Contravisory Investment Management Inc. increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 302.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,292 shares of the utilities provider’s stock after purchasing an additional 67,098 shares during the quarter. NextEra Energy accounts for 2.1% of Contravisory Investment Management Inc.’s holdings, making the stock its 13th biggest position. Contravisory Investment Management Inc.’s holdings in NextEra Energy were worth $6,889,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in NEE. Arlington Partners LLC raised its holdings in shares of NextEra Energy by 97.0% in the 4th quarter. Arlington Partners LLC now owns 329 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 162 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of NextEra Energy in the 3rd quarter worth approximately $27,000. Demars Financial Group LLC bought a new stake in shares of NextEra Energy in the 2nd quarter worth approximately $30,000. Baron Financial Group LLC acquired a new stake in shares of NextEra Energy during the third quarter valued at approximately $41,000. Finally, Professional Financial Advisors LLC acquired a new stake in shares of NextEra Energy during the third quarter valued at approximately $45,000. Institutional investors and hedge funds own 17.93% of the company’s stock.
In other NextEra Energy news, EVP Charles E. Sieving sold 121,096 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $74.96, for a total transaction of $9,077,356.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John W. Ketchum sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 22nd. The shares were sold at an average price of $74.44, for a total value of $297,760.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 336,188 shares of company stock worth $24,990,497. Corporate insiders own 0.40% of the company’s stock.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $5.31 billion. NextEra Energy had a net margin of 21.44% and a return on equity of 10.79%. NextEra Energy’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 EPS. Research analysts anticipate that NextEra Energy, Inc. will post 2.29 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 15th. Shareholders of record on Friday, November 27th were issued a dividend of $1.40 per share. The ex-dividend date was Wednesday, November 25th. This represents a $5.60 annualized dividend and a yield of 6.84%. NextEra Energy’s dividend payout ratio (DPR) is currently 66.99%.
Several equities analysts have weighed in on the stock. Seaport Global Securities began coverage on shares of NextEra Energy in a research report on Tuesday, September 22nd. They set a “buy” rating and a $57.25 price objective on the stock. JPMorgan Chase & Co. raised their target price on NextEra Energy from $72.25 to $74.25 and gave the stock an “overweight” rating in a research report on Tuesday, September 22nd. Credit Suisse Group raised their target price on NextEra Energy from $76.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 6th. ValuEngine cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, December 1st. Finally, Mizuho raised their target price on NextEra Energy from $64.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $73.08.
NextEra Energy Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, and distributes electric power in North America. The company generates electricity through wind, solar, nuclear, coal, oil, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, natural gas pipelines, and battery storage projects; and owns, develops, constructs, manages, and operates electric generation facilities in wholesale energy markets.
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