NextEra Energy Inc (NEE) Shares Bought by Tandem Investment Advisors Inc.
Tandem Investment Advisors Inc. raised its stake in NextEra Energy Inc (NYSE:NEE) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,491 shares of the utilities provider’s stock after purchasing an additional 1,607 shares during the period. NextEra Energy accounts for 1.8% of Tandem Investment Advisors Inc.’s holdings, making the stock its 29th biggest holding. Tandem Investment Advisors Inc.’s holdings in NextEra Energy were worth $5,387,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Whalerock Point Partners LLC grew its holdings in shares of NextEra Energy by 0.3% during the second quarter. Whalerock Point Partners LLC now owns 5,598 shares of the utilities provider’s stock valued at $784,000 after buying an additional 15 shares during the last quarter. First Interstate Bank grew its holdings in shares of NextEra Energy by 1.3% during the second quarter. First Interstate Bank now owns 1,259 shares of the utilities provider’s stock valued at $176,000 after buying an additional 16 shares during the last quarter. Sfmg LLC grew its holdings in shares of NextEra Energy by 0.7% during the second quarter. Sfmg LLC now owns 2,679 shares of the utilities provider’s stock valued at $375,000 after buying an additional 19 shares during the last quarter. South Texas Money Management Ltd. grew its holdings in shares of NextEra Energy by 0.5% during the second quarter. South Texas Money Management Ltd. now owns 3,604 shares of the utilities provider’s stock valued at $505,000 after buying an additional 19 shares during the last quarter. Finally, Savant Capital LLC grew its holdings in shares of NextEra Energy by 0.3% during the second quarter. Savant Capital LLC now owns 6,181 shares of the utilities provider’s stock valued at $866,000 after buying an additional 20 shares during the last quarter. 75.39% of the stock is owned by hedge funds and other institutional investors.
In other NextEra Energy news, EVP Joseph T. Kelliher sold 2,000 shares of the business’s 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the completion of the transaction, the chief executive officer now owns 121,958 shares in the company, valued at $19,202,287.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,372 shares of company stock worth $11,517,071. Corporate insiders own 0.53% of the company’s stock.
NextEra Energy Inc (NEE) traded up $1.25 during trading on Tuesday, reaching $152.96. 1,806,200 shares of the company traded hands, compared to its average volume of 2,347,320. NextEra Energy Inc has a 1-year low of $117.33 and a 1-year high of $159.40. The stock has a market capitalization of $71,530.00, a PE ratio of 17.19, a PEG ratio of 2.80 and a beta of 0.31. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11.
NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.08. The firm had revenue of $4.81 billion for 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%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company earned $1.74 earnings per share. equities analysts predict that NextEra Energy Inc will post 6.73 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were paid a $0.9825 dividend. 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 payout ratio is 44.16%.
A number of brokerages have recently issued reports on NEE. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a report on Tuesday, December 12th. Credit Suisse Group began coverage on shares of NextEra Energy in a report on Thursday, December 7th. They set an “outperform” rating and a $173.00 price objective for the company. Morgan Stanley lifted their price objective on shares of NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Argus restated a “buy” rating and set a $173.00 price target on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. Finally, Guggenheim restated a “buy” rating and set a $177.00 price target on shares of NextEra Energy in a report on Wednesday, January 3rd. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. NextEra Energy presently has a consensus rating of “Buy” and a consensus target price of $159.63.
NextEra Energy Company 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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