F3Logic LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,182 shares of the utilities provider’s stock, valued at approximately $204,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jackson Wealth Management LLC increased its position in shares of NextEra Energy by 275.6% in the 3rd quarter. Jackson Wealth Management LLC now owns 71,561 shares of the utilities provider’s stock valued at $28,000 after buying an additional 52,510 shares in the last quarter. PFG Private Wealth Management LLC acquired a new position in NextEra Energy in the 3rd quarter worth $31,000. Northwest Investment Counselors LLC acquired a new position in NextEra Energy in the 4th quarter worth $31,000. Ten Capital Wealth Advisors LLC boosted its stake in NextEra Energy by 201.0% in the 3rd quarter. Ten Capital Wealth Advisors LLC now owns 575 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 384 shares during the period. Finally, Ahrens Investment Partners LLC acquired a new position in NextEra Energy in the 4th quarter worth $45,000. Institutional investors and hedge funds own 75.89% of the company’s stock.
A number of brokerages recently weighed in on NEE. KeyCorp upped their target price on shares of NextEra Energy from $87.00 to $89.00 and gave the stock an “overweight” rating in a research note on Thursday, April 7th. StockNews.com began coverage on shares of NextEra Energy in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Morgan Stanley upped their target price on shares of NextEra Energy from $88.00 to $91.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 22nd. Wells Fargo & Company upped their target price on shares of NextEra Energy from $102.00 to $107.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Mizuho reduced their price objective on shares of NextEra Energy from $91.00 to $88.00 in a research note on Monday, January 24th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $90.63.
NextEra Energy (NYSE:NEE – Get Rating) last issued its earnings results on Tuesday, January 25th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. The company had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.79 billion. NextEra Energy had a net margin of 20.93% and a return on equity of 11.10%. NextEra Energy’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 EPS. As a group, analysts expect that NextEra Energy, Inc. will post 2.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 1st were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.06%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Monday, February 28th. NextEra Energy’s dividend payout ratio is presently 93.92%.
In other news, Director Naren K. Gursahaney bought 2,000 shares of the company’s stock in a transaction dated Thursday, January 27th. The shares were bought at an average cost of $73.62 per share, with a total value of $147,240.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Rebecca J. Kujawa purchased 7,000 shares of the stock in a transaction on Friday, January 28th. The stock was bought at an average cost of $71.83 per share, for a total transaction of $502,810.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 73,691 shares of company stock worth $5,648,077. 0.43% of the stock is owned by insiders.
NextEra Energy Profile (Get Rating)
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, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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