Banco Santander S.A. boosted its holdings in NextEra Energy Inc (NYSE:NEE) by 201.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,306 shares of the utilities provider’s stock after acquiring an additional 30,301 shares during the quarter. Banco Santander S.A.’s holdings in NextEra Energy were worth $10,902,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in NEE. Carnegie Capital Asset Management LLC increased its stake in shares of NextEra Energy by 9.5% during the 4th quarter. Carnegie Capital Asset Management LLC now owns 40,302 shares of the utilities provider’s stock worth $9,759,000 after purchasing an additional 3,512 shares during the last quarter. Financial Advocates Investment Management increased its stake in shares of NextEra Energy by 4.7% during the 4th quarter. Financial Advocates Investment Management now owns 13,288 shares of the utilities provider’s stock worth $3,217,000 after purchasing an additional 592 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of NextEra Energy during the 4th quarter worth approximately $65,000. NS Partners Ltd increased its stake in shares of NextEra Energy by 1.7% during the 4th quarter. NS Partners Ltd now owns 143,795 shares of the utilities provider’s stock worth $34,821,000 after purchasing an additional 2,392 shares during the last quarter. Finally, Fiduciary Trust Co. increased its stake in shares of NextEra Energy by 2.8% during the 4th quarter. Fiduciary Trust Co. now owns 65,958 shares of the utilities provider’s stock worth $15,972,000 after purchasing an additional 1,782 shares during the last quarter. 77.30% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $220.20, for a total transaction of $352,320.00. Following the completion of the sale, the director now directly owns 14,746 shares of the company’s stock, valued at approximately $3,247,069.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James L. Robo sold 70,968 shares of NextEra Energy stock in a transaction on Friday, May 1st. The stock was sold at an average price of $227.05, for a total transaction of $16,113,284.40. The disclosure for this sale can be found here. Insiders have sold a total of 90,639 shares of company stock valued at $20,863,319 over the last ninety days. 0.40% of the stock is currently owned by insiders.
NYSE:NEE traded up $4.95 during trading hours on Friday, hitting $233.85. The stock had a trading volume of 1,488,731 shares, compared to its average volume of 2,494,978. The company has a 50 day simple moving average of $233.66 and a two-hundred day simple moving average of $242.06. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.71 and a quick ratio of 0.61. NextEra Energy Inc has a one year low of $174.80 and a one year high of $283.35. The firm has a market capitalization of $112.04 billion, a price-to-earnings ratio of 32.39, a P/E/G ratio of 3.27 and a beta of 0.20.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, April 22nd. The utilities provider reported $2.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.26 by $0.12. NextEra Energy had a net margin of 17.77% and a return on equity of 10.38%. The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.88 billion. During the same period last year, the firm earned $2.20 EPS. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. Equities research analysts anticipate that NextEra Energy Inc will post 9.05 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Tuesday, June 2nd will be issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, June 1st. NextEra Energy’s dividend payout ratio is currently 66.91%.
Several brokerages have recently issued reports on NEE. UBS Group decreased their price target on shares of NextEra Energy from $310.00 to $255.00 and set a “buy” rating for the company in a research note on Monday, March 16th. BMO Capital Markets initiated coverage on shares of NextEra Energy in a research note on Wednesday, February 19th. They issued an “outperform” rating and a $290.00 price objective for the company. Credit Suisse Group reduced their price objective on shares of NextEra Energy from $256.00 to $252.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. Morgan Stanley reduced their price objective on shares of NextEra Energy from $246.00 to $237.00 and set an “equal weight” rating for the company in a research note on Friday, May 15th. Finally, Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $282.00 price objective for the company. in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $251.07.
About NextEra Energy
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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