Castleton Investment Management LLC Decreases Holdings in NextEra Energy Inc (NEE)
Castleton Investment Management LLC lowered its position in NextEra Energy Inc (NYSE:NEE) by 36.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 39,925 shares of the utilities provider’s stock after selling 23,075 shares during the period. NextEra Energy accounts for approximately 2.2% of Castleton Investment Management LLC’s portfolio, making the stock its 16th biggest holding. Castleton Investment Management LLC’s holdings in NextEra Energy were worth $5,851,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in NEE. Hanson McClain Inc. raised its holdings in shares of NextEra Energy by 6.0% during the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 43 shares during the period. Risk Paradigm Group LLC raised its holdings in shares of NextEra Energy by 108.1% during the 3rd 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 period. Archford Capital Strategies LLC raised its holdings in shares of NextEra Energy by 76.9% during the 2nd 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 period. Highstreet Asset Management Inc. purchased a new position in shares of NextEra Energy during the 2nd quarter worth $134,000. Finally, Horan Capital Advisors LLC. purchased a new position in shares of NextEra Energy during the 3rd quarter worth $134,000. Institutional investors own 75.53% of the company’s stock.
Several research analysts have recently commented on the company. KeyCorp reiterated a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a report on Thursday, October 12th. Bank of America assumed coverage on NextEra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price target on the stock. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Tuesday, October 10th. Credit Suisse Group started coverage on NextEra Energy in a research report on Thursday, December 7th. They set an “outperform” rating and a $173.00 price objective for the company. Finally, J P Morgan Chase & Co set a $169.00 price objective on NextEra Energy and gave the stock a “hold” rating in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $159.00.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. The firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the company earned $1.74 EPS. analysts predict that NextEra Energy Inc will post 6.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were given a $0.9825 dividend. This represents a $3.93 annualized dividend and a yield of 2.54%. The ex-dividend date was Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is currently 44.16%.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 42,372 shares of NextEra Energy stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the completion of the transaction, the chief executive officer now directly owns 121,958 shares of the company’s stock, valued at approximately $19,202,287.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total value of $4,545,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,372 shares of company stock valued at $11,517,071. 0.53% of the stock is currently owned by corporate insiders.
NextEra Energy Company 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.
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.