Tandem Investment Advisors Inc. lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,950 shares of the utilities provider’s stock after acquiring an additional 1,683 shares during the period. NextEra Energy makes up 2.3% of Tandem Investment Advisors Inc.’s portfolio, making the stock its 24th biggest position. Tandem Investment Advisors Inc.’s holdings in NextEra Energy were worth $5,738,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new stake in shares of NextEra Energy in the second quarter worth $1,289,000. Almanack Investment Partners LLC. grew its holdings in NextEra Energy by 64.6% during the 2nd quarter. Almanack Investment Partners LLC. now owns 2,163 shares of the utilities provider’s stock valued at $303,000 after purchasing an additional 849 shares in the last quarter. Salem Investment Counselors Inc. grew its holdings in NextEra Energy by 12.7% during the 1st quarter. Salem Investment Counselors Inc. now owns 9,001 shares of the utilities provider’s stock valued at $1,154,000 after purchasing an additional 1,012 shares in the last quarter. NGAM Advisors L.P. grew its holdings in NextEra Energy by 8.9% during the 2nd quarter. NGAM Advisors L.P. now owns 63,026 shares of the utilities provider’s stock valued at $8,832,000 after purchasing an additional 5,175 shares in the last quarter. Finally, Capital One National Association grew its holdings in NextEra Energy by 30.9% during the 2nd quarter. Capital One National Association now owns 21,617 shares of the utilities provider’s stock valued at $3,030,000 after purchasing an additional 5,099 shares in the last quarter. 75.23% of the stock is owned by institutional investors.
NextEra Energy, Inc. (NYSE NEE) opened at $157.29 on Friday. NextEra Energy, Inc. has a 52 week low of $112.63 and a 52 week high of $159.28. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. The company has a market cap of $74,021.77, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 3.13 and a beta of 0.31.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.9825 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a yield of 2.50%. NextEra Energy’s dividend payout ratio (DPR) is 44.16%.
In other news, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total value of $4,545,600.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Joseph T. Kelliher sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $150.00, for a total transaction of $300,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,385 shares of company stock worth $9,748,482. Insiders own 0.53% of the company’s stock.
NEE has been the subject of a number of recent analyst reports. The Goldman Sachs Group, Inc. initiated coverage on shares of NextEra Energy in a report on Monday, July 24th. They set a “buy” rating and a $160.00 price target for the company. BidaskClub raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Morgan Stanley raised their price target on shares of NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, KeyCorp reaffirmed a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a report on Friday, September 1st. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $155.38.
NextEra Energy Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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