Johnson Financial Group Inc. Cuts Holdings in NextEra Energy Inc (NEE)
Johnson Financial Group Inc. lowered its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,263 shares of the utilities provider’s stock after selling 654 shares during the period. Johnson Financial Group Inc.’s holdings in NextEra Energy were worth $1,944,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in NEE. Hanson McClain Inc. grew its holdings in shares of NextEra Energy by 6.0% during the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after buying an additional 43 shares in the last quarter. Risk Paradigm Group LLC grew its holdings in shares of 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 buying an additional 442 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in shares of NextEra Energy by 8.9% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after buying an additional 71 shares in the last quarter. Horan Capital Advisors LLC. purchased a new stake in shares of NextEra Energy during the third quarter worth about $134,000. Finally, Highstreet Asset Management Inc. purchased a new stake in shares of NextEra Energy during the second quarter worth about $134,000. Institutional investors own 75.63% of the company’s stock.
NextEra Energy Inc (NEE) traded up $0.45 on Monday, reaching $158.43. 3,493,000 shares of the company’s stock traded hands, compared to its average volume of 1,700,666. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. NextEra Energy Inc has a 12 month low of $117.12 and a 12 month high of $159.40. The stock has a market capitalization of $74,525.16, a P/E ratio of 23.75, a P/E/G ratio of 3.16 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the previous year, the firm earned $1.74 earnings per share. NextEra Energy’s revenue for the quarter was up .1% on a year-over-year basis. equities research analysts anticipate that NextEra Energy Inc will post 6.73 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were paid a dividend of $0.9825 per share. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $3.93 annualized dividend and a yield of 2.48%. NextEra Energy’s dividend payout ratio is currently 44.16%.
In other NextEra Energy news, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the completion of the sale, the executive vice president now directly owns 78,167 shares in the company, valued at $11,456,155.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the sale, the chief executive officer now owns 121,958 shares of the company’s stock, valued at $19,202,287.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,857 shares of company stock valued at $15,984,953. 0.53% of the stock is owned by insiders.
A number of equities research analysts have recently commented on NEE shares. KeyCorp reiterated a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a report on Friday, September 1st. Morgan Stanley lifted their price target on shares of NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Argus reiterated a “buy” rating and set a $173.00 price target on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. Finally, J P Morgan Chase & Co started coverage on shares of NextEra Energy in a report on Thursday, September 7th. They set an “overweight” rating and a $173.00 price target for the company. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. NextEra Energy presently has an average rating of “Buy” and an average price target of $159.00.
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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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