Sowell Financial Services LLC acquired a new stake in shares of NextEra Energy Inc (NYSE:NEE) during the third quarter, Holdings Channel reports. The fund acquired 2,455 shares of the utilities provider’s stock, valued at approximately $411,000.
Other hedge funds also recently bought and sold shares of the company. Ceredex Value Advisors LLC lifted its position in shares of NextEra Energy by 24.4% during the 3rd quarter. Ceredex Value Advisors LLC now owns 631,886 shares of the utilities provider’s stock valued at $105,904,000 after buying an additional 123,836 shares in the last quarter. WINTON GROUP Ltd lifted its holdings in NextEra Energy by 41.4% in the 2nd quarter. WINTON GROUP Ltd now owns 76,899 shares of the utilities provider’s stock worth $12,844,000 after purchasing an additional 22,516 shares in the last quarter. Hilltop Holdings Inc. lifted its holdings in NextEra Energy by 34.8% in the 2nd quarter. Hilltop Holdings Inc. now owns 3,650 shares of the utilities provider’s stock worth $610,000 after purchasing an additional 942 shares in the last quarter. Busey Trust CO lifted its holdings in NextEra Energy by 6.8% in the 3rd quarter. Busey Trust CO now owns 8,626 shares of the utilities provider’s stock worth $1,445,000 after purchasing an additional 549 shares in the last quarter. Finally, Merit Financial Group LLC lifted its holdings in NextEra Energy by 63.4% in the 3rd quarter. Merit Financial Group LLC now owns 3,746 shares of the utilities provider’s stock worth $627,000 after purchasing an additional 1,454 shares in the last quarter. 75.88% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:NEE opened at $181.71 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.57 and a current ratio of 0.65. NextEra Energy Inc has a 1 year low of $145.10 and a 1 year high of $183.65. The company has a market capitalization of $86.85 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 2.79 and a beta of 0.13.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be paid a $1.11 dividend. This represents a $4.44 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Thursday, November 29th. NextEra Energy’s payout ratio is 66.27%.
In other NextEra Energy news, EVP Charles E. Sieving sold 19,731 shares of NextEra Energy stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $180.10, for a total value of $3,553,553.10. Following the sale, the executive vice president now owns 68,245 shares of the company’s stock, valued at approximately $12,290,924.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 4,920 shares of NextEra Energy stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $170.11, for a total value of $836,941.20. Following the completion of the sale, the chief executive officer now directly owns 59,969 shares in the company, valued at approximately $10,201,326.59. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,941 shares of company stock worth $12,375,100. Corporate insiders own 0.55% of the company’s stock.
A number of research firms recently commented on NEE. Barclays boosted their price target on NextEra Energy from $182.00 to $187.00 and gave the stock a “hold” rating in a report on Monday, November 19th. Royal Bank of Canada boosted their price target on NextEra Energy to $186.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Argus boosted their price target on NextEra Energy from $184.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, October 31st. Credit Suisse Group lowered their price target on NextEra Energy from $185.00 to $173.00 and set an “outperform” rating on the stock in a report on Wednesday, October 24th. Finally, Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 price target on the stock in a report on Friday, October 12th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $175.00.
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NextEra Energy Company Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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