Taylor Hoffman Wealth Management grew its stake in shares of NextEra Energy Inc (NYSE:NEE) by 93.1% in the third quarter, Holdings Channel reports. The firm owned 4,356 shares of the utilities provider’s stock after acquiring an additional 2,100 shares during the period. Taylor Hoffman Wealth Management’s holdings in NextEra Energy were worth $1,015,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. TRUE Private Wealth Advisors purchased a new stake in NextEra Energy in the second quarter worth about $25,000. Krane Funds Advisors LLC purchased a new stake in NextEra Energy in the second quarter worth about $25,000. Manchester Financial Inc. purchased a new stake in NextEra Energy in the second quarter worth about $26,000. Mackey Komara & Dankovich LLC lifted its stake in NextEra Energy by 446.4% in the second quarter. Mackey Komara & Dankovich LLC now owns 765 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 625 shares during the period. Finally, First PREMIER Bank purchased a new stake in NextEra Energy in the third quarter worth about $33,000. 74.53% of the stock is owned by hedge funds and other institutional investors.
In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $231.32, for a total value of $370,112.00. Following the completion of the transaction, the director now directly owns 16,237 shares in the company, valued at $3,755,942.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James L. Robo sold 44,537 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $216.85, for a total transaction of $9,657,848.45. The disclosure for this sale can be found here. Insiders sold 97,576 shares of company stock valued at $21,514,886 over the last quarter. 0.48% of the stock is currently owned by corporate insiders.
NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 22nd. The utilities provider reported $2.39 EPS for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.12. The business had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.14 billion. NextEra Energy had a net margin of 16.92% and a return on equity of 10.59%. The firm’s revenue was up 26.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.18 earnings per share. On average, sell-side analysts forecast that NextEra Energy Inc will post 8.36 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $1.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a yield of 2.25%. NextEra Energy’s dividend payout ratio is presently 64.94%.
NEE has been the subject of a number of research reports. Barclays lowered shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price objective for the company. in a research note on Tuesday, August 13th. Wells Fargo & Co upped their price objective on shares of NextEra Energy from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Guggenheim upped their price objective on shares of NextEra Energy from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Credit Suisse Group upped their price objective on shares of NextEra Energy from $231.00 to $232.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, KeyCorp upped their price objective on shares of NextEra Energy from $231.00 to $242.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. NextEra Energy has a consensus rating of “Buy” and an average target price of $231.67.
NextEra Energy Company Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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