Cramer Rosenthal Mcglynn LLC cut its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 307,478 shares of the utilities provider’s stock after selling 18,085 shares during the period. Cramer Rosenthal Mcglynn LLC owned about 0.07% of NextEra Energy worth $48,025,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Taylor Hoffman Wealth Management bought a new position in NextEra Energy in the 4th quarter valued at $106,000. D Orazio & Associates Inc. bought a new position in NextEra Energy in the 4th quarter valued at $113,000. Risk Paradigm Group LLC boosted its position in NextEra Energy by 108.1% in 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 during the last quarter. Archford Capital Strategies LLC boosted its position in NextEra Energy by 76.9% in 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 during the last quarter. Finally, Cerebellum GP LLC bought a new position in NextEra Energy in the 4th quarter valued at $128,000. Institutional investors and hedge funds own 76.50% of the company’s stock.
A number of research analysts have commented on NEE shares. Morgan Stanley increased their price objective on NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Argus reiterated a “buy” rating and issued a $173.00 price objective on shares of NextEra Energy in a research report on Tuesday, December 5th. They noted that the move was a valuation call. UBS Group started coverage on NextEra Energy in a research report on Friday, February 2nd. They issued a “buy” rating and a $177.00 price objective on the stock. Guggenheim reiterated a “buy” rating and issued a $182.00 price objective on shares of NextEra Energy in a research report on Friday, January 26th. Finally, Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price objective on the stock in a research report on Tuesday, December 12th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $161.75.
NextEra Energy Inc (NEE) opened at $154.39 on Tuesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.52. The firm has a market capitalization of $72,690.00, a price-to-earnings ratio of 21.09, a PEG ratio of 2.54 and a beta of 0.32. NextEra Energy Inc has a 12 month low of $127.09 and a 12 month high of $159.64.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing the Zacks’ 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 revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.21 EPS. sell-side analysts forecast that NextEra Energy Inc will post 7.73 earnings per share for the current year.
The business also recently declared 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. The ex-dividend date is Monday, February 26th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.88%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.98. NextEra Energy’s dividend payout ratio is 60.66%.
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About NextEra Energy
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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