Spirit of America Management Corp NY lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,700 shares of the utilities provider’s stock after purchasing an additional 500 shares during the period. Spirit of America Management Corp NY’s holdings in NextEra Energy were worth $2,473,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Catalyst Private Wealth LLC bought a new stake in NextEra Energy during the 3rd quarter worth approximately $75,000. Arlington Partners LLC raised its stake in NextEra Energy by 97.0% during the 4th quarter. Arlington Partners LLC now owns 329 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 162 shares during the period. Avion Wealth raised its stake in NextEra Energy by 300.0% during the 4th quarter. Avion Wealth now owns 336 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 252 shares during the period. Hoover Financial Advisors Inc. bought a new stake in NextEra Energy during the 4th quarter worth approximately $29,000. Finally, Safeguard Investment Advisory Group LLC bought a new stake in NextEra Energy during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 19.20% of the company’s stock.
NEE stock opened at $80.94 on Friday. The firm has a fifty day moving average price of $74.64 and a 200 day moving average price of $77.59. NextEra Energy, Inc. has a fifty-two week low of $55.65 and a fifty-two week high of $87.69. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.48 and a current ratio of 0.57. The firm has a market cap of $158.76 billion, a PE ratio of 40.78, a price-to-earnings-growth ratio of 4.07 and a beta of 0.16.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Friday, February 26th were issued a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Thursday, February 25th. NextEra Energy’s dividend payout ratio (DPR) is presently 73.68%.
A number of equities research analysts have commented on the stock. Credit Suisse Group upgraded shares of NextEra Energy from a “neutral” rating to an “outperform” rating and decreased their target price for the stock from $87.00 to $85.00 in a research note on Monday, March 15th. Mizuho increased their price objective on shares of NextEra Energy from $64.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 11th. Sanford C. Bernstein initiated coverage on shares of NextEra Energy in a report on Tuesday, March 9th. They set an “outperform” rating and a $88.00 price objective for the company. Bank of America reaffirmed a “buy” rating and set a $81.00 price objective on shares of NextEra Energy in a report on Friday, January 15th. Finally, Morgan Stanley cut their price objective on shares of NextEra Energy from $77.00 to $66.00 and set an “equal weight” rating for the company in a report on Tuesday, March 16th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. NextEra Energy presently has an average rating of “Buy” and an average price target of $78.43.
In other NextEra Energy news, CEO James L. Robo sold 118,000 shares of NextEra Energy stock in a transaction on Tuesday, March 2nd. The shares were sold at an average price of $76.02, for a total transaction of $8,970,360.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric E. Silagy sold 9,268 shares of NextEra Energy stock in a transaction on Thursday, April 15th. The stock was sold at an average price of $80.00, for a total transaction of $741,440.00. Following the transaction, the chief executive officer now directly owns 144,977 shares of the company’s stock, valued at $11,598,160. The disclosure for this sale can be found here. Over the last three months, insiders sold 192,680 shares of company stock valued at $14,718,893. 0.40% of the stock is currently owned by insiders.
About NextEra Energy
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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