Israel Discount Bank of New York GFN acquired a new position in NextEra Energy Inc (NYSE:NEE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,975 shares of the company’s stock, valued at approximately $236,000.
Several other institutional investors also recently bought and sold shares of NEE. Garde Capital Inc. bought a new position in NextEra Energy during the third quarter worth approximately $576,000. Duff & Phelps Investment Management Co. raised its position in NextEra Energy by 4.9% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,356,155 shares of the company’s stock worth $165,885,000 after buying an additional 63,690 shares in the last quarter. Private Trust Co. NA raised its position in NextEra Energy by 9.1% in the third quarter. Private Trust Co. NA now owns 5,994 shares of the company’s stock worth $733,000 after buying an additional 499 shares in the last quarter. Cohen Capital Management Inc. raised its position in NextEra Energy by 0.8% in the third quarter. Cohen Capital Management Inc. now owns 31,818 shares of the company’s stock worth $3,892,000 after buying an additional 250 shares in the last quarter. Finally, Hollencrest Securities LLC bought a new position in NextEra Energy during the third quarter worth approximately $216,000. 73.69% of the stock is currently owned by institutional investors.
Shares of NextEra Energy Inc (NYSE:NEE) opened at 132.80 on Friday. The company has a market cap of $62.09 billion, a P/E ratio of 21.25 and a beta of 0.23. The stock’s 50 day moving average price is $128.85 and its 200 day moving average price is $122.62. NextEra Energy Inc has a 12-month low of $110.49 and a 12-month high of $133.28.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 27th. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.31 by $0.10. The firm had revenue of $3.70 billion for the quarter. NextEra Energy had a net margin of 17.92% and a return on equity of 11.74%. The company’s revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 EPS. On average, analysts forecast that NextEra Energy Inc will post $6.62 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th were issued a dividend of $0.9825 per share. The ex-dividend date was Friday, February 24th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.87. This represents a $3.93 annualized dividend and a yield of 2.96%. NextEra Energy’s dividend payout ratio is currently 56.04%.
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A number of equities analysts recently commented on the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $143.00 price objective on shares of NextEra Energy in a research note on Tuesday, March 14th. Mizuho lifted their target price on NextEra Energy from $138.00 to $141.00 and gave the stock a “buy” rating in a report on Monday, March 20th. Barclays PLC reiterated a “buy” rating and issued a $139.00 target price on shares of NextEra Energy in a report on Sunday, February 19th. Deutsche Bank AG upgraded NextEra Energy from a “hold” rating to a “buy” rating in a report on Monday, January 30th. Finally, Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a report on Thursday, December 8th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $134.27.
In related news, Director James L. Robo sold 30,000 shares of the stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $122.60, for a total transaction of $3,678,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William H. Swanson bought 3,860 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The shares were bought at an average price of $128.86 per share, with a total value of $497,399.60. Following the completion of the acquisition, the director now directly owns 25,180 shares in the company, valued at $3,244,694.80. The disclosure for this purchase can be found here. Insiders have sold a total of 58,132 shares of company stock valued at $7,360,958 over the last 90 days. 0.66% of the stock is currently owned by company insiders.
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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