Marietta Wealth Management LLC boosted its stake in NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 1.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 68,267 shares of the utilities provider’s stock after buying an additional 1,285 shares during the quarter. Marietta Wealth Management LLC’s holdings in NextEra Energy were worth $5,783,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of NEE. Jackson Wealth Management LLC lifted its stake in 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. Contravisory Investment Management Inc. lifted its stake in shares of NextEra Energy by 295.5% during the 1st quarter. Contravisory Investment Management Inc. now owns 348 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 260 shares during the period. Northwest Investment Counselors LLC purchased a new position in shares of NextEra Energy during the 4th quarter worth $31,000. Comprehensive Financial Consultants Institutional Inc. purchased a new position in shares of NextEra Energy during the 4th quarter worth $34,000. Finally, Guardian Wealth Management Inc. purchased a new position in shares of NextEra Energy during the 4th quarter worth $43,000. 77.89% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE NEE opened at $73.02 on Wednesday. NextEra Energy, Inc. has a 12-month low of $67.22 and a 12-month high of $93.73. The company has a market cap of $143.45 billion, a P/E ratio of 98.28, a P/E/G ratio of 2.71 and a beta of 0.48. The company has a current ratio of 0.49, a quick ratio of 0.42 and a debt-to-equity ratio of 1.16. The stock has a fifty day moving average price of $74.56 and a 200 day moving average price of $80.02.
NextEra Energy (NYSE:NEE – Get Rating) last announced its quarterly earnings results on Thursday, April 21st. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. NextEra Energy had a return on equity of 11.49% and a net margin of 8.97%. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same period in the prior year, the firm earned $0.67 EPS. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 2.84 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st were issued a $0.425 dividend. The ex-dividend date of this dividend was Friday, May 27th. This represents a $1.70 annualized dividend and a yield of 2.33%. NextEra Energy’s dividend payout ratio is currently 229.73%.
A number of research analysts have weighed in on NEE shares. TheStreet lowered NextEra Energy from a “b” rating to a “c+” rating in a research note on Thursday, April 21st. Credit Suisse Group set a $76.00 price target on NextEra Energy in a research note on Monday. KeyCorp increased their price target on 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 assumed coverage on NextEra Energy in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Evercore ISI reaffirmed a “hold” rating and issued a $90.00 target price on shares of NextEra Energy in a research report on Friday, April 22nd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $88.86.
In other NextEra Energy news, Director Kirk S. Hachigian bought 10,000 shares of the stock in a transaction dated Tuesday, May 3rd. The stock was bought at an average cost of $70.19 per share, for a total transaction of $701,900.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $350,950. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.43% of the stock is owned by company insiders.
About NextEra Energy (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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