InterOcean Capital LLC reduced its position in NextEra Energy Inc (NYSE:NEE) by 27.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,094 shares of the utilities provider’s stock after selling 416 shares during the period. InterOcean Capital LLC’s holdings in NextEra Energy were worth $263,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lionsbridge Wealth Management LLC acquired a new position in NextEra Energy during the fourth quarter worth approximately $25,000. Lion Street Advisors LLC acquired a new stake in shares of NextEra Energy in the first quarter valued at approximately $26,000. Bay Harbor Wealth Management LLC grew its position in shares of NextEra Energy by 1,687.5% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 143 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 135 shares during the last quarter. Stonebridge Financial Planning Group LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at $36,000. Finally, AlphaCore Capital LLC acquired a new position in shares of NextEra Energy in the 1st quarter valued at $37,000. 77.30% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have issued reports on NEE. Credit Suisse Group lowered their price objective on shares of NextEra Energy from $256.00 to $252.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. BMO Capital Markets started coverage on NextEra Energy in a report on Wednesday, February 19th. They set an “outperform” rating and a $290.00 price target on the stock. UBS Group reduced their price objective on NextEra Energy from $310.00 to $255.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating and set a $282.00 price objective for the company. in a research report on Wednesday, January 29th. Finally, Vertical Research initiated coverage on NextEra Energy in a report on Monday, February 24th. They issued a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. NextEra Energy presently has a consensus rating of “Buy” and an average target price of $251.07.
In other news, CEO James L. Robo sold 70,968 shares of NextEra Energy stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $227.05, for a total transaction of $16,113,284.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph T. Kelliher sold 14,330 shares of NextEra Energy stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $248.15, for a total transaction of $3,555,989.50. Following the sale, the executive vice president now owns 38,213 shares of the company’s stock, valued at $9,482,555.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,639 shares of company stock worth $20,863,319. 0.40% of the stock is owned by insiders.
NEE stock traded up $4.95 on Friday, reaching $233.85. 1,488,731 shares of the company’s stock were exchanged, compared to its average volume of 2,494,978. The stock has a fifty day moving average of $233.66 and a 200-day moving average of $242.06. The firm has a market cap of $112.04 billion, a PE ratio of 32.39, a P/E/G ratio of 3.27 and a beta of 0.20. The company has a quick ratio of 0.61, a current ratio of 0.71 and a debt-to-equity ratio of 1.01. NextEra Energy Inc has a twelve month low of $174.80 and a twelve month high of $283.35.
NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, April 22nd. The utilities provider reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.12. NextEra Energy had a return on equity of 10.38% and a net margin of 17.77%. The company had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.88 billion. During the same quarter last year, the company earned $2.20 earnings per share. NextEra Energy’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, equities research analysts predict that NextEra Energy Inc will post 9.05 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Tuesday, June 2nd will be issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Monday, June 1st. NextEra Energy’s dividend payout ratio is currently 66.91%.
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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