Cedar Hill Associates LLC Purchases New Stake in NextEra Energy Inc (NEE)

Cedar Hill Associates LLC purchased a new position in shares of NextEra Energy Inc (NYSE:NEE) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,892 shares of the utilities provider’s stock, valued at approximately $1,010,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. National Asset Management Inc. lifted its holdings in NextEra Energy by 3.7% in the 1st quarter. National Asset Management Inc. now owns 13,131 shares of the utilities provider’s stock worth $1,689,000 after buying an additional 470 shares during the period. Paloma Partners Management Co lifted its holdings in NextEra Energy by 797.8% in the 1st quarter. Paloma Partners Management Co now owns 64,639 shares of the utilities provider’s stock worth $8,298,000 after buying an additional 57,439 shares during the period. Shelton Capital Management lifted its holdings in NextEra Energy by 31.7% in the 1st quarter. Shelton Capital Management now owns 15,545 shares of the utilities provider’s stock worth $1,996,000 after buying an additional 3,746 shares during the period. Edgestream Partners L.P. lifted its holdings in NextEra Energy by 398.2% in the 1st quarter. Edgestream Partners L.P. now owns 34,142 shares of the utilities provider’s stock worth $4,383,000 after buying an additional 27,289 shares during the period. Finally, Flagship Harbor Advisors LLC lifted its holdings in NextEra Energy by 1.0% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,720 shares of the utilities provider’s stock worth $355,000 after buying an additional 26 shares during the period. Institutional investors and hedge funds own 75.38% of the company’s stock.

Several equities research analysts have weighed in on the company. Argus reiterated a “buy” rating and issued a $173.00 price objective on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. JPMorgan Chase & Co. assumed coverage on NextEra Energy in a report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price objective for the company. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a report on Tuesday, October 10th. Morgan Stanley increased their price objective on NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Finally, KeyCorp reiterated a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a report on Thursday, October 12th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. NextEra Energy presently has an average rating of “Buy” and an average price target of $159.00.

In other news, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total value of $6,671,471.40. Following the completion of the transaction, the chief executive officer now owns 121,958 shares of the company’s stock, valued at approximately $19,202,287.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,372 shares of company stock valued at $11,517,071. 0.53% of the stock is currently owned by company insiders.

NextEra Energy Inc (NYSE NEE) opened at $154.54 on Tuesday. The company has a market capitalization of $72,695.24, a P/E ratio of 17.36, a PEG ratio of 3.08 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. NextEra Energy Inc has a one year low of $117.33 and a one year high of $159.40.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.08. The company had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $1.74 EPS. analysts expect that NextEra Energy Inc will post 6.73 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were paid a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Wednesday, November 22nd. NextEra Energy’s payout ratio is presently 44.16%.

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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.

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

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