Ropes Wealth Advisors LLC cut its stake in NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 22.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,535 shares of the utilities provider’s stock after selling 22,762 shares during the period. NextEra Energy makes up approximately 1.3% of Ropes Wealth Advisors LLC’s holdings, making the stock its 16th largest holding. Ropes Wealth Advisors LLC’s holdings in NextEra Energy were worth $7,425,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Bragg Financial Advisors Inc increased its holdings in NextEra Energy by 2.2% in the third quarter. Bragg Financial Advisors Inc now owns 5,548 shares of the utilities provider’s stock valued at $436,000 after buying an additional 120 shares in the last quarter. BKD Wealth Advisors LLC increased its stake in shares of NextEra Energy by 0.9% during the 4th quarter. BKD Wealth Advisors LLC now owns 14,084 shares of the utilities provider’s stock worth $1,315,000 after purchasing an additional 121 shares in the last quarter. Chicago Capital LLC increased its stake in shares of NextEra Energy by 1.7% during the 4th quarter. Chicago Capital LLC now owns 7,158 shares of the utilities provider’s stock worth $668,000 after purchasing an additional 122 shares in the last quarter. Johanson Financial Advisors Inc. increased its stake in shares of NextEra Energy by 0.8% during the 4th quarter. Johanson Financial Advisors Inc. now owns 15,740 shares of the utilities provider’s stock worth $1,470,000 after purchasing an additional 127 shares in the last quarter. Finally, Aaron Wealth Advisors LLC increased its stake in shares of NextEra Energy by 3.8% during the 4th quarter. Aaron Wealth Advisors LLC now owns 3,610 shares of the utilities provider’s stock worth $337,000 after purchasing an additional 133 shares in the last quarter. 77.89% of the stock is owned by institutional investors.
In other NextEra Energy news, Director Kirk S. Hachigian bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was acquired at an average cost of $70.19 per share, with a total value of $701,900.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at $350,950. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.38% of the stock is owned by corporate insiders.
NextEra Energy (NYSE:NEE – Get Rating) last posted its earnings results on Thursday, April 21st. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $5.16 billion. NextEra Energy had a net margin of 8.97% and a return on equity of 11.49%. During the same period in the previous year, the business posted $0.67 EPS. Analysts anticipate that NextEra Energy, Inc. will post 2.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st were paid a dividend of $0.425 per share. The ex-dividend date was Monday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.39. This represents a $1.70 annualized dividend and a yield of 2.44%. NextEra Energy’s dividend payout ratio is currently 229.73%.
Several research firms have commented on NEE. Evercore ISI reaffirmed a “hold” rating and issued a $90.00 target price on shares of NextEra Energy in a research note on Friday, April 22nd. KeyCorp lifted 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. Mizuho lowered their target price on shares of NextEra Energy from $88.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, April 25th. TheStreet lowered shares of NextEra Energy from a “b” rating to a “c+” rating in a report on Thursday, April 21st. Finally, StockNews.com initiated coverage on shares of NextEra Energy in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $89.44.
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.
- Get a free copy of the StockNews.com research report on NextEra Energy (NEE)
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