QCI Asset Management Inc. NY increased its stake in shares of NextEra Energy Inc (NYSE:NEE) by 6.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,860 shares of the utilities provider’s stock after purchasing an additional 5,365 shares during the quarter. QCI Asset Management Inc. NY’s holdings in NextEra Energy were worth $14,222,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC lifted its holdings in NextEra Energy by 323.5% in the third quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock valued at $109,000 after buying an additional 495 shares during the period. Braun Bostich & Associates Inc. lifted its holdings in 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 buying an additional 719 shares during the period. Howe & Rusling Inc. lifted its holdings in 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 buying an additional 373 shares during the period. Marshall & Sullivan Inc. WA acquired a new position in NextEra Energy in the second quarter valued at approximately $167,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in NextEra Energy in the third quarter valued at approximately $168,000. 75.46% of the stock is currently owned by institutional investors and hedge funds.
NEE opened at $176.56 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $82.94 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 2.67 and a beta of 0.13. NextEra Energy Inc has a twelve month low of $145.10 and a twelve month high of $177.04.
NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.03. The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.92 billion. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period last year, the business posted $1.85 earnings per share. Research analysts predict that NextEra Energy Inc will post 7.76 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be issued a $1.11 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $4.44 annualized dividend and a yield of 2.51%. NextEra Energy’s dividend payout ratio (DPR) is presently 66.27%.
In other NextEra Energy news, CEO Eric E. Silagy sold 17,000 shares of the stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $171.91, for a total value of $2,922,470.00. Following the sale, the chief executive officer now directly owns 42,898 shares in the company, valued at $7,374,595.18. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Armando Pimentel, Jr. sold 4,920 shares of the stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $170.11, for a total transaction of $836,941.20. Following the completion of the sale, the chief executive officer now owns 59,969 shares in the company, valued at $10,201,326.59. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,210 shares of company stock worth $11,744,017. Company insiders own 0.55% of the company’s stock.
Several equities analysts recently weighed in on the stock. Argus increased their price objective on shares of NextEra Energy from $184.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, October 31st. Royal Bank of Canada increased their price objective on shares of NextEra Energy to $186.00 and gave the company an “outperform” rating in a report on Thursday, November 1st. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 price objective on the stock in a report on Friday, October 12th. Scotiabank assumed coverage on shares of NextEra Energy in a report on Tuesday, July 24th. They issued a “hold” rating and a $70.00 price objective on the stock. Finally, Credit Suisse Group cut their price objective on shares of NextEra Energy from $185.00 to $173.00 and set an “outperform” rating on the stock in a report on Wednesday, October 24th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $174.62.
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 natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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