Carlson Capital Management Acquires New Stake in NextEra Energy Inc (NEE)
Carlson Capital Management acquired a new stake in NextEra Energy Inc (NYSE:NEE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,339 shares of the utilities provider’s stock, valued at approximately $209,000.
Several other large investors have also recently made changes to their positions in the business. Hanson McClain Inc. grew its position in shares of NextEra Energy by 6.0% in the 2nd 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 last quarter. Risk Paradigm Group LLC grew its position in shares of NextEra Energy by 108.1% in the 3rd quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock valued at $125,000 after buying an additional 442 shares during the last quarter. Archford Capital Strategies LLC grew its position in shares of NextEra Energy by 76.9% in the 2nd quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock valued at $128,000 after buying an additional 4,347 shares during the last quarter. Highstreet Asset Management Inc. purchased a new position in shares of NextEra Energy in the 2nd quarter valued at $134,000. Finally, Horan Capital Advisors LLC. purchased a new position in shares of NextEra Energy in the 3rd quarter valued at $134,000. 75.39% of the stock is currently owned by institutional investors.
In other news, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were 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 approximately $19,202,287.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph T. Kelliher sold 2,000 shares of the firm’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $150.00, for a total transaction of $300,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 74,372 shares of company stock valued at $11,517,071. 0.53% of the stock is owned by company insiders.
NEE has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Tuesday, October 10th. JPMorgan Chase & Co. set a $169.00 target price on shares of NextEra Energy and gave the company a “hold” rating in a research report on Thursday, October 12th. KeyCorp reaffirmed a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a research report on Thursday, October 12th. Bank of America initiated coverage on shares of NextEra Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $156.00 target price 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 fifteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $159.63.
Shares of NextEra Energy Inc (NYSE:NEE) traded up $1.25 during trading hours on Monday, reaching $152.96. 1,806,263 shares of the company were exchanged, compared to its average volume of 2,347,333. The firm has a market cap of $71,950.00, a PE ratio of 17.19, a P/E/G ratio of 2.80 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 Inc has a 12-month low of $117.33 and a 12-month high of $159.40.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.08. The firm had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. NextEra Energy’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.74 EPS. analysts anticipate that NextEra Energy Inc will post 6.73 earnings per share for the current fiscal year.
The firm also recently declared 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 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is currently 44.16%.
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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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