Hartland & Co. LLC grew its position in shares of NextEra Energy Inc (NYSE:NEE) by 12.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,500 shares of the utilities provider’s stock after purchasing an additional 400 shares during the period. Hartland & Co. LLC’s holdings in NextEra Energy were worth $513,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Whalerock Point Partners LLC lifted its stake in NextEra Energy by 0.3% in the second quarter. Whalerock Point Partners LLC now owns 5,598 shares of the utilities provider’s stock worth $784,000 after purchasing an additional 15 shares during the last quarter. First Interstate Bank raised its stake in shares of NextEra Energy by 1.3% during the second quarter. First Interstate Bank now owns 1,259 shares of the utilities provider’s stock valued at $176,000 after acquiring an additional 16 shares in the last quarter. Sfmg LLC raised its stake in shares of NextEra Energy by 0.7% during the second quarter. Sfmg LLC now owns 2,679 shares of the utilities provider’s stock valued at $375,000 after acquiring an additional 19 shares in the last quarter. South Texas Money Management Ltd. raised its stake in shares of NextEra Energy by 0.5% during the second quarter. South Texas Money Management Ltd. now owns 3,604 shares of the utilities provider’s stock valued at $505,000 after acquiring an additional 19 shares in the last quarter. Finally, Savant Capital LLC raised its stake in shares of NextEra Energy by 0.3% during the second quarter. Savant Capital LLC now owns 6,181 shares of the utilities provider’s stock valued at $866,000 after acquiring an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 75.63% of the company’s stock.
Shares of NextEra Energy Inc (NYSE NEE) traded up $0.45 during mid-day trading on Monday, reaching $158.43. 3,493,000 shares of the company traded hands, compared to its average volume of 1,700,666. The stock has a market capitalization of $74,525.16, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 3.16 and a beta of 0.31. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. NextEra Energy Inc has a 12 month low of $117.12 and a 12 month high of $159.40.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were issued a $0.9825 dividend. This represents a $3.93 annualized dividend and a yield of 2.48%. The ex-dividend date was Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is currently 44.16%.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 42,372 shares of NextEra Energy stock in a transaction on 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 directly owns 121,958 shares of the company’s stock, valued at $19,202,287.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles E. Sieving sold 30,485 shares of NextEra Energy stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the completion of the transaction, the executive vice president now directly owns 78,167 shares in the company, valued at $11,456,155.52. The disclosure for this sale can be found here. Insiders sold 104,857 shares of company stock worth $15,984,953 over the last ninety days. Corporate insiders own 0.53% of the company’s stock.
Several analysts have recently weighed in on NEE shares. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. KeyCorp reaffirmed a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a research note on Friday, September 1st. J P Morgan Chase & Co started coverage on shares of NextEra Energy in a research note on Thursday, September 7th. They set an “overweight” rating and a $173.00 price target for the company. Morgan Stanley lifted their price target on shares of NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, September 8th. Finally, Bank of America started coverage on shares of NextEra Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $166.00 price target for the company. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $159.00.
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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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