Clearstead Advisors LLC boosted its holdings in NextEra Energy Inc (NYSE:NEE) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,105 shares of the utilities provider’s stock after purchasing an additional 91 shares during the period. Clearstead Advisors LLC’s holdings in NextEra Energy were worth $540,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Acima Private Wealth LLC bought a new stake in shares of NextEra Energy in the fourth quarter valued at $39,000. Westside Investment Management Inc. raised its stake in shares of NextEra Energy by 62.9% in the fourth quarter. Westside Investment Management Inc. now owns 259 shares of the utilities provider’s stock valued at $45,000 after buying an additional 100 shares during the period. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of NextEra Energy in the fourth quarter valued at $46,000. Contravisory Investment Management Inc. raised its stake in shares of NextEra Energy by 161.8% in the fourth quarter. Contravisory Investment Management Inc. now owns 288 shares of the utilities provider’s stock valued at $50,000 after buying an additional 178 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of NextEra Energy by 17,067.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock valued at $51,000 after buying an additional 8,771,018 shares during the period. 76.07% of the stock is currently owned by institutional investors and hedge funds.
NEE has been the topic of several research reports. Barclays boosted their target price on NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a research note on Monday, November 19th. Credit Suisse Group boosted their target price on NextEra Energy from $186.00 to $193.00 and gave the company an “outperform” rating in a research note on Wednesday, December 12th. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $204.00 target price on the stock in a research note on Monday, December 17th. Guggenheim restated a “buy” rating and issued a $205.00 target price on shares of NextEra Energy in a research note on Monday, January 7th. Finally, Morgan Stanley boosted their target price on NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a research note on Tuesday, February 12th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $178.75.
NYSE:NEE opened at $188.32 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.29 and a current ratio of 0.36. NextEra Energy Inc has a 52-week low of $152.06 and a 52-week high of $189.39. The firm has a market cap of $90.01 billion, a P/E ratio of 24.46, a P/E/G ratio of 2.89 and a beta of 0.26.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 25th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). NextEra Energy had a net margin of 39.74% and a return on equity of 10.01%. The company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Research analysts forecast that NextEra Energy Inc will post 8.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 28th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.66%. This is a positive change from NextEra Energy’s previous quarterly dividend of $1.11. The ex-dividend date is Wednesday, February 27th. NextEra Energy’s payout ratio is presently 57.66%.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 35,347 shares of the company’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $180.81, for a total value of $6,391,091.07. Following the transaction, the chief executive officer now directly owns 94,596 shares in the company, valued at approximately $17,103,902.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $170.23, for a total value of $272,368.00. Following the completion of the transaction, the director now owns 20,100 shares in the company, valued at $3,421,623. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,001 shares of company stock worth $10,475,928. 0.55% of the stock is currently owned by corporate insiders.
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NextEra Energy Company Profile
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 natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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