Horan Securities Inc. lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 375.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 589 shares of the utilities provider’s stock after acquiring an additional 465 shares during the quarter. Horan Securities Inc.’s holdings in NextEra Energy were worth $45,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Northwest Investment Counselors LLC purchased a new position in shares of NextEra Energy during the third quarter worth approximately $27,000. Baron Financial Group LLC purchased a new position in shares of NextEra Energy during the third quarter worth approximately $41,000. Stuart Chaussee & Associates Inc. purchased a new position in shares of NextEra Energy during the third quarter worth approximately $56,000. James Investment Research Inc. increased its position in shares of NextEra Energy by 656.7% during the third quarter. James Investment Research Inc. now owns 227 shares of the utilities provider’s stock worth $63,000 after acquiring an additional 197 shares during the period. Finally, Essex Investment Management Co. LLC purchased a new position in shares of NextEra Energy during the third quarter worth approximately $73,000. 19.20% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO John W. Ketchum sold 4,000 shares of NextEra Energy stock in a transaction on Tuesday, December 22nd. The shares were sold at an average price of $74.44, for a total transaction of $297,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.40% of the company’s stock.
Shares of NEE opened at $83.13 on Friday. The company has a market cap of $162.86 billion, a price-to-earnings ratio of 41.88, a price-to-earnings-growth ratio of 4.07 and a beta of 0.16. NextEra Energy, Inc. has a twelve month low of $43.70 and a twelve month high of $87.69. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 1.02. The company has a 50 day moving average of $80.78 and a two-hundred day moving average of $75.87.
NextEra Energy (NYSE:NEE) last announced its earnings results on Monday, January 25th. The utilities provider reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.02. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $5.71 billion. NextEra Energy had a net margin of 21.44% and a return on equity of 10.79%. NextEra Energy’s revenue was down 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.36 earnings per share. On average, sell-side analysts expect that NextEra Energy, Inc. will post 2.3 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 15th. Stockholders of record on Friday, February 26th will be paid a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 1.85%. NextEra Energy’s payout ratio is currently 66.99%.
A number of equities analysts have recently commented on the stock. Mizuho raised their target price on shares of NextEra Energy from $64.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 11th. Piper Sandler started coverage on shares of NextEra Energy in a report on Thursday, November 19th. They set an “overweight” rating and a $81.00 price objective on the stock. Credit Suisse Group lifted their price objective on shares of NextEra Energy from $77.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday, January 27th. Bank of America reissued a “buy” rating and set a $81.00 price objective on shares of NextEra Energy in a report on Friday, January 15th. Finally, Wells Fargo & Company lifted their price objective on shares of NextEra Energy from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, January 27th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $76.82.
NextEra Energy Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, and distributes electric power in North America. The company generates electricity through wind, solar, nuclear, coal, oil, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, natural gas pipelines, and battery storage projects; and owns, develops, constructs, manages, and operates electric generation facilities in wholesale energy markets.
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