Aspen Investment Management Inc held its stake in NextEra Energy, Inc. (NYSE:NEE) during the first quarter, Holdings Channel reports. The firm owned 3,610 shares of the utilities provider’s stock at the end of the first quarter. Aspen Investment Management Inc’s holdings in NextEra Energy were worth $463,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of NEE. Harbour Investment Management LLC acquired a new stake in NextEra Energy during the first quarter worth $2,025,000. Maple Capital Management Inc. boosted its stake in NextEra Energy by 3.3% in the first quarter. Maple Capital Management Inc. now owns 3,097 shares of the utilities provider’s stock worth $398,000 after buying an additional 100 shares during the last quarter. AT Bancorp boosted its stake in NextEra Energy by 9.6% in the first quarter. AT Bancorp now owns 12,148 shares of the utilities provider’s stock worth $1,559,000 after buying an additional 1,068 shares during the last quarter. Pinnacle Financial Partners Inc. boosted its stake in NextEra Energy by 5.7% in the first quarter. Pinnacle Financial Partners Inc. now owns 4,109 shares of the utilities provider’s stock worth $527,000 after buying an additional 220 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY boosted its stake in NextEra Energy by 3.5% in the first quarter. Cobblestone Capital Advisors LLC NY now owns 4,345 shares of the utilities provider’s stock worth $558,000 after buying an additional 145 shares during the last quarter. 77.89% of the stock is currently owned by institutional investors and hedge funds.
Shares of NextEra Energy, Inc. (NEE) opened at 142.84 on Friday. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $143.17. The firm’s 50-day moving average is $138.21 and its 200 day moving average is $128.21. The company has a market capitalization of $66.87 billion, a PE ratio of 17.38 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last released its earnings results on Friday, April 21st. The utilities provider reported $1.75 EPS for the quarter, beating the consensus estimate of $1.51 by $0.24. The firm had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.99 billion. NextEra Energy had a net margin of 23.58% and a return on equity of 11.82%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned $1.55 EPS. On average, analysts anticipate that NextEra Energy, Inc. will post $6.68 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Tuesday, May 30th were issued a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Thursday, May 25th. NextEra Energy’s dividend payout ratio (DPR) is presently 47.87%.
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A number of analysts recently weighed in on the stock. BidaskClub cut shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Morgan Stanley upped their target price on shares of NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, May 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $144.00 target price on shares of NextEra Energy in a research note on Tuesday, May 2nd. Barclays PLC reissued an “overweight” rating and issued a $150.00 target price (up previously from $139.00) on shares of NextEra Energy in a research note on Sunday, April 23rd. Finally, Deutsche Bank AG upped their price objective on shares of NextEra Energy from $128.00 to $132.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. NextEra Energy presently has a consensus rating of “Buy” and an average target price of $142.11.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 5,680 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $133.11, for a total transaction of $756,064.80. Following the sale, the chief executive officer now directly owns 79,586 shares of the company’s stock, valued at approximately $10,593,692.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eric E. Silagy sold 8,111 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the sale, the director now directly owns 26,884 shares in the company, valued at $3,779,352.72. The disclosure for this sale can be found here. Insiders have sold a total of 74,179 shares of company stock worth $10,091,188 over the last ninety days. 0.53% of the stock is currently owned by insiders.
About NextEra Energy
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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