Pittenger & Anderson Inc. lowered its position in shares of NextEra Energy Inc (NYSE:NEE) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,540 shares of the company’s stock after selling 975 shares during the period. Pittenger & Anderson Inc.’s holdings in NextEra Energy were worth $3,290,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in NEE. Bremer Trust National Association boosted its stake in NextEra Energy by 0.9% in the third quarter. Bremer Trust National Association now owns 7,186 shares of the company’s stock worth $879,000 after buying an additional 61 shares during the period. Advisory Services Network LLC boosted its stake in NextEra Energy by 157.5% in the third quarter. Advisory Services Network LLC now owns 7,747 shares of the company’s stock worth $948,000 after buying an additional 4,739 shares during the period. Searle & CO. purchased a new stake in NextEra Energy during the third quarter worth about $553,000. Gradient Investments LLC boosted its stake in NextEra Energy by 15.8% in the third quarter. Gradient Investments LLC now owns 3,423 shares of the company’s stock worth $419,000 after buying an additional 468 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in NextEra Energy by 12.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 120,477 shares of the company’s stock worth $14,737,000 after buying an additional 13,037 shares during the period. Institutional investors own 73.69% of the company’s stock.
NextEra Energy Inc (NYSE:NEE) opened at 131.85 on Wednesday. The firm has a market cap of $61.65 billion, a price-to-earnings ratio of 21.10 and a beta of 0.23. NextEra Energy Inc has a 52-week low of $110.49 and a 52-week high of $132.62. The company has a 50-day moving average of $127.91 and a 200 day moving average of $122.41.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 27th. The company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by $0.10. NextEra Energy had a net margin of 17.92% and a return on equity of 11.74%. The firm earned $3.70 billion during the quarter. During the same period in the previous year, the business posted $1.17 earnings per share. NextEra Energy’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, equities research analysts anticipate that NextEra Energy Inc will post $6.62 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th were given a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Friday, February 24th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.87. NextEra Energy’s dividend payout ratio (DPR) is 56.04%.
A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a research report on Tuesday, November 22nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $142.00 price objective on shares of NextEra Energy in a research report on Wednesday, January 4th. Deutsche Bank AG raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Monday, January 30th. Barclays PLC reaffirmed a “buy” rating and set a $139.00 price objective on shares of NextEra Energy in a research report on Sunday, February 19th. Finally, Mizuho upped their price objective on shares of NextEra Energy from $138.00 to $141.00 and gave the company a “buy” rating in a research report on Monday. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $134.27.
In other news, Director William H. Swanson acquired 3,860 shares of the firm’s stock in a transaction dated Friday, February 24th. The stock was bought at an average price of $128.86 per share, with a total value of $497,399.60. Following the transaction, the director now directly owns 25,180 shares in the company, valued at approximately $3,244,694.80. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Manoochehr K. Nazar sold 23,674 shares of NextEra Energy stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $130.86, for a total transaction of $3,097,979.64. Following the completion of the transaction, the insider now directly owns 114,721 shares of the company’s stock, valued at approximately $15,012,390.06. The disclosure for this sale can be found here. In the last three months, insiders sold 58,132 shares of company stock valued at $7,360,958. Insiders own 0.66% of the company’s stock.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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