NextEra Energy Inc (NEE) Position Lowered by Annex Advisory Services LLC
Annex Advisory Services LLC lessened its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,277 shares of the utilities provider’s stock after selling 716 shares during the quarter. Annex Advisory Services LLC’s holdings in NextEra Energy were worth $1,293,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in NEE. Parametric Portfolio Associates LLC raised its holdings in NextEra Energy by 0.4% in the second quarter. Parametric Portfolio Associates LLC now owns 1,000,468 shares of the utilities provider’s stock worth $140,196,000 after purchasing an additional 4,225 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in NextEra Energy by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 842,263 shares of the utilities provider’s stock worth $118,026,000 after purchasing an additional 9,125 shares in the last quarter. Blackstart Capital LP bought a new position in NextEra Energy in the second quarter worth $4,839,000. Evercore Wealth Management LLC raised its holdings in NextEra Energy by 0.9% in the second quarter. Evercore Wealth Management LLC now owns 15,050 shares of the utilities provider’s stock worth $2,109,000 after purchasing an additional 140 shares in the last quarter. Finally, Veritable L.P. raised its holdings in NextEra Energy by 5.4% in the second quarter. Veritable L.P. now owns 46,766 shares of the utilities provider’s stock worth $6,553,000 after purchasing an additional 2,413 shares in the last quarter. Institutional investors own 75.50% of the company’s stock.
Shares of NextEra Energy Inc (NYSE:NEE) opened at $152.85 on Monday. NextEra Energy Inc has a 12 month low of $127.09 and a 12 month high of $159.64. The company has a market capitalization of $71,960.00, a price-to-earnings ratio of 20.88, a PEG ratio of 2.51 and a beta of 0.32. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be paid a $1.11 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.98. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Monday, February 26th. NextEra Energy’s dividend payout ratio is currently 60.66%.
In other news, EVP Charles E. Sieving sold 2,844 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $154.67, for a total value of $439,881.48. Following the sale, the executive vice president now directly owns 48,966 shares of the company’s stock, valued at $7,573,571.22. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Manoochehr K. Nazar sold 13,890 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $155.64, for a total value of $2,161,839.60. Following the completion of the sale, the insider now directly owns 142,429 shares in the company, valued at $22,167,649.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 68,356 shares of company stock worth $10,677,620. Insiders own 0.53% of the company’s stock.
A number of equities analysts have issued reports on NEE shares. Royal Bank of Canada reiterated a “buy” rating and issued a $156.00 price objective on shares of NextEra Energy in a report on Tuesday, November 7th. Credit Suisse Group started coverage on NextEra Energy in a report on Thursday, December 7th. They issued an “outperform” rating and a $173.00 price objective for the company. Zacks Investment Research upgraded NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, January 18th. Guggenheim reiterated a “buy” rating and issued a $177.00 price objective on shares of NextEra Energy in a report on Wednesday, January 3rd. Finally, Morgan Stanley increased their price objective on NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $161.56.
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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