Gerber Kawasaki Wealth & Investment Management boosted its position in shares of NextEra Energy Inc (NYSE:NEE) by 103.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 29,716 shares of the utilities provider’s stock after purchasing an additional 15,081 shares during the period. NextEra Energy makes up 1.3% of Gerber Kawasaki Wealth & Investment Management’s holdings, making the stock its 25th largest holding. Gerber Kawasaki Wealth & Investment Management’s holdings in NextEra Energy were worth $4,962,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Capital Advisors Ltd. LLC lifted its position in NextEra Energy by 323.5% during the third quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock valued at $109,000 after purchasing an additional 495 shares during the last quarter. Braun Bostich & Associates Inc. lifted its position in NextEra Energy by 492.5% during the second quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock valued at $144,000 after purchasing an additional 719 shares during the last quarter. Howe & Rusling Inc. lifted its position in NextEra Energy by 70.5% during the second quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock valued at $151,000 after purchasing an additional 373 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new stake in NextEra Energy during the second quarter valued at approximately $167,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in NextEra Energy during the third quarter valued at approximately $168,000. 75.46% of the stock is owned by institutional investors.
Several equities research analysts have issued reports on NEE shares. Wells Fargo & Co lifted their target price on shares of NextEra Energy from $180.00 to $191.00 and gave the company an “outperform” rating in a research report on Monday, September 17th. Morgan Stanley dropped their target price on shares of NextEra Energy from $186.00 to $184.00 and set a “buy” rating for the company in a research report on Friday, September 21st. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Mizuho started coverage on shares of NextEra Energy in a research report on Monday, August 13th. They set a “buy” rating and a $184.00 target price for the company. Finally, ValuEngine upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. NextEra Energy currently has a consensus rating of “Buy” and an average price target of $174.62.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 EPS for the quarter, beating the Zacks’ consensus estimate of $2.15 by $0.03. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The company had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.92 billion. During the same period in the prior year, the business posted $1.85 EPS. The firm’s revenue was down 8.1% compared to the same quarter last year. Equities research analysts expect that NextEra Energy Inc will post 7.76 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be issued a dividend of $1.11 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $4.44 dividend on an annualized basis and a yield of 2.55%. 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 dated 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $167.00, for a total transaction of $267,200.00. Following the completion of the sale, the director now directly owns 21,300 shares in the company, valued at $3,557,100. The disclosure for this sale can be found here. Insiders have sold a total of 68,210 shares of company stock valued at $11,744,017 over the last quarter. 0.55% of the stock is currently owned by company insiders.
NextEra Energy Company Profile
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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