Cooper Financial Group lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,196 shares of the utilities provider’s stock after purchasing an additional 158 shares during the quarter. Cooper Financial Group’s holdings in NextEra Energy were worth $1,161,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of NEE. Semmax Financial Advisors Inc. increased its stake in shares of NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 225 shares during the last quarter. Burkett Financial Services LLC boosted its holdings in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares during the period. Reston Wealth Management LLC bought a new stake in shares of NextEra Energy during the 3rd quarter worth $27,000. Quarry LP bought a new stake in shares of NextEra Energy during the 3rd quarter worth $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy during the 3rd quarter worth $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.
Analyst Upgrades and Downgrades
NEE has been the subject of several recent analyst reports. Guggenheim upped their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. BMO Capital Markets increased their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Barclays increased their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $87.15.
NextEra Energy Price Performance
Shares of NYSE NEE traded down $0.63 during trading on Monday, reaching $66.75. The company had a trading volume of 9,095,179 shares, compared to its average volume of 8,424,851. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The stock has a market cap of $137.27 billion, a PE ratio of 19.75, a PEG ratio of 2.66 and a beta of 0.58. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The business’s 50 day moving average price is $74.23 and its 200-day moving average price is $77.32.
NextEra Energy (NYSE:NEE – Get Free Report) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. Analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.
NextEra Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, November 22nd. NextEra Energy’s dividend payout ratio is 60.95%.
Insider Transactions at NextEra Energy
In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by corporate insiders.
NextEra Energy 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,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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