Abner Herrman & Brock LLC lessened its position in NextEra Energy Inc (NYSE:NEE) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,064 shares of the utilities provider’s stock after selling 1,534 shares during the quarter. NextEra Energy makes up 1.8% of Abner Herrman & Brock LLC’s investment portfolio, making the stock its 24th largest holding. Abner Herrman & Brock LLC’s holdings in NextEra Energy were worth $10,631,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in NextEra Energy by 0.6% during the 2nd quarter. BlackRock Inc. now owns 38,051,440 shares of the utilities provider’s stock worth $5,332,149,000 after purchasing an additional 217,972 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of NextEra Energy by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock worth $4,785,120,000 after acquiring an additional 1,503,907 shares in the last quarter. FMR LLC boosted its position in shares of NextEra Energy by 1.1% during the 2nd quarter. FMR LLC now owns 7,767,929 shares of the utilities provider’s stock worth $1,088,520,000 after acquiring an additional 87,224 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of NextEra Energy by 26.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock worth $548,102,000 after acquiring an additional 777,351 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of NextEra Energy by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 2,772,914 shares of the utilities provider’s stock worth $406,375,000 after acquiring an additional 76,379 shares in the last quarter. Hedge funds and other institutional investors own 75.38% of the company’s stock.
Several research firms have recently issued reports on NEE. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a research report on Thursday. Guggenheim reaffirmed a “buy” rating and set a $177.00 price objective on shares of NextEra Energy in a research report on Wednesday. Morgan Stanley upped their price objective on NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Credit Suisse Group began coverage on NextEra Energy in a research report on Thursday, December 7th. They set an “outperform” rating and a $173.00 price objective for the company. Finally, Argus reaffirmed a “buy” rating and set a $173.00 price objective on shares of NextEra Energy in a research report on Tuesday, December 5th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. NextEra Energy currently has an average rating of “Buy” and an average target price of $159.63.
NextEra Energy Inc (NYSE NEE) traded down $0.78 during trading on Friday, hitting $151.02. The stock had a trading volume of 3,407,300 shares, compared to its average volume of 2,450,300. NextEra Energy Inc has a fifty-two week low of $117.33 and a fifty-two week high of $159.40. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. The stock has a market cap of $71,380.00, a P/E ratio of 16.97, a P/E/G ratio of 2.81 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.08. The firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The firm’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.74 EPS. sell-side analysts forecast that NextEra Energy Inc will post 6.73 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were paid a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a yield of 2.60%. The ex-dividend date was Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is presently 44.16%.
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NextEra Energy Company 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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