Amica Mutual Insurance Co. Reduces Holdings in NextEra Energy Inc (NEE)
Amica Mutual Insurance Co. reduced its position in NextEra Energy Inc (NYSE:NEE) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,978 shares of the utilities provider’s stock after selling 1,585 shares during the quarter. Amica Mutual Insurance Co.’s holdings in NextEra Energy were worth $3,367,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hanson McClain Inc. grew its position in shares of NextEra Energy by 6.0% during the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after buying an additional 43 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in shares of 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 worth $112,000 after buying an additional 71 shares in the last quarter. Risk Paradigm Group LLC grew its position in shares of NextEra Energy by 108.1% during the third quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock worth $125,000 after buying an additional 442 shares in the last quarter. Archford Capital Strategies LLC grew its position in shares of NextEra Energy by 76.9% during the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after buying an additional 4,347 shares in the last quarter. Finally, Highstreet Asset Management Inc. acquired a new position in shares of NextEra Energy during the second quarter worth about $134,000. 75.63% of the stock is owned by institutional investors.
NextEra Energy Inc (NEE) traded up $0.45 during mid-day trading on Friday, reaching $158.43. The company had a trading volume of 3,314,655 shares, compared to its average volume of 1,669,569. The stock has a market capitalization of $74,313.41, a PE ratio of 23.68, a price-to-earnings-growth ratio of 3.15 and a beta of 0.31. NextEra Energy Inc has a 12-month low of $117.12 and a 12-month high of $159.40. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were paid a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, November 22nd. NextEra Energy’s payout ratio is 44.16%.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 42,372 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the completion of the sale, the chief executive officer now owns 121,958 shares in the company, valued at $19,202,287.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were 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. In the last 90 days, insiders have sold 107,757 shares of company stock valued at $16,419,953. 0.53% of the stock is owned by company insiders.
A number of equities analysts have recently commented on the company. Morgan Stanley boosted their price objective on NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a research report on Tuesday. Credit Suisse Group assumed coverage on NextEra Energy in a research report on Thursday, December 7th. They set an “outperform” rating and a $173.00 price objective for the company. Argus reissued a “buy” rating and set a $173.00 price objective on shares of NextEra Energy in a research report on Tuesday, December 5th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reissued a “buy” rating and set a $156.00 price objective on shares of NextEra Energy in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $159.00.
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About NextEra Energy
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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