New Mexico Educational Retirement Board cut its stake in NextEra Energy Inc (NYSE:NEE) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,058 shares of the utilities provider’s stock after selling 500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in NextEra Energy were worth $6,310,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in NEE. Hanson McClain Inc. boosted its holdings in shares of NextEra Energy by 6.0% in the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after buying an additional 43 shares during the last quarter. Risk Paradigm Group LLC boosted its holdings in shares of NextEra Energy by 108.1% in the third quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock worth $125,000 after buying an additional 442 shares during the last quarter. Archford Capital Strategies LLC boosted its holdings in shares of NextEra Energy by 76.9% in the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after buying an additional 4,347 shares during the last quarter. Highstreet Asset Management Inc. purchased a new position in NextEra Energy during the second quarter valued at approximately $134,000. Finally, Horan Capital Advisors LLC. purchased a new position in NextEra Energy during the third quarter valued at approximately $134,000. Hedge funds and other institutional investors own 75.38% of the company’s stock.
In other news, CEO Armando Pimentel, Jr. sold 42,372 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 121,958 shares of the company’s stock, valued at $19,202,287.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph T. Kelliher sold 2,000 shares of the business’s stock in a transaction on 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. Insiders sold 74,372 shares of company stock worth $11,517,071 in the last three months. Insiders own 0.53% of the company’s stock.
NextEra Energy Inc (NEE) opened at $155.29 on Thursday. NextEra Energy Inc has a 1-year low of $117.33 and a 1-year high of $159.40. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. The company has a market cap of $72,440.00, a price-to-earnings ratio of 17.45, a PEG ratio of 3.08 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.77 by $0.08. NextEra Energy had a net margin of 17.80% and a return on equity of 12.99%. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. research analysts expect that NextEra Energy Inc will post 6.73 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were issued a $0.9825 dividend. This represents a $3.93 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 44.16%.
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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