Berkshire Asset Management LLC PA boosted its stake in shares of NextEra Energy Inc (NYSE:NEE) by 19.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,015 shares of the utilities provider’s stock after buying an additional 1,935 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in NextEra Energy were worth $2,014,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of NEE. Gables Capital Management Inc. acquired a new position in NextEra Energy during the first quarter worth about $105,000. Braun Bostich & Associates Inc. grew its position in shares of NextEra Energy by 492.5% in the second quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock valued at $144,000 after purchasing an additional 719 shares during the last quarter. Howe & Rusling Inc. grew its position in shares of NextEra Energy by 70.5% in the second quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock valued at $151,000 after purchasing an additional 373 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new stake in shares of NextEra Energy in the second quarter valued at approximately $167,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of NextEra Energy in the third quarter valued at approximately $168,000. Institutional investors own 76.27% of the company’s stock.
Shares of NEE opened at $169.36 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78. The company has a market cap of $79.04 billion, a P/E ratio of 25.27, a PEG ratio of 2.58 and a beta of 0.20. NextEra Energy Inc has a 1 year low of $145.10 and a 1 year high of $175.66.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 25th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.05. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.51 billion. NextEra Energy had a net margin of 49.10% and a return on equity of 10.49%. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.86 earnings per share. On average, equities analysts predict that NextEra Energy Inc will post 7.76 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be paid a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a dividend yield of 2.62%. NextEra Energy’s payout ratio is 66.27%.
Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 price target on the stock in a research report on Friday. Wells Fargo & Co increased their price target on shares of NextEra Energy from $191.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday. Morgan Stanley lowered their price target on shares of NextEra Energy from $186.00 to $184.00 and set a “buy” rating on the stock in a research report on Friday, September 21st. Mizuho assumed coverage on shares of NextEra Energy in a research report on Monday, August 13th. They issued a “buy” rating and a $184.00 price target on the stock. Finally, ValuEngine upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $170.64.
In related news, CEO Eric E. Silagy sold 17,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $171.91, for a total transaction of $2,922,470.00. Following the transaction, the chief executive officer now owns 42,898 shares of the company’s stock, valued at $7,374,595.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Armando Pimentel, Jr. sold 10,734 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $170.98, for a total transaction of $1,835,299.32. Following the transaction, the chief executive officer now directly owns 64,169 shares in the company, valued at approximately $10,971,615.62. The disclosure for this sale can be found here. Insiders have sold 74,024 shares of company stock worth $12,742,375 in the last three months. Insiders own 0.55% of the company’s stock.
About NextEra Energy
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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