NextEra Energy Inc (NEE) Shares Bought by Bainco International Investors

Bainco International Investors grew its position in shares of NextEra Energy Inc (NYSE:NEE) by 7.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,137 shares of the utilities provider’s stock after acquiring an additional 5,153 shares during the quarter. NextEra Energy comprises 1.4% of Bainco International Investors’ portfolio, making the stock its 18th biggest position. Bainco International Investors’ holdings in NextEra Energy were worth $11,356,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NEE. Taylor Hoffman Wealth Management acquired a new stake in NextEra Energy during the fourth quarter worth about $106,000. D Orazio & Associates Inc. acquired a new stake in NextEra Energy during the fourth quarter worth about $113,000. Risk Paradigm Group LLC increased its stake in NextEra Energy by 108.1% during the third quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 442 shares during the last quarter. Archford Capital Strategies LLC increased its stake in NextEra Energy by 76.9% during the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after acquiring an additional 4,347 shares during the last quarter. Finally, Cerebellum GP LLC acquired a new stake in NextEra Energy during the fourth quarter worth about $128,000. Institutional investors own 75.15% of the company’s stock.

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Several brokerages have commented on NEE. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Morgan Stanley dropped their price target on NextEra Energy from $172.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, February 13th. Credit Suisse Group started coverage on NextEra Energy in a research report on Thursday, December 7th. They issued an “outperform” rating and a $173.00 target price for the company. ValuEngine raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Guggenheim reaffirmed a “buy” rating and issued a $177.00 target price on shares of NextEra Energy in a research report on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $161.75.

In related news, insider Manoochehr K. Nazar sold 13,890 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $155.64, for a total value of $2,161,839.60. Following the completion of the transaction, the insider now owns 142,429 shares of the company’s stock, valued at $22,167,649.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total value of $1,404,427.50. The disclosure for this sale can be found here. Insiders sold 25,984 shares of company stock valued at $4,006,149 in the last three months. 0.53% of the stock is currently owned by company insiders.

Shares of NextEra Energy Inc (NEE) opened at $154.81 on Monday. NextEra Energy Inc has a 1 year low of $127.09 and a 1 year high of $159.64. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $72,883.62, a PE ratio of 13.59, a PEG ratio of 2.54 and a beta of 0.32.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.18 billion. NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.21 EPS. research analysts expect that NextEra Energy Inc will post 7.73 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be issued a $1.11 dividend. The ex-dividend date of this dividend is Monday, February 26th. This represents a $4.44 dividend on an annualized basis and a yield of 2.87%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.98. NextEra Energy’s dividend payout ratio is currently 38.98%.

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NextEra Energy Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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