Fairfield Bush & CO. Acquires 1,400 Shares of NextEra Energy Inc (NEE)
Fairfield Bush & CO. boosted its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 96.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,850 shares of the utilities provider’s stock after buying an additional 1,400 shares during the quarter. Fairfield Bush & CO.’s holdings in NextEra Energy were worth $445,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of NextEra Energy by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 4,869,190 shares of the utilities provider’s stock valued at $758,889,000 after purchasing an additional 73,790 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of NextEra Energy by 6.5% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,968,016 shares of the utilities provider’s stock valued at $619,764,000 after purchasing an additional 243,649 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of NextEra Energy by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 3,907,505 shares of the utilities provider’s stock valued at $610,314,000 after purchasing an additional 41,226 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of NextEra Energy by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 2,772,914 shares of the utilities provider’s stock valued at $406,375,000 after purchasing an additional 76,379 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of NextEra Energy by 1.0% during the 4th quarter. Alliancebernstein L.P. now owns 2,664,040 shares of the utilities provider’s stock valued at $416,096,000 after purchasing an additional 26,147 shares in the last quarter. 76.36% of the stock is owned by institutional investors.
In other NextEra Energy news, EVP Charles E. Sieving sold 2,844 shares of NextEra Energy stock in a transaction on Friday, February 16th. The shares were sold at an average price of $154.67, for a total transaction of $439,881.48. Following the sale, the executive vice president now owns 48,966 shares of the company’s stock, valued at approximately $7,573,571.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of NextEra Energy stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total transaction of $1,404,427.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 62,245 shares of company stock worth $9,783,623. 0.53% of the stock is currently owned by corporate insiders.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the business posted $1.21 EPS. NextEra Energy’s revenue was up 8.4% compared to the same quarter last year. equities analysts expect that NextEra Energy Inc will post 7.73 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, February 27th were paid a $1.11 dividend. The ex-dividend date was Monday, February 26th. This represents a $4.44 dividend on an annualized basis and a yield of 2.74%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.98. NextEra Energy’s dividend payout ratio (DPR) is currently 38.98%.
Several research firms have recently weighed in on NEE. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Morgan Stanley cut their target price on shares of NextEra Energy from $172.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, February 13th. Argus reaffirmed a “buy” rating and set a $173.00 target price on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. Guggenheim reaffirmed a “buy” rating and set a $182.00 target price on shares of NextEra Energy in a report on Friday, January 26th. Finally, UBS began coverage on shares of NextEra Energy in a report on Friday, February 2nd. They set a “buy” rating and a $177.00 target price for the company. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $163.13.
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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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