CWA Asset Management Group LLC reduced its holdings in NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 3.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 17,700 shares of the utilities provider’s stock after selling 701 shares during the quarter. CWA Asset Management Group LLC’s holdings in NextEra Energy were worth $1,480,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Public Investment Fund acquired a new stake in shares of NextEra Energy during the second quarter worth $493,266,000. Vanguard Group Inc. increased its position in shares of NextEra Energy by 2.1% during the third quarter. Vanguard Group Inc. now owns 189,253,007 shares of the utilities provider’s stock worth $14,839,329,000 after buying an additional 3,870,385 shares during the period. Assenagon Asset Management S.A. increased its position in shares of NextEra Energy by 9,209.8% during the third quarter. Assenagon Asset Management S.A. now owns 1,935,593 shares of the utilities provider’s stock worth $151,770,000 after buying an additional 1,914,802 shares during the period. Macquarie Group Ltd. increased its position in shares of NextEra Energy by 34.7% during the second quarter. Macquarie Group Ltd. now owns 6,737,043 shares of the utilities provider’s stock worth $431,713,000 after buying an additional 1,735,904 shares during the period. Finally, CCLA Investment Management acquired a new stake in shares of NextEra Energy during the third quarter worth $81,651,000. 76.17% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at NextEra Energy
In other news, CEO Armando Pimentel, Jr. purchased 13,200 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The shares were bought at an average cost of $75.44 per share, with a total value of $995,808.00. Following the completion of the transaction, the chief executive officer now directly owns 129,230 shares of the company’s stock, valued at $9,749,111.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Armando Pimentel, Jr. acquired 13,200 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was acquired at an average price of $75.44 per share, for a total transaction of $995,808.00. Following the completion of the acquisition, the chief executive officer now owns 129,230 shares of the company’s stock, valued at approximately $9,749,111.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Terrell Kirk Crews II acquired 2,672 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The shares were bought at an average price of $74.87 per share, with a total value of $200,052.64. Following the acquisition, the chief financial officer now directly owns 33,170 shares of the company’s stock, valued at approximately $2,483,437.90. The disclosure for this purchase can be found here. Insiders have bought 18,872 shares of company stock valued at $1,417,721 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.
Wall Street Analysts Forecast Growth
NextEra Energy Stock Down 0.7 %
NextEra Energy stock opened at $75.67 on Friday. NextEra Energy, Inc. has a 1-year low of $67.22 and a 1-year high of $91.35. The firm has a market capitalization of $150.39 billion, a price-to-earnings ratio of 36.21, a price-to-earnings-growth ratio of 2.65 and a beta of 0.44. The firm’s fifty day moving average price is $76.77 and its two-hundred day moving average price is $80.31. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.14.
NextEra Energy (NYSE:NEE – Get Rating) last released its quarterly earnings data on Wednesday, January 25th. The utilities provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. NextEra Energy had a net margin of 19.79% and a return on equity of 12.51%. The firm had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same period last year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.12 earnings per share for the current fiscal year.
NextEra Energy Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th were given a dividend of $0.4675 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.43. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Monday, February 27th. NextEra Energy’s dividend payout ratio (DPR) is presently 89.47%.
NextEra Energy Profile
NextEra Energy, Inc engages in the provision of renewable energy. It operates through the following segments: FPL and NEER. The FPL segment involves the generation, transmission, distribution, and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.
- Get a free copy of the StockNews.com research report on NextEra Energy (NEE)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE – Get Rating).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.