Venturi Wealth Management LLC raised its stake in shares of NextEra Energy Inc (NYSE:NEE) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,364 shares of the utilities provider’s stock after purchasing an additional 974 shares during the quarter. Venturi Wealth Management LLC’s holdings in NextEra Energy were worth $3,805,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Achmea Investment Management B.V. increased its position in NextEra Energy by 61.5% during the 3rd quarter. Achmea Investment Management B.V. now owns 52,613 shares of the utilities provider’s stock valued at $7,708,000 after purchasing an additional 20,028 shares during the period. AXA increased its position in NextEra Energy by 5.2% during the 3rd quarter. AXA now owns 383,033 shares of the utilities provider’s stock valued at $56,133,000 after purchasing an additional 19,060 shares during the period. Colony Group LLC increased its position in NextEra Energy by 806.4% during the 2nd quarter. Colony Group LLC now owns 15,517 shares of the utilities provider’s stock valued at $2,174,000 after purchasing an additional 13,805 shares during the period. South Dakota Investment Council purchased a new position in NextEra Energy during the 3rd quarter valued at $2,535,000. Finally, Cookson Peirce & Co. Inc. purchased a new position in NextEra Energy during the 2nd quarter valued at $9,809,000. 75.50% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy Inc (NEE) opened at $152.51 on Wednesday. The stock has a market cap of $72,808.29, a PE ratio of 13.32, a P/E/G ratio of 2.54 and a beta of 0.28. NextEra Energy Inc has a one year low of $127.09 and a one year high of $159.64. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.52.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be paid a $1.11 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.98. The ex-dividend date is Monday, February 26th. This represents a $4.44 dividend on an annualized basis and a yield of 2.91%. NextEra Energy’s payout ratio is presently 38.98%.
NEE has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “buy” rating and set a $156.00 price objective on shares of NextEra Energy in a research report on Tuesday, November 7th. Argus restated a “buy” rating and set a $173.00 target price on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. Credit Suisse Group initiated coverage on shares of NextEra Energy in a report on Thursday, December 7th. They set an “outperform” rating and a $173.00 target price on the stock. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 target price on the stock in a report on Tuesday, December 12th. Finally, Morgan Stanley boosted their target price on shares of NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $161.56.
In related news, CEO Armando Pimentel, Jr. sold 42,372 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total value of $6,671,471.40. Following the transaction, the chief executive officer now owns 121,958 shares in the company, valued at approximately $19,202,287.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Manoochehr K. Nazar sold 13,890 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $155.64, for a total transaction of $2,161,839.60. Following the completion of the transaction, the insider now owns 142,429 shares in the company, valued at approximately $22,167,649.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,356 shares of company stock worth $10,677,620. 0.53% of the stock is currently owned by company insiders.
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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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