Xact Kapitalforvaltning AB Purchases 1,433 Shares of NextEra Energy, Inc. (NEE)
Xact Kapitalforvaltning AB increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,364 shares of the utilities provider’s stock after acquiring an additional 1,433 shares during the period. Xact Kapitalforvaltning AB’s holdings in NextEra Energy were worth $5,622,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in NEE. Hanson McClain Inc. raised its holdings in NextEra Energy by 6.0% during the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after buying an additional 43 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in NextEra Energy by 8.9% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after buying an additional 71 shares in the last quarter. Archford Capital Strategies LLC raised its holdings in NextEra Energy by 76.9% during the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock valued at $128,000 after buying an additional 4,347 shares in the last quarter. Highstreet Asset Management Inc. bought a new position in NextEra Energy during the second quarter valued at about $134,000. Finally, Atlantic Trust LLC bought a new position in NextEra Energy during the second quarter valued at about $154,000. Institutional investors and hedge funds own 74.55% 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 value of $4,467,881.60. Following the transaction, the executive vice president now directly owns 78,167 shares in the company, valued at $11,456,155.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The disclosure for this sale can be found here. Insiders sold 65,385 shares of company stock worth $9,748,482 over the last quarter. 0.53% of the stock is currently owned by corporate insiders.
Several equities analysts have weighed in on the company. BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Morgan Stanley raised their target price on NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. J P Morgan Chase & Co set a $169.00 target price on NextEra Energy and gave the company a “hold” rating in a report on Thursday, October 12th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $156.00 target price on shares of NextEra Energy in a report on Tuesday, November 7th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. NextEra Energy currently has an average rating of “Buy” and a consensus target price of $155.38.
NextEra Energy, Inc. (NYSE NEE) traded up $0.85 during trading on Friday, hitting $156.03. The stock had a trading volume of 636,127 shares, compared to its average volume of 1,574,680. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $72,996.30, a price-to-earnings ratio of 23.26, a PEG ratio of 3.09 and a beta of 0.31. NextEra Energy, Inc. has a twelve month low of $112.63 and a twelve month high of $159.28.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $1.74 earnings per share. analysts predict 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 paid a $0.9825 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.52%. NextEra Energy’s payout ratio is presently 44.16%.
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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