J. L. Bainbridge & Co. Inc. lessened its stake in shares of NextEra Energy Inc (NYSE:NEE) by 0.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,800 shares of the utilities provider’s stock after selling 62 shares during the period. NextEra Energy comprises approximately 0.5% of J. L. Bainbridge & Co. Inc.’s investment portfolio, making the stock its 21st biggest holding. J. L. Bainbridge & Co. Inc.’s holdings in NextEra Energy were worth $3,094,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its stake in NextEra Energy by 17,067.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock worth $51,000 after buying an additional 8,771,018 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in NextEra Energy by 16,992.0% in the third quarter. Rehmann Capital Advisory Group now owns 1,864,569 shares of the utilities provider’s stock worth $11,125,000 after buying an additional 1,853,660 shares in the last quarter. BlackRock Inc. raised its stake in NextEra Energy by 2.4% in the fourth quarter. BlackRock Inc. now owns 37,651,697 shares of the utilities provider’s stock worth $6,544,616,000 after buying an additional 886,301 shares in the last quarter. Capital International Investors bought a new position in NextEra Energy in the third quarter worth approximately $142,633,000. Finally, Vanguard Group Inc raised its stake in NextEra Energy by 2.0% in the third quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock worth $6,907,634,000 after buying an additional 815,916 shares in the last quarter. 75.98% of the stock is owned by hedge funds and other institutional investors.
NEE has been the subject of a number of recent research reports. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $204.00 price objective for the company in a research note on Monday, December 17th. Guggenheim reissued a “buy” rating and issued a $205.00 price objective on shares of NextEra Energy in a research note on Monday, January 7th. Barclays boosted their price objective on shares of NextEra Energy from $182.00 to $187.00 and gave the stock a “hold” rating in a research note on Monday, November 19th. Credit Suisse Group boosted their price objective on shares of NextEra Energy from $186.00 to $193.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 12th. Finally, Morgan Stanley boosted their price objective on shares of NextEra Energy from $184.00 to $188.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 12th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $180.50.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 25th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). The business had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.84 billion. NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 earnings per share. On average, analysts predict that NextEra Energy Inc will post 8.4 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 28th will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, February 27th. This is an increase from NextEra Energy’s previous quarterly dividend of $1.11. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.62%. NextEra Energy’s dividend payout ratio is presently 64.94%.
In other news, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $170.23, for a total transaction of $272,368.00. Following the sale, the director now directly owns 20,100 shares of the company’s stock, valued at $3,421,623. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Miguel Arechabala sold 5,448 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $188.61, for a total transaction of $1,027,547.28. Following the sale, the executive vice president now directly owns 6,348 shares in the company, valued at $1,197,296.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,909 shares of company stock worth $11,666,919. Insiders own 0.55% of the company’s stock.
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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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