Clark Capital Management Group Inc. grew its holdings in NextEra Energy Inc (NYSE:NEE) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 269,547 shares of the utilities provider’s stock after purchasing an additional 15,775 shares during the quarter. NextEra Energy comprises about 1.3% of Clark Capital Management Group Inc.’s investment portfolio, making the stock its 20th largest position. Clark Capital Management Group Inc. owned 0.06% of NextEra Energy worth $42,101,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of NEE. Raymond James Financial Services Advisors Inc. lifted its stake in shares of NextEra Energy by 10.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 143,758 shares of the utilities provider’s stock valued at $20,146,000 after acquiring an additional 13,670 shares during the period. Cypress Capital Management LLC acquired a new position in shares of NextEra Energy during the second quarter valued at $228,000. Bank of Nova Scotia lifted its stake in shares of NextEra Energy by 73.6% during the second quarter. Bank of Nova Scotia now owns 186,612 shares of the utilities provider’s stock valued at $26,150,000 after acquiring an additional 79,091 shares during the period. Nomura Holdings Inc. lifted its stake in shares of NextEra Energy by 378.3% during the second quarter. Nomura Holdings Inc. now owns 38,204 shares of the utilities provider’s stock valued at $5,358,000 after acquiring an additional 30,217 shares during the period. Finally, BB&T Investment Services Inc. acquired a new position in shares of NextEra Energy during the second quarter valued at $246,000. 76.50% of the stock is currently owned by institutional investors.
Shares of NextEra Energy Inc (NYSE:NEE) traded up $2.07 during trading on Wednesday, hitting $156.74. The company’s stock had a trading volume of 491,132 shares, compared to its average volume of 2,188,936. NextEra Energy Inc has a 12 month low of $127.09 and a 12 month high of $159.64. The company has a market capitalization of $72,685.88, a P/E ratio of 13.58, a P/E/G ratio of 2.54 and a beta of 0.32. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be issued a dividend of $1.11 per share. The ex-dividend date of this dividend is Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.98. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.83%. NextEra Energy’s dividend payout ratio (DPR) is presently 38.98%.
NEE has been the topic of several research reports. Guggenheim reaffirmed a “buy” rating and set a $177.00 price target on shares of NextEra Energy in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a report on Tuesday, December 12th. Argus reiterated a “buy” rating and issued a $173.00 price objective 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 NextEra Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $177.00 price objective for the company. Finally, ValuEngine upgraded 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 given a buy rating to the company. NextEra Energy currently has a consensus rating of “Buy” and an average price target of $161.75.
In related news, EVP Charles E. Sieving sold 2,844 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $154.67, for a total transaction of $439,881.48. Following the completion of the transaction, the executive vice president now directly owns 48,966 shares in the company, valued at $7,573,571.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Manoochehr K. Nazar sold 13,890 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $155.64, for a total value of $2,161,839.60. Following the transaction, the insider now owns 142,429 shares of the company’s stock, valued at $22,167,649.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,984 shares of company stock valued at $4,006,149. 0.53% of the stock is owned by corporate insiders.
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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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