Amalgamated Bank increased its stake in shares of NextEra Energy Inc (NYSE:NEE) by 9.8% during the 4th quarter, Holdings Channel reports. The firm owned 59,017 shares of the utilities provider’s stock after purchasing an additional 5,286 shares during the quarter. Amalgamated Bank’s holdings in NextEra Energy were worth $9,218,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased 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 valued at $4,785,120,000 after purchasing an additional 1,503,907 shares during the last quarter. FMR LLC grew its position in NextEra Energy by 1.1% in the 2nd quarter. FMR LLC now owns 7,767,929 shares of the utilities provider’s stock valued at $1,088,520,000 after acquiring an additional 87,224 shares during the last quarter. Bank of New York Mellon Corp grew its position in NextEra Energy by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 3,907,505 shares of the utilities provider’s stock valued at $610,314,000 after acquiring an additional 41,226 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in NextEra Energy by 26.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock valued at $548,102,000 after acquiring an additional 777,351 shares during the last quarter. Finally, Legal & General Group Plc grew its position in NextEra Energy by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 2,772,914 shares of the utilities provider’s stock valued at $406,375,000 after acquiring an additional 76,379 shares during the last quarter. 75.50% of the stock is currently owned by hedge funds and other institutional investors.
In other NextEra Energy news, EVP Charles E. Sieving sold 2,844 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $154.67, for a total value of $439,881.48. Following the completion of the sale, the executive vice president now directly owns 48,966 shares in the company, valued at approximately $7,573,571.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the completion of the sale, the chief executive officer now owns 121,958 shares of the company’s stock, valued at $19,202,287.10. The disclosure for this sale can be found here. Insiders sold a total of 68,356 shares of company stock valued at $10,677,620 over the last quarter. Company insiders own 0.53% of the company’s stock.
Shares of NextEra Energy Inc (NEE) opened at $151.68 on Wednesday. NextEra Energy Inc has a 1-year low of $127.09 and a 1-year high of $159.64. The firm has a market capitalization of $71,410.00, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 2.56 and a beta of 0.28. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.52.
NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the prior year, the company posted $1.21 earnings per share. NextEra Energy’s quarterly revenue was up 8.4% compared to the same quarter last year. sell-side analysts predict that NextEra Energy Inc will post 7.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be issued a $1.11 dividend. This represents a $4.44 annualized dividend and a dividend yield of 2.93%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Monday, February 26th. NextEra Energy’s dividend payout ratio is currently 60.66%.
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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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