1,895 Shares in NextEra Energy Inc (NYSE:NEE) Acquired by Dynamic Technology Lab Private Ltd
Dynamic Technology Lab Private Ltd acquired a new position in NextEra Energy Inc (NYSE:NEE) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 1,895 shares of the utilities provider’s stock, valued at approximately $366,000.
A number of other hedge funds also recently bought and sold shares of NEE. Ellis Investment Partners LLC bought a new stake in shares of NextEra Energy during the 1st quarter valued at $32,000. Acima Private Wealth LLC bought a new stake in shares of NextEra Energy during the 4th quarter valued at $39,000. Massey Quick Simon & CO. LLC bought a new stake in shares of NextEra Energy during the 1st quarter valued at $39,000. RPG Investment Advisory LLC bought a new stake in shares of NextEra Energy during the 1st quarter valued at $42,000. Finally, Westside Investment Management Inc. raised its position in shares of NextEra Energy by 62.9% during the 4th quarter. Westside Investment Management Inc. now owns 259 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 75.90% of the company’s stock.
Several analysts have commented on the stock. UBS Group upped their target price on shares of NextEra Energy from $225.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Morgan Stanley boosted their price target on shares of NextEra Energy from $194.00 to $207.00 and gave the company an “overweight” rating in a report on Friday. KeyCorp initiated coverage on shares of NextEra Energy in a report on Tuesday, June 4th. They issued an “overweight” rating and a $225.00 price target for the company. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Finally, Credit Suisse Group set a $199.00 price target on shares of NextEra Energy and gave the company a “buy” rating in a report on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $204.46.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.19. NextEra Energy had a net margin of 17.13% and a return on equity of 10.26%. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the previous year, the business earned $1.94 EPS. Equities analysts expect that NextEra Energy Inc will post 8.35 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Friday, May 31st. NextEra Energy’s payout ratio is presently 64.94%.
In related news, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $191.52, for a total value of $306,432.00. Following the completion of the transaction, the director now directly owns 19,210 shares of the company’s stock, valued at approximately $3,679,099.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Deborah H. Caplan sold 2,976 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $194.44, for a total transaction of $578,653.44. Following the completion of the transaction, the executive vice president now directly owns 24,477 shares of the company’s stock, valued at $4,759,307.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,475 shares of company stock valued at $17,079,179. Company insiders own 0.48% of the company’s stock.
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NextEra Energy Company 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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