Carnegie Capital Asset Management LLC boosted its stake in shares of NextEra Energy Inc (NYSE:NEE) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,831 shares of the utilities provider’s stock after buying an additional 1,267 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in NextEra Energy were worth $3,391,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in NEE. Commerce Bank boosted its stake in shares of NextEra Energy by 0.4% in the fourth quarter. Commerce Bank now owns 196,326 shares of the utilities provider’s stock valued at $30,664,000 after purchasing an additional 694 shares during the period. Derby & Company Inc. purchased a new position in shares of NextEra Energy in the fourth quarter valued at approximately $529,000. Van Hulzen Asset Management LLC purchased a new position in shares of NextEra Energy in the fourth quarter valued at approximately $670,000. NorthRock Partners LLC purchased a new position in shares of NextEra Energy in the fourth quarter valued at approximately $211,000. Finally, Cbre Clarion Securities LLC boosted its stake in shares of NextEra Energy by 62.5% in the fourth quarter. Cbre Clarion Securities LLC now owns 21,570 shares of the utilities provider’s stock valued at $3,369,000 after purchasing an additional 8,300 shares during the period. 75.50% of the stock is owned by institutional investors.
Shares of NextEra Energy Inc (NYSE:NEE) opened at $151.68 on Wednesday. The firm has a market cap of $71,410.00, a P/E ratio of 20.72, a P/E/G ratio of 2.56 and a beta of 0.28. NextEra Energy Inc has a 1-year low of $127.09 and a 1-year high of $159.64. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be issued a $1.11 dividend. 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. This represents a $4.44 annualized dividend and a yield of 2.93%. NextEra Energy’s dividend payout ratio (DPR) is 60.66%.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the sale, the chief executive officer now owns 121,958 shares of the company’s stock, valued at $19,202,287.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total transaction of $1,404,427.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 68,356 shares of company stock worth $10,677,620. 0.53% of the stock is owned by corporate insiders.
Several research firms have recently commented on NEE. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a research note on Tuesday, December 12th. Credit Suisse Group began coverage on shares of NextEra Energy in a research note on Thursday, December 7th. They issued an “outperform” rating and a $173.00 price objective for the company. Guggenheim reissued a “buy” rating and issued a $182.00 price objective on shares of NextEra Energy in a research note on Friday, January 26th. Morgan Stanley raised their price objective on shares of NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Finally, UBS Group began coverage on shares of NextEra Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $177.00 price objective for the company. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and an average price target of $161.56.
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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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