Prime Capital Investment Advisors LLC Increases Stake in NextEra Energy, Inc. $NEE
by Scott Moore · The Cerbat GemPrime Capital Investment Advisors LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 10.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 82,730 shares of the utilities provider’s stock after buying an additional 8,018 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in NextEra Energy were worth $6,642,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. BIP Wealth LLC boosted its stake in shares of NextEra Energy by 112.2% in the 4th quarter. BIP Wealth LLC now owns 13,244 shares of the utilities provider’s stock valued at $1,063,000 after buying an additional 7,004 shares during the period. Master S Wealth Management Inc. boosted its stake in shares of NextEra Energy by 23.6% in the 4th quarter. Master S Wealth Management Inc. now owns 5,468 shares of the utilities provider’s stock valued at $439,000 after buying an additional 1,045 shares during the period. C2C Wealth Management LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at about $276,000. Cane Capital Partners LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at about $222,000. Finally, Pacific Point Advisors LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at about $1,143,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.
Analyst Upgrades and Downgrades
NEE has been the subject of several recent research reports. Argus set a $92.00 price objective on NextEra Energy and gave the company a “buy” rating in a research note on Wednesday, January 28th. Jefferies Financial Group lifted their price objective on NextEra Energy from $87.00 to $92.00 and gave the company a “hold” rating in a research note on Tuesday, March 31st. Erste Group Bank upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Mizuho set a $90.00 price objective on NextEra Energy and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Finally, Barclays boosted their target price on NextEra Energy from $85.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $94.94.
View Our Latest Report on NextEra Energy
NextEra Energy Price Performance
Shares of NYSE NEE opened at $94.57 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. NextEra Energy, Inc. has a twelve month low of $63.64 and a twelve month high of $96.21. The stock has a 50 day moving average of $91.88 and a two-hundred day moving average of $85.57. The stock has a market cap of $197.21 billion, a P/E ratio of 28.74 and a beta of 0.74.
NextEra Energy (NYSE:NEE – Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter in the previous year, the business earned $0.53 earnings per share. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.
NextEra Energy Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a $0.6232 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, February 27th. NextEra Energy’s dividend payout ratio (DPR) is presently 75.68%.
Insider Buying and Selling
In other NextEra Energy news, EVP Charles E. Sieving sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $2,700,000.00. Following the completion of the sale, the executive vice president owned 167,481 shares in the company, valued at approximately $15,073,290. The trade was a 15.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $90.27, for a total value of $1,775,791.44. Following the completion of the sale, the executive vice president owned 73,857 shares of the company’s stock, valued at approximately $6,667,071.39. This represents a 21.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 190,816 shares of company stock valued at $17,075,619 in the last 90 days. Company insiders own 0.20% of the company’s stock.
NextEra Energy Company Profile
NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.
NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.
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