Abner Herrman & Brock LLC Has $11.01 Million Stake in NextEra Energy Inc (NEE)

Abner Herrman & Brock LLC grew its position in NextEra Energy Inc (NYSE:NEE) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,662 shares of the utilities provider’s stock after acquiring an additional 1,407 shares during the period. NextEra Energy comprises about 1.6% of Abner Herrman & Brock LLC’s portfolio, making the stock its 29th largest holding. Abner Herrman & Brock LLC’s holdings in NextEra Energy were worth $11,005,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Philadelphia Trust Co. raised its position in shares of NextEra Energy by 8.0% in the 2nd quarter. Philadelphia Trust Co. now owns 4,047 shares of the utilities provider’s stock valued at $676,000 after buying an additional 300 shares in the last quarter. Monetary Management Group Inc. raised its position in shares of NextEra Energy by 11.4% in the 2nd quarter. Monetary Management Group Inc. now owns 2,935 shares of the utilities provider’s stock valued at $490,000 after buying an additional 300 shares in the last quarter. Burns J W & Co. Inc. NY raised its position in shares of NextEra Energy by 18.1% in the 3rd quarter. Burns J W & Co. Inc. NY now owns 1,954 shares of the utilities provider’s stock valued at $327,000 after buying an additional 300 shares in the last quarter. Exchange Capital Management Inc. raised its position in shares of NextEra Energy by 8.1% in the 2nd quarter. Exchange Capital Management Inc. now owns 4,247 shares of the utilities provider’s stock valued at $709,000 after buying an additional 319 shares in the last quarter. Finally, Ropes Wealth Advisors LLC raised its position in shares of NextEra Energy by 1.1% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 31,287 shares of the utilities provider’s stock valued at $5,226,000 after buying an additional 332 shares in the last quarter. Institutional investors own 76.38% of the company’s stock.

NEE traded up $2.30 during trading on Friday, reaching $173.87. 132,738 shares of the company’s stock were exchanged, compared to its average volume of 1,976,797. NextEra Energy Inc has a one year low of $145.10 and a one year high of $175.66. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.58 and a quick ratio of 0.46. The firm has a market capitalization of $80.56 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 2.62 and a beta of 0.20.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 25th. The utilities provider reported $2.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.05. NextEra Energy had a net margin of 49.10% and a return on equity of 10.49%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.51 billion. During the same period in the previous year, the firm posted $1.86 EPS. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, equities research analysts predict that NextEra Energy Inc will post 7.78 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be paid a $1.11 dividend. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, November 29th. NextEra Energy’s dividend payout ratio is currently 66.27%.

In other news, Treasurer Paul I. Cutler sold 11,016 shares of the company’s stock in a transaction on Wednesday, October 10th. The shares were sold at an average price of $175.08, for a total value of $1,928,681.28. Following the sale, the treasurer now directly owns 102,291 shares of the company’s stock, valued at approximately $17,909,108.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James L. Robo sold 18,000 shares of the business’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $170.69, for a total transaction of $3,072,420.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,024 shares of company stock worth $12,742,375. Insiders own 0.55% of the company’s stock.

Several equities analysts have recently commented on the stock. Howard Weil assumed coverage on shares of NextEra Energy in a research report on Tuesday, July 24th. They issued a “sector perform” rating for the company. Wells Fargo & Co boosted their target price on shares of NextEra Energy from $191.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, October 10th. Morgan Stanley decreased their price target on shares of NextEra Energy from $186.00 to $184.00 and set a “buy” rating on the stock in a report on Friday, September 21st. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 target price on the stock in a report on Wednesday, August 8th. Finally, Barclays assumed coverage on shares of NextEra Energy in a report on Tuesday, July 10th. They set an “equal weight” rating and a $182.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. NextEra Energy has an average rating of “Buy” and a consensus price target of $170.64.

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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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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