Royal Harbor Partners LLC grew its position in NextEra Energy, Inc. (NYSE:NEE) by 79.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,446 shares of the utilities provider’s stock after acquiring an additional 2,406 shares during the quarter. Royal Harbor Partners LLC’s holdings in NextEra Energy were worth $412,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. HighPoint Advisor Group LLC boosted its holdings in shares of NextEra Energy by 1.4% in the first quarter. HighPoint Advisor Group LLC now owns 52,187 shares of the utilities provider’s stock valued at $4,067,000 after acquiring an additional 719 shares during the period. Acorn Financial Advisory Services Inc. ADV raised its stake in shares of NextEra Energy by 11.4% during the first quarter. Acorn Financial Advisory Services Inc. ADV now owns 6,170 shares of the utilities provider’s stock worth $468,000 after purchasing an additional 633 shares during the last quarter. E&G Advisors LP raised its stake in shares of NextEra Energy by 3.7% during the first quarter. E&G Advisors LP now owns 19,934 shares of the utilities provider’s stock worth $1,507,000 after purchasing an additional 706 shares during the last quarter. Ipswich Investment Management Co. Inc. raised its stake in shares of NextEra Energy by 217.0% during the first quarter. Ipswich Investment Management Co. Inc. now owns 42,780 shares of the utilities provider’s stock worth $3,235,000 after purchasing an additional 29,284 shares during the last quarter. Finally, Novak Financial Planning LLC raised its stake in shares of NextEra Energy by 4.1% during the first quarter. Novak Financial Planning LLC now owns 6,602 shares of the utilities provider’s stock worth $499,000 after purchasing an additional 263 shares during the last quarter. 19.20% of the stock is owned by institutional investors and hedge funds.
NextEra Energy stock traded up $0.01 during trading hours on Monday, hitting $77.95. The stock had a trading volume of 177,984 shares, compared to its average volume of 9,097,126. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.57 and a quick ratio of 0.48. The stock has a market capitalization of $152.89 billion, a price-to-earnings ratio of 39.23, a PEG ratio of 4.07 and a beta of 0.16. NextEra Energy, Inc. has a 1-year low of $55.65 and a 1-year high of $87.69. The stock’s fifty day moving average is $74.41 and its two-hundred day moving average is $77.28.
NextEra Energy (NYSE:NEE) last posted its earnings results on Monday, January 25th. The utilities provider reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.02. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $5.71 billion. NextEra Energy had a return on equity of 10.79% and a net margin of 21.44%. NextEra Energy’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 earnings per share. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 2.3 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Friday, February 26th were issued a $0.385 dividend. This represents a $1.54 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Thursday, February 25th. NextEra Energy’s dividend payout ratio (DPR) is 73.68%.
Several research firms have recently commented on NEE. Sanford C. Bernstein began coverage on NextEra Energy in a research note on Tuesday, March 9th. They set an “outperform” rating and a $88.00 price target for the company. Morgan Stanley cut their price target on NextEra Energy from $77.00 to $66.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 16th. Wells Fargo & Company upped their price target on NextEra Energy from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 27th. Bank of America restated a “buy” rating and set a $81.00 price target on shares of NextEra Energy in a research note on Friday, January 15th. Finally, Credit Suisse Group upgraded NextEra Energy from a “neutral” rating to an “outperform” rating and cut their price objective for the stock from $87.00 to $85.00 in a research report on Monday, March 15th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. NextEra Energy currently has an average rating of “Buy” and a consensus target price of $78.18.
In related news, CEO Eric E. Silagy sold 14,131 shares of the stock in a transaction on Wednesday, April 7th. The stock was sold at an average price of $78.00, for a total transaction of $1,102,218.00. Following the sale, the chief executive officer now owns 154,245 shares of the company’s stock, valued at $12,031,110. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO James Michael May sold 6,031 shares of the stock in a transaction on Wednesday, March 17th. The shares were sold at an average price of $75.00, for a total value of $452,325.00. Following the sale, the chief accounting officer now directly owns 12,508 shares in the company, valued at approximately $938,100. The disclosure for this sale can be found here. Insiders sold 179,662 shares of company stock worth $13,677,453 in the last three months. 0.40% of the stock is owned by corporate insiders.
NextEra Energy 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 fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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