Ritholtz Wealth Management lessened its holdings in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 19.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,112 shares of the utilities provider’s stock after selling 3,092 shares during the period. Ritholtz Wealth Management’s holdings in NextEra Energy were worth $1,011,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in NEE. Norges Bank purchased a new stake in shares of NextEra Energy in the fourth quarter worth $2,774,845,000. Moneta Group Investment Advisors LLC raised its position in NextEra Energy by 66,613.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock valued at $2,530,055,000 after purchasing an additional 30,218,452 shares in the last quarter. Vanguard Group Inc. raised its position in NextEra Energy by 2.1% during the third quarter. Vanguard Group Inc. now owns 189,253,007 shares of the utilities provider’s stock valued at $14,839,329,000 after purchasing an additional 3,870,385 shares in the last quarter. Macquarie Group Ltd. raised its position in NextEra Energy by 34.7% during the second quarter. Macquarie Group Ltd. now owns 6,737,043 shares of the utilities provider’s stock valued at $431,713,000 after purchasing an additional 1,735,904 shares in the last quarter. Finally, CI Private Wealth LLC purchased a new stake in NextEra Energy during the fourth quarter valued at about $128,490,000. Hedge funds and other institutional investors own 77.70% of the company’s stock.
Insider Buying and Selling at NextEra Energy
In other news, CEO John W. Ketchum acquired 13,600 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were acquired at an average cost of $74.26 per share, with a total value of $1,009,936.00. Following the transaction, the chief executive officer now owns 184,485 shares in the company, valued at approximately $13,699,856.10. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other NextEra Energy news, EVP Robert Coffey sold 4,000 shares of NextEra Energy stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $74.90, for a total transaction of $299,600.00. Following the sale, the executive vice president now directly owns 11,292 shares of the company’s stock, valued at approximately $845,770.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John W. Ketchum bought 13,600 shares of the stock in a transaction dated Wednesday, June 14th. The shares were acquired at an average price of $74.26 per share, with a total value of $1,009,936.00. Following the completion of the acquisition, the chief executive officer now directly owns 184,485 shares of the company’s stock, valued at approximately $13,699,856.10. The disclosure for this purchase can be found here. Insiders own 0.38% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Erste Group Bank upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, March 28th. Guggenheim lowered their price target on NextEra Energy from $96.00 to $92.00 in a research report on Monday, April 24th. StockNews.com assumed coverage on NextEra Energy in a research report on Thursday, May 18th. They set a “hold” rating on the stock. The Goldman Sachs Group began coverage on NextEra Energy in a research report on Wednesday, June 7th. They set a “buy” rating and a $90.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on NextEra Energy from $93.00 to $85.00 in a research note on Thursday, June 8th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $91.67.
NextEra Energy Stock Up 1.9 %
NYSE NEE opened at $74.20 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a market capitalization of $150.14 billion, a PE ratio of 22.08, a PEG ratio of 2.80 and a beta of 0.47. NextEra Energy, Inc. has a 1 year low of $69.64 and a 1 year high of $91.35. The business’s 50-day moving average is $74.93 and its 200 day moving average is $77.13.
NextEra Energy (NYSE:NEE – Free Report) last posted its earnings results on Tuesday, April 25th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.09. The company had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $5.78 billion. NextEra Energy had a return on equity of 12.44% and a net margin of 26.97%. During the same period last year, the firm earned $0.74 earnings per share. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.11 earnings per share for the current year.
NextEra Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Tuesday, May 30th were given a dividend of $0.4675 per share. The ex-dividend date of this dividend was Friday, May 26th. This represents a $1.87 annualized dividend and a yield of 2.52%. NextEra Energy’s payout ratio is 55.65%.
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, coal, and natural gas facilities. 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.
Further Reading
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