Santa Barbara Asset Management LLC lowered its position in NextEra Energy Inc (NYSE:NEE) by 2.1% during the fourth quarter, Holdings Channel reports. The fund owned 1,265,317 shares of the company’s stock after selling 27,241 shares during the period. NextEra Energy accounts for 2.7% of Santa Barbara Asset Management LLC’s investment portfolio, making the stock its 10th largest position. Santa Barbara Asset Management LLC’s holdings in NextEra Energy were worth $151,155,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of NEE. Garde Capital Inc. bought a new stake in shares of NextEra Energy during the third quarter worth approximately $576,000. Osborn Rohs Williams & Donohoe Ltd raised its stake in shares of NextEra Energy by 13.5% in the third quarter. Osborn Rohs Williams & Donohoe Ltd now owns 15,115 shares of the company’s stock worth $1,849,000 after buying an additional 1,800 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of NextEra Energy by 15.6% in the third quarter. Nisa Investment Advisors LLC now owns 77,010 shares of the company’s stock worth $9,420,000 after buying an additional 10,399 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of NextEra Energy by 8.6% in the third quarter. Capstone Asset Management Co. now owns 73,040 shares of the company’s stock worth $8,934,000 after buying an additional 5,796 shares during the last quarter. Finally, Atria Investments LLC raised its stake in shares of NextEra Energy by 169.1% in the third quarter. Atria Investments LLC now owns 6,880 shares of the company’s stock worth $842,000 after buying an additional 4,323 shares during the last quarter. Institutional investors and hedge funds own 73.69% of the company’s stock.
Shares of NextEra Energy Inc (NYSE:NEE) opened at 130.23 on Monday. NextEra Energy Inc has a 52 week low of $110.49 and a 52 week high of $132.62. The firm has a market capitalization of $60.89 billion, a price-to-earnings ratio of 20.84 and a beta of 0.23. The firm has a 50-day moving average of $127.55 and a 200 day moving average of $122.26.
NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 27th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by $0.10. The company had revenue of $3.70 billion for the quarter. NextEra Energy had a return on equity of 11.74% and a net margin of 17.92%. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 earnings per share. On average, equities analysts predict that NextEra Energy Inc will post $6.63 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th were issued a dividend of $0.9825 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.87. The ex-dividend date was Friday, February 24th. This represents a $3.93 annualized dividend and a yield of 3.02%. NextEra Energy’s dividend payout ratio is presently 56.04%.
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A number of equities research analysts recently commented on the stock. Royal Bank of Canada restated a “buy” rating and set a $143.00 price objective on shares of NextEra Energy in a report on Tuesday, March 14th. Mizuho raised their price objective on shares of NextEra Energy to $141.00 in a report on Monday. Barclays PLC restated a “buy” rating and set a $139.00 price objective on shares of NextEra Energy in a report on Sunday, February 19th. Deutsche Bank AG upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Monday, January 30th. Finally, Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a report on Thursday, December 8th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $134.27.
In other news, Director William H. Swanson bought 3,860 shares of the stock in a transaction dated Friday, February 24th. The stock was bought at an average price of $128.86 per share, for a total transaction of $497,399.60. Following the completion of the acquisition, the director now directly owns 25,180 shares in the company, valued at approximately $3,244,694.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Manoochehr K. Nazar sold 23,674 shares of the stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $130.86, for a total transaction of $3,097,979.64. Following the completion of the sale, the insider now owns 114,721 shares of the company’s stock, valued at approximately $15,012,390.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,132 shares of company stock worth $7,360,958. Corporate insiders own 0.66% of the company’s stock.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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