Gilman Hill Asset Management LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 12.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,575 shares of the utilities provider’s stock after purchasing an additional 1,043 shares during the period. Gilman Hill Asset Management LLC’s holdings in NextEra Energy were worth $724,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Alliance lifted its holdings in NextEra Energy by 3.5% during the 3rd quarter. Wealth Alliance now owns 4,026 shares of the utilities provider’s stock valued at $1,117,000 after buying an additional 135 shares in the last quarter. Courier Capital LLC increased its holdings in NextEra Energy by 1.8% during the 1st quarter. Courier Capital LLC now owns 9,302 shares of the utilities provider’s stock worth $703,000 after purchasing an additional 160 shares during the period. Arlington Partners LLC raised its position in NextEra Energy by 97.0% during the 4th quarter. Arlington Partners LLC now owns 329 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 162 shares in the last quarter. Eudaimonia Partners LLC grew its position in shares of NextEra Energy by 1.6% during the 3rd quarter. Eudaimonia Partners LLC now owns 10,890 shares of the utilities provider’s stock worth $3,023,000 after buying an additional 170 shares in the last quarter. Finally, Means Investment CO. Inc. raised its holdings in shares of NextEra Energy by 0.9% in the first quarter. Means Investment CO. Inc. now owns 21,950 shares of the utilities provider’s stock valued at $1,660,000 after acquiring an additional 194 shares in the last quarter. 19.20% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on NEE shares. Morgan Stanley upped their price target on shares of NextEra Energy from $66.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Mizuho boosted their price target on NextEra Energy from $64.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 11th. Sanford C. Bernstein began coverage on NextEra Energy in a research report on Tuesday, March 9th. They set an “outperform” rating and a $88.00 price objective on the stock. Barclays increased their price target on shares of NextEra Energy from $78.00 to $82.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 27th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $78.83.

In other news, CEO Eric E. Silagy sold 28,564 shares of the firm’s stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $75.63, for a total value of $2,160,295.32. Following the completion of the transaction, the chief executive officer now owns 182,607 shares of the company’s stock, valued at $13,810,567.41. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO James L. Robo sold 118,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 2nd. The shares were sold at an average price of $76.02, for a total transaction of $8,970,360.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 192,680 shares of company stock valued at $14,718,893. 0.40% of the stock is owned by company insiders.

NEE stock opened at $80.53 on Wednesday. NextEra Energy, Inc. has a 1 year low of $55.65 and a 1 year high of $87.69. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.57 and a quick ratio of 0.48. The firm has a market capitalization of $157.96 billion, a PE ratio of 40.57, a price-to-earnings-growth ratio of 4.07 and a beta of 0.16. The business has a 50 day simple moving average of $75.20 and a 200-day simple moving average of $77.79.

NextEra Energy (NYSE:NEE) last issued its earnings results on Monday, January 25th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.02. NextEra Energy had a return on equity of 10.79% and a net margin of 21.44%. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the prior year, the business earned $0.36 EPS. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. On average, equities research analysts expect that NextEra Energy, Inc. will post 2.3 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Friday, February 26th were issued a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Thursday, February 25th. NextEra Energy’s dividend payout ratio is currently 73.68%.

NextEra Energy Company Profile

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 fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

Further Reading: P/E Growth (PEG)

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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