Ferris Capital LLC boosted its position in NextEra Energy Inc (NYSE:NEE) by 60.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,966 shares of the utilities provider’s stock after acquiring an additional 4,500 shares during the period. Ferris Capital LLC’s holdings in NextEra Energy were worth $1,869,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Taylor Hoffman Wealth Management purchased a new position in NextEra Energy during the 4th quarter valued at about $106,000. D Orazio & Associates Inc. purchased a new position in NextEra Energy during the 4th quarter valued at about $113,000. Risk Paradigm Group LLC grew its holdings in NextEra Energy by 108.1% during the 3rd quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock valued at $125,000 after buying an additional 442 shares in the last quarter. Archford Capital Strategies LLC grew its holdings in NextEra Energy by 76.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock valued at $128,000 after buying an additional 4,347 shares in the last quarter. Finally, Cerebellum GP LLC purchased a new position in NextEra Energy during the 4th quarter valued at about $128,000. Institutional investors and hedge funds own 75.24% of the company’s stock.
A number of research firms have weighed in on NEE. Morgan Stanley reduced their target price on NextEra Energy from $172.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, February 13th. UBS Group began coverage on NextEra Energy in a report on Friday, February 2nd. They set a “buy” rating and a $177.00 target price for the company. Guggenheim reaffirmed a “buy” rating and set a $182.00 target price on shares of NextEra Energy in a report on Friday, January 26th. Zacks Investment Research raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, January 18th. Finally, Credit Suisse Group began coverage on NextEra Energy in a report on Thursday, December 7th. They set an “outperform” rating and a $173.00 target price for the company. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $161.38.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The business had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the previous year, the firm posted $1.21 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. research analysts forecast that NextEra Energy Inc will post 7.68 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be issued a dividend of $1.11 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.98. This represents a $4.44 annualized dividend and a dividend yield of 2.85%. NextEra Energy’s payout ratio is presently 34.60%.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 9,250 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total value of $1,404,427.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the completion of the sale, the chief executive officer now directly 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. 0.53% of the stock is currently owned by insiders.
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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.
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