NEXT Financial Group Inc Purchases 393 Shares of NextEra Energy Inc (NEE)
NEXT Financial Group Inc boosted its position in NextEra Energy Inc (NYSE:NEE) by 23.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,090 shares of the utilities provider’s stock after acquiring an additional 393 shares during the period. NEXT Financial Group Inc’s holdings in NextEra Energy were worth $315,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in NextEra Energy by 0.6% in the second quarter. BlackRock Inc. now owns 38,051,440 shares of the utilities provider’s stock valued at $5,332,149,000 after acquiring an additional 217,972 shares during the last quarter. Vanguard Group Inc. boosted its holdings in NextEra Energy by 4.6% in the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after acquiring an additional 1,503,907 shares during the last quarter. FMR LLC boosted its holdings in NextEra Energy by 1.1% in the second quarter. FMR LLC now owns 7,767,929 shares of the utilities provider’s stock valued at $1,088,520,000 after acquiring an additional 87,224 shares during the last quarter. Geode Capital Management LLC boosted its holdings in NextEra Energy by 7.9% in the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock valued at $586,925,000 after acquiring an additional 336,562 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in NextEra Energy by 1.6% in the second quarter. Legal & General Group Plc now owns 2,696,535 shares of the utilities provider’s stock valued at $377,898,000 after acquiring an additional 43,647 shares during the last quarter. Institutional investors and hedge funds own 75.63% of the company’s stock.
In other news, EVP Charles E. Sieving sold 30,485 shares of NextEra Energy stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the transaction, the executive vice president now owns 78,167 shares in the company, valued at approximately $11,456,155.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph T. Kelliher sold 2,000 shares of NextEra Energy stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 107,757 shares of company stock worth $16,419,953 in the last quarter. 0.53% of the stock is currently owned by company insiders.
Several research firms recently issued reports on NEE. KeyCorp reiterated a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a report on Thursday, October 12th. Bank of America began coverage on NextEra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $166.00 target price on the stock. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Tuesday, October 10th. Credit Suisse Group began coverage on NextEra Energy in a report on Thursday, December 7th. They set an “outperform” rating and a $173.00 target price on the stock. Finally, J P Morgan Chase & Co set a $169.00 target price on NextEra Energy and gave the stock a “hold” rating in a report on Thursday, October 12th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $159.00.
NextEra Energy Inc (NYSE NEE) traded down $0.60 during trading hours on Thursday, hitting $156.47. The stock had a trading volume of 3,603,000 shares, compared to its average volume of 1,691,005. NextEra Energy Inc has a fifty-two week low of $114.85 and a fifty-two week high of $159.40. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. The company has a market cap of $73,899.47, a PE ratio of 23.55, a PEG ratio of 3.13 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The business had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the previous year, the business posted $1.74 EPS. NextEra Energy’s revenue for the quarter was up .1% on a year-over-year basis. equities analysts anticipate that NextEra Energy Inc will post 6.73 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 44.16%.
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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