Chartwell Investment Partners LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 6.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,673 shares of the utilities provider’s stock after purchasing an additional 1,326 during the period. Chartwell Investment Partners LLC’s holdings in NextEra Energy was worth $1,921,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Contravisory Investment Management Inc. boosted its holdings 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 shares valued at $29,000 after purchasing an additional 260 during the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at about $31,000. Comprehensive Financial Consultants Institutional Inc. purchased a new stake in shares of NextEra Energy during the 4th quarter valued at about $34,000. Guardian Wealth Management Inc. purchased a new stake in shares of NextEra Energy during the 4th quarter valued at about $43,000. Finally, Horan Securities Inc. purchased a new stake in shares of NextEra Energy during the 4th quarter valued at about $44,000. 77.89% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:NEE opened at $80.25 on Monday. The firm has a market cap of $157.65 billion, a PE ratio of 108.45, a price-to-earnings-growth ratio of 3.03 and a beta of 0.45. The firm’s 50 day simple moving average is $74.72 and its 200-day simple moving average is $78.82. NextEra Energy, Inc. has a one year low of $67.22 and a one year high of $93.73. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.42 and a current ratio of 0.49.
NextEra Energy (NYSE:NEE – Get Rating) last issued its earnings results on Thursday, April 21st. The utilities provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $2.89 billion for 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 last year, the company posted $0.67 earnings per share. Equities research analysts predict that NextEra Energy, Inc. will post 2.84 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annual basis and a dividend yield of 2.12%. The ex-dividend date was Friday, May 27th. NextEra Energy’s dividend payout ratio (DPR) is presently 229.73%.
In other NextEra Energy news, CEO John W. Ketchum acquired 12,909 shares of the company’s stock in a transaction dated Friday, July 1st. The shares were purchased at an average cost of $78.33 per share, for a total transaction of $1,011,161.97. Following the completion of the purchase, the chief executive officer now owns 132,894 shares in the company, valued at $10,409,587.02. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kirk S. Hachigian acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, May 3rd. The shares were acquired at an average price of $70.19 per share, for a total transaction of $701,900.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $350,950. The disclosure for this purchase can be found here. Company insiders own 0.38% of the company’s stock.
NEE has been the topic of several recent research reports. KeyCorp upped their target price on shares of NextEra Energy from $87.00 to $89.00 and gave the company an “overweight” rating in a research report on Thursday, April 7th. Wells Fargo & Company upped their target price on shares of NextEra Energy from $102.00 to $107.00 and gave the company an “overweight” rating in a research report on Monday, April 18th. Credit Suisse Group set a $76.00 target price on shares of NextEra Energy in a research report on Monday, June 20th. Morgan Stanley reduced their objective price on shares of NextEra Energy from $88.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Monday, May 23rd. Finally, TheStreet lowered shares of NextEra Energy from a “b” rating to a “c+” rating in a research report on Thursday, April 21st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $88.86.
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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