Clifford Swan Investment Counsel LLC lifted its stake in NextEra Energy Inc (NYSE:NEE) by 41.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,289 shares of the utilities provider’s stock after acquiring an additional 3,000 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in NextEra Energy were worth $1,607,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Taylor Hoffman Wealth Management purchased a new position in NextEra Energy during the 4th quarter worth $106,000. D Orazio & Associates Inc. purchased a new position in NextEra Energy during the 4th quarter worth $113,000. Risk Paradigm Group LLC grew its stake in NextEra Energy by 108.1% during the 3rd 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 grew its stake 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 worth $128,000 after buying an additional 4,347 shares during the last quarter. Finally, Cerebellum GP LLC purchased a new position in NextEra Energy during the 4th quarter worth $128,000. 75.50% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on NEE. Morgan Stanley dropped their target price on NextEra Energy from $172.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 13th. UBS Group began coverage on NextEra Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $177.00 target price on the stock. Guggenheim restated a “buy” rating and set a $182.00 target price on shares of NextEra Energy in a research note on Friday, January 26th. Zacks Investment Research upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, January 18th. Finally, Credit Suisse Group started coverage on NextEra Energy in a research note on Thursday, December 7th. They set an “outperform” rating and a $173.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. NextEra Energy has an average rating of “Buy” and a consensus price target of $161.38.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.06). The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.18 billion. NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm earned $1.21 EPS. sell-side analysts expect that NextEra Energy Inc will post 7.68 earnings per share for the current year.
The business 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 $1.11 dividend. This represents a $4.44 annualized dividend and a dividend yield of 2.85%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.98. NextEra Energy’s payout ratio is 34.50%.
In other news, CEO Armando Pimentel, Jr. sold 42,372 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 121,958 shares of the company’s stock, valued at approximately $19,202,287.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total value of $1,404,427.50. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.
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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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