Vise Technologies Inc. cut its position in shares of NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 6.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,381 shares of the utilities provider’s stock after selling 168 shares during the quarter. Vise Technologies Inc.’s holdings in NextEra Energy were worth $202,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in NEE. Contravisory Investment Management Inc. lifted its stake in NextEra Energy by 295.5% during the first quarter. Contravisory Investment Management Inc. now owns 348 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 260 shares during the last quarter. Evolution Advisers Inc. bought a new position in NextEra Energy during the first quarter worth $33,000. Comprehensive Financial Consultants Institutional Inc. bought a new position in NextEra Energy during the fourth quarter worth $34,000. PYA Waltman Capital LLC bought a new position in NextEra Energy during the first quarter worth $36,000. Finally, Guardian Wealth Management Inc. bought a new position in NextEra Energy during the fourth quarter worth $43,000. 76.89% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Guggenheim raised their target price on NextEra Energy from $91.00 to $108.00 and gave the company a “buy” rating in a research note on Monday, September 12th. TheStreet upgraded NextEra Energy from a “c+” rating to a “b” rating in a research note on Friday, July 22nd. Morgan Stanley upgraded NextEra Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $94.00 to $99.00 in a research note on Tuesday, September 6th. UBS Group cut their target price on NextEra Energy to $109.00 in a research note on Tuesday, September 6th. Finally, Credit Suisse Group raised their target price on NextEra Energy from $79.00 to $98.00 in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $97.40.
Insider Buying and Selling
NextEra Energy Price Performance
Shares of NYSE NEE opened at $84.79 on Friday. NextEra Energy, Inc. has a fifty-two week low of $67.22 and a fifty-two week high of $93.73. The firm’s 50-day simple moving average is $85.69 and its 200 day simple moving average is $80.56. The company has a quick ratio of 0.47, a current ratio of 0.53 and a debt-to-equity ratio of 1.20. The stock has a market cap of $166.59 billion, a P/E ratio of 64.73, a P/E/G ratio of 3.19 and a beta of 0.46.
NextEra Energy (NYSE:NEE – Get Rating) last released its earnings results on Friday, July 22nd. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. The firm had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.26 billion. NextEra Energy had a return on equity of 11.97% and a net margin of 14.75%. NextEra Energy’s revenue was up 32.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. Equities analysts expect that NextEra Energy, Inc. will post 2.89 EPS for the current year.
NextEra Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, August 30th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Monday, August 29th. NextEra Energy’s payout ratio is currently 129.77%.
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, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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