Natixis Advisors L.P. cut its stake in NextEra Energy Inc (NYSE:NEE) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,939 shares of the utilities provider’s stock after selling 2,131 shares during the period. Natixis Advisors L.P.’s holdings in NextEra Energy were worth $9,549,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Acima Private Wealth LLC purchased a new stake in NextEra Energy in the fourth quarter valued at $39,000. Westside Investment Management Inc. lifted its position in NextEra Energy by 62.9% in the fourth quarter. Westside Investment Management Inc. now owns 259 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 100 shares during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in NextEra Energy in the fourth quarter valued at $46,000. Contravisory Investment Management Inc. lifted its position in NextEra Energy by 161.8% in the fourth quarter. Contravisory Investment Management Inc. now owns 288 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 178 shares during the last quarter. Finally, Athena Capital Advisors LLC acquired a new position in NextEra Energy in the fourth quarter valued at $56,000. 75.98% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Miguel Arechabala sold 5,448 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $188.61, for a total transaction of $1,027,547.28. Following the transaction, the executive vice president now directly owns 6,348 shares in the company, valued at $1,197,296.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $170.23, for a total transaction of $272,368.00. Following the transaction, the director now owns 20,100 shares in the company, valued at $3,421,623. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,909 shares of company stock worth $11,666,919. Company insiders own 0.55% of the company’s stock.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 25th. The utilities provider reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). The business had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.84 billion. NextEra Energy had a net margin of 39.74% and a return on equity of 10.01%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.25 earnings per share. Equities analysts anticipate that NextEra Energy Inc will post 8.4 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 28th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.61%. This is a positive change from NextEra Energy’s previous quarterly dividend of $1.11. The ex-dividend date of this dividend was Wednesday, February 27th. NextEra Energy’s payout ratio is 64.94%.
NEE has been the topic of a number of recent research reports. Guggenheim restated a “buy” rating and issued a $205.00 price objective on shares of NextEra Energy in a research note on Monday, January 7th. Morgan Stanley lifted their price objective on shares of NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a research note on Tuesday, February 12th. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. Credit Suisse Group lifted their price objective on shares of NextEra Energy from $186.00 to $193.00 and gave the company an “outperform” rating in a research note on Wednesday, December 12th. Finally, Barclays lifted their price objective on shares of NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a research note on Monday, November 19th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $180.50.
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About NextEra Energy
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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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