3,290 Shares in NextEra Energy, Inc. (NEE) Purchased by FinTrust Investment Advisory Services LLC
FinTrust Investment Advisory Services LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,290 shares of the utilities provider’s stock, valued at approximately $482,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Hanson McClain Inc. boosted its stake in NextEra Energy by 6.0% during the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after buying an additional 43 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in NextEra Energy by 8.9% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after buying an additional 71 shares during the period. Highstreet Asset Management Inc. bought a new stake in NextEra Energy during the second quarter worth about $134,000. Atlantic Trust LLC bought a new stake in NextEra Energy during the second quarter worth about $154,000. Finally, Pacific Center for Financial Services lifted its stake in NextEra Energy by 50.1% during the second quarter. Pacific Center for Financial Services now owns 1,139 shares of the utilities provider’s stock worth $160,000 after purchasing an additional 380 shares during the last quarter. Institutional investors own 74.55% of the company’s stock.
Shares of NextEra Energy, Inc. (NEE) traded up $0.85 during trading hours on Monday, reaching $156.03. The company had a trading volume of 636,100 shares, compared to its average volume of 1,678,919. NextEra Energy, Inc. has a 52 week low of $112.63 and a 52 week high of $159.28. The stock has a market cap of $73,400.00, a P/E ratio of 23.39, a PEG ratio of 3.10 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the previous year, the business earned $1.74 EPS. NextEra Energy’s revenue was up .1% compared to the same quarter last year. equities research analysts anticipate that NextEra Energy, Inc. will post 6.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.52%. NextEra Energy’s dividend payout ratio (DPR) is 44.16%.
In other news, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total value of $4,467,881.60. Following the sale, the executive vice president now directly owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 65,385 shares of company stock worth $9,748,482 in the last quarter. Company insiders own 0.53% of the company’s stock.
Several equities research analysts have issued reports on NEE shares. KeyCorp reaffirmed a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a research note on Friday, September 1st. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Morgan Stanley boosted their target price on NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, September 8th. Bank of America Corporation started coverage on NextEra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $166.00 target price for the company. Finally, J P Morgan Chase & Co started coverage on NextEra Energy in a research note on Thursday, September 7th. They issued an “overweight” rating and a $173.00 target price for the company. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $155.38.
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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