Allworth Financial LP lifted its holdings in NextEra Energy Inc (NYSE:NEE) by 26.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,415 shares of the utilities provider’s stock after purchasing an additional 294 shares during the period. Allworth Financial LP’s holdings in NextEra Energy were worth $330,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. USS Investment Management Ltd purchased a new position in shares of NextEra Energy in the first quarter worth approximately $43,715,000. Interactive Financial Advisors purchased a new position in shares of NextEra Energy in the first quarter worth approximately $128,000. Buckingham Capital Management Inc. increased its position in shares of NextEra Energy by 4.9% in the first quarter. Buckingham Capital Management Inc. now owns 13,958 shares of the utilities provider’s stock worth $2,698,000 after acquiring an additional 651 shares in the last quarter. First Trust Advisors LP increased its position in shares of NextEra Energy by 2.8% in the first quarter. First Trust Advisors LP now owns 330,834 shares of the utilities provider’s stock worth $63,957,000 after acquiring an additional 9,085 shares in the last quarter. Finally, Empirical Finance LLC purchased a new position in shares of NextEra Energy in the first quarter worth approximately $213,000. 76.09% of the stock is currently owned by institutional investors.
NEE traded up $3.39 on Wednesday, reaching $233.36. 1,470,051 shares of the company traded hands, compared to its average volume of 1,974,500. The stock’s 50 day moving average price is $224.57 and its 200-day moving average price is $207.26. NextEra Energy Inc has a 52-week low of $164.78 and a 52-week high of $234.27. The company has a market cap of $111.91 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 3.48 and a beta of 0.18. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.42.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 29th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Wednesday, August 28th. NextEra Energy’s payout ratio is presently 64.94%.
NEE has been the topic of several analyst reports. Bank of America lifted their target price on shares of NextEra Energy from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. UBS Group lifted their target price on shares of NextEra Energy from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Barclays downgraded shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 target price on the stock. in a research report on Tuesday, August 13th. Wells Fargo & Co set a $240.00 price objective on shares of NextEra Energy and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Finally, Guggenheim boosted their price objective on shares of NextEra Energy from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $219.85.
In other NextEra Energy news, CEO James L. Robo sold 44,537 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $216.85, for a total value of $9,657,848.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $231.32, for a total transaction of $370,112.00. Following the completion of the sale, the director now owns 16,237 shares of the company’s stock, valued at $3,755,942.84. The disclosure for this sale can be found here. Insiders have sold 97,576 shares of company stock worth $21,514,886 over the last ninety days. 0.48% of the stock is currently owned by insiders.
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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