NextEra Energy Inc (NEE) Shares Sold by Bedell Frazier Investment Counseling LLC
Bedell Frazier Investment Counseling LLC trimmed its stake in NextEra Energy Inc (NYSE:NEE) by 30.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,118 shares of the utilities provider’s stock after selling 482 shares during the period. Bedell Frazier Investment Counseling LLC’s holdings in NextEra Energy were worth $234,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Hanson McClain Inc. increased its stake in shares of NextEra Energy by 6.0% in the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 43 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in NextEra Energy by 8.9% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 71 shares in the last quarter. Archford Capital Strategies LLC increased its stake in NextEra Energy by 76.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 4,347 shares in the last quarter. Highstreet Asset Management Inc. bought a new stake in NextEra Energy during the 2nd quarter valued at about $134,000. Finally, Atlantic Trust LLC bought a new stake in NextEra Energy during the 2nd quarter valued at about $154,000. 75.63% of the stock is owned by hedge funds and other institutional investors.
Shares of NextEra Energy Inc (NYSE NEE) opened at $159.03 on Friday. NextEra Energy Inc has a 12 month low of $114.85 and a 12 month high of $159.28. The company has a market cap of $74,807.40, a P/E ratio of 23.84, a PEG ratio of 3.17 and a beta of 0.31. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.74 earnings per share. research analysts anticipate that NextEra Energy Inc will post 6.73 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s payout ratio is 44.16%.
In related news, EVP Charles E. Sieving sold 30,485 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total value of $4,467,881.60. Following the transaction, the executive vice president now owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Joseph T. Kelliher sold 2,000 shares of NextEra Energy stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 107,757 shares of company stock worth $16,419,953. 0.53% of the stock is currently owned by insiders.
A number of research firms have weighed in on NEE. Credit Suisse Group began coverage on shares of NextEra Energy in a research note on Thursday. They set an “outperform” rating and a $173.00 price objective for the company. Argus restated a “buy” rating and set a $173.00 price objective on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Royal Bank Of Canada restated a “buy” rating and set a $156.00 price objective on shares of NextEra Energy in a research note on Tuesday, November 7th. Bank of America began coverage on shares of NextEra Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $166.00 price objective for the company. Finally, Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. NextEra Energy currently has a consensus rating of “Buy” and a consensus target price of $157.73.
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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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