Electron Capital Partners LLC lessened its position in shares of NextEra Energy Inc (NYSE:NEE) by 28.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 202,776 shares of the utilities provider’s stock after selling 81,241 shares during the period. NextEra Energy makes up about 5.3% of Electron Capital Partners LLC’s holdings, making the stock its 6th biggest position. Electron Capital Partners LLC’s holdings in NextEra Energy were worth $31,672,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Rikoon Group LLC increased its holdings in NextEra Energy by 2.4% during the 2nd quarter. Rikoon Group LLC now owns 6,370 shares of the utilities provider’s stock worth $892,000 after acquiring an additional 150 shares during the period. Monetary Management Group Inc. increased its holdings in shares of NextEra Energy by 8.2% in the 2nd quarter. Monetary Management Group Inc. now owns 2,635 shares of the utilities provider’s stock worth $369,000 after buying an additional 200 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of NextEra Energy by 5.7% in the 2nd quarter. Cetera Investment Advisers now owns 5,177 shares of the utilities provider’s stock worth $726,000 after buying an additional 280 shares during the last quarter. Balasa Dinverno & Foltz LLC increased its holdings in shares of NextEra Energy by 13.1% in the 3rd quarter. Balasa Dinverno & Foltz LLC now owns 2,804 shares of the utilities provider’s stock worth $411,000 after buying an additional 325 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its holdings in shares of NextEra Energy by 3.2% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 10,948 shares of the utilities provider’s stock worth $1,604,000 after buying an additional 337 shares during the last quarter. 76.50% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on NEE shares. Guggenheim reissued a “buy” rating and issued a $177.00 price target on shares of NextEra Energy in a report on Wednesday, January 3rd. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price target on the stock in a report on Tuesday, December 12th. Argus reissued a “buy” rating and issued a $173.00 price target on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. UBS Group started coverage on shares of NextEra Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $177.00 price target on the stock. Finally, ValuEngine raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $161.75.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period last year, the company posted $1.21 EPS. NextEra Energy’s revenue for the quarter was up 8.4% on a year-over-year basis. analysts forecast that NextEra Energy Inc will post 7.73 earnings per share 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 paid a $1.11 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.98. The ex-dividend date is Monday, February 26th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.87%. NextEra Energy’s dividend payout ratio is 60.66%.
In other NextEra Energy news, EVP Charles E. Sieving sold 2,844 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $154.67, for a total transaction of $439,881.48. Following the completion of the sale, the executive vice president now owns 48,966 shares of the company’s stock, valued at approximately $7,573,571.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Manoochehr K. Nazar sold 13,890 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $155.64, for a total transaction of $2,161,839.60. Following the sale, the insider now directly owns 142,429 shares of the company’s stock, valued at approximately $22,167,649.56. The disclosure for this sale can be found here. Insiders sold a total of 25,984 shares of company stock valued at $4,006,149 in the last ninety days. 0.53% of the stock is owned by corporate insiders.
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.
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.