Shelter Ins Retirement Plan Invests $1.70 Million in NextEra Energy Inc (NEE) Stock

Shelter Ins Retirement Plan acquired a new stake in NextEra Energy Inc (NYSE:NEE) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,600 shares of the utilities provider’s stock, valued at approximately $1,700,000.

Other large investors have also recently bought and sold shares of the company. Hanson McClain Inc. boosted its holdings 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 buying an additional 43 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings 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 buying an additional 71 shares during the period. Archford Capital Strategies LLC boosted its holdings 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 buying an additional 4,347 shares during the period. Highstreet Asset Management Inc. bought a new position in NextEra Energy in the 2nd quarter worth approximately $134,000. Finally, Atlantic Trust LLC bought a new position in NextEra Energy in the 2nd quarter worth approximately $154,000. Hedge funds and other institutional investors own 75.63% of the company’s stock.

Several research analysts have commented on the stock. KeyCorp reissued a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a report on Thursday, October 12th. Bank of America assumed coverage on shares of NextEra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price target for the company. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a report on Tuesday, October 10th. Credit Suisse Group assumed coverage on shares of NextEra Energy in a report on Thursday. They issued an “outperform” rating and a $173.00 price target for the company. Finally, Morgan Stanley raised their price target on shares of NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $157.73.

NextEra Energy Inc (NYSE NEE) traded up $2.14 during mid-day trading on Thursday, hitting $157.78. 1,983,800 shares of the company’s stock were exchanged, compared to its average volume of 1,684,582. NextEra Energy Inc has a 12-month low of $114.80 and a 12-month high of $159.28. The stock has a market capitalization of $73,212.69, a PE ratio of 23.33, a price-to-earnings-growth ratio of 3.10 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The firm had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the previous year, the company earned $1.74 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. research analysts expect that NextEra Energy Inc will post 6.73 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s payout ratio is 44.16%.

In other news, EVP Joseph T. Kelliher sold 2,000 shares of NextEra Energy stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Charles E. Sieving sold 30,485 shares of NextEra Energy stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the sale, the executive vice president now directly owns 78,167 shares in the company, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. Insiders sold 65,385 shares of company stock worth $9,748,482 in the last 90 days. Corporate insiders own 0.53% of the company’s stock.

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

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