Novare Capital Management LLC boosted its position in NextEra Energy Inc (NYSE:NEE) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,959 shares of the utilities provider’s stock after purchasing an additional 845 shares during the quarter. Novare Capital Management LLC’s holdings in NextEra Energy were worth $4,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hanson McClain Inc. lifted its stake in NextEra Energy by 6.0% in the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 43 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in NextEra Energy by 8.9% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 71 shares in the last quarter. Archford Capital Strategies LLC lifted its stake in NextEra Energy by 76.9% in the 2nd quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after purchasing an additional 4,347 shares in the last quarter. Highstreet Asset Management Inc. purchased a new stake in NextEra Energy in the 2nd quarter worth approximately $134,000. Finally, Atlantic Trust LLC purchased a new stake in NextEra Energy in the 2nd quarter worth approximately $154,000. Institutional investors and hedge funds own 75.63% of the company’s stock.
NextEra Energy Inc (NEE) traded up $0.22 during trading on Tuesday, hitting $159.25. 1,608,800 shares of the stock traded hands, compared to its average volume of 1,681,721. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61. The stock has a market cap of $74,807.33, a PE ratio of 23.84, a P/E/G ratio of 3.17 and a beta of 0.31. NextEra Energy Inc has a 12-month low of $114.85 and a 12-month high of $159.35.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is currently 44.16%.
In related news, EVP John W. Ketchum sold 2,900 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $150.00, for a total transaction of $435,000.00. Following the transaction, the executive vice president now owns 18,786 shares of the company’s stock, valued at approximately $2,817,900. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the transaction, the chief executive officer now directly owns 121,958 shares in the company, valued at approximately $19,202,287.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 107,757 shares of company stock worth $16,419,953. 0.53% of the stock is owned by insiders.
Several analysts have issued reports on NEE shares. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 target price on the stock in a research note on Tuesday. KeyCorp reiterated a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a research note on Thursday, October 12th. Argus restated a “buy” rating and set a $173.00 price objective on shares of NextEra Energy in a research report on Tuesday, December 5th. They noted that the move was a valuation call. Royal Bank of Canada restated a “buy” rating and set a $156.00 price objective on shares of NextEra Energy in a research report on Tuesday, November 7th. Finally, Bank of America assumed coverage on shares of NextEra Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $158.60.
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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.
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