Guild Investment Management Inc. bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,960 shares of the utilities provider's stock, valued at approximately $919,000. NextEra Energy makes up about 1.0% of Guild Investment Management Inc.'s holdings, making the stock its 27th largest position.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Financial & Tax Architects LLC lifted its position in shares of NextEra Energy by 6.2% during the 1st quarter. Financial & Tax Architects LLC now owns 90,407 shares of the utilities provider's stock valued at $6,409,000 after buying an additional 5,283 shares in the last quarter. Dempze Nancy E raised its stake in NextEra Energy by 7.0% in the 1st quarter. Dempze Nancy E now owns 7,206 shares of the utilities provider's stock valued at $511,000 after purchasing an additional 471 shares during the last quarter. Delaney Dennis R raised its stake in NextEra Energy by 13.5% in the 1st quarter. Delaney Dennis R now owns 3,790 shares of the utilities provider's stock valued at $269,000 after purchasing an additional 450 shares during the last quarter. J. W. Coons Advisors LLC raised its stake in NextEra Energy by 1.8% in the 1st quarter. J. W. Coons Advisors LLC now owns 43,062 shares of the utilities provider's stock valued at $3,053,000 after purchasing an additional 750 shares during the last quarter. Finally, IMA Advisory Services Inc. acquired a new position in NextEra Energy in the 1st quarter valued at $35,000. Hedge funds and other institutional investors own 78.72% of the company's stock.
NextEra Energy Trading Down 0.2%
Shares of NYSE:NEE traded down $0.14 during midday trading on Friday, reaching $71.83. 8,068,737 shares of the company's stock were exchanged, compared to its average volume of 11,336,844. The firm's 50 day simple moving average is $72.23 and its two-hundred day simple moving average is $70.43. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The stock has a market cap of $147.92 billion, a price-to-earnings ratio of 25.12, a P/E/G ratio of 2.53 and a beta of 0.67. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10.
NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The company had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. During the same period last year, the business posted $0.96 EPS. NextEra Energy's revenue for the quarter was up 10.4% on a year-over-year basis. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.
NextEra Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is 79.02%.
Wall Street Analysts Forecast Growth
NEE has been the subject of several recent research reports. Morgan Stanley reduced their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Wells Fargo & Company reduced their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price target on shares of NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. Finally, HSBC lowered their price target on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $84.42.
Read Our Latest Research Report on NEE
Insider Transactions at NextEra Energy
In related news, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. This trade represents a 7.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president owned 196,817 shares of the company's stock, valued at $13,777,190. The trade was a 10.74% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.
NextEra Energy Profile
(
Free Report)
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,natural gas, and other clean energy. 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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