LaFleur & Godfrey LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 127.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,220 shares of the utilities provider's stock after acquiring an additional 5,720 shares during the period. LaFleur & Godfrey LLC's holdings in NextEra Energy were worth $724,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Bellwether Advisors LLC acquired a new stake in NextEra Energy during the fourth quarter worth approximately $30,000. WealthTrak Capital Management LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at $33,000. Copia Wealth Management purchased a new position in shares of NextEra Energy in the 4th quarter valued at $36,000. Midwest Capital Advisors LLC acquired a new stake in NextEra Energy during the 4th quarter worth $44,000. Finally, Promus Capital LLC purchased a new stake in NextEra Energy in the fourth quarter valued at $45,000. Institutional investors and hedge funds own 78.72% of the company's stock.
Insider Transactions at NextEra Energy
In related news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president now owns 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.18% of the company's stock.
NextEra Energy Stock Performance
NYSE:NEE traded down $1.01 during midday trading on Wednesday, reaching $70.39. The stock had a trading volume of 12,838,762 shares, compared to its average volume of 10,980,119. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The stock has a market cap of $144.91 billion, a P/E ratio of 26.36, a P/E/G ratio of 2.49 and a beta of 0.68. The firm has a fifty day simple moving average of $69.71 and a two-hundred day simple moving average of $70.22. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10.
NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. During the same quarter last year, the business earned $0.91 EPS. The business's revenue was up 9.0% on a year-over-year basis. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.
NextEra Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.22%. The ex-dividend date was Monday, June 2nd. NextEra Energy's payout ratio is 85.02%.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. UBS Group dropped their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. JPMorgan Chase & Co. upped their target price on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Barclays dropped their price target on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Wells Fargo & Company reduced their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Guggenheim reissued a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $84.50.
Check Out Our Latest Research Report on NextEra Energy
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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