Gitterman Wealth Management LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 4.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,678 shares of the utilities provider’s stock after buying an additional 583 shares during the quarter. NextEra Energy accounts for about 0.5% of Gitterman Wealth Management LLC’s investment portfolio, making the stock its 13th largest holding. Gitterman Wealth Management LLC’s holdings in NextEra Energy were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Sageworth Trust Co grew its holdings in NextEra Energy by 1,794.1% during the 1st quarter. Sageworth Trust Co now owns 322 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 305 shares in the last quarter. Your Advocates Ltd. LLP bought a new position in shares of NextEra Energy during the first quarter worth about $31,000. Magellan Asset Management Ltd acquired a new position in NextEra Energy in the first quarter worth about $32,000. Ahrens Investment Partners LLC bought a new stake in NextEra Energy in the first quarter valued at about $35,000. Finally, Portland Hill Asset Management Ltd acquired a new stake in NextEra Energy during the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 76.48% of the company’s stock.
NextEra Energy Stock Performance
NEE stock opened at $66.81 on Friday. The company has a market capitalization of $135.20 billion, a P/E ratio of 16.54, a PEG ratio of 2.54 and a beta of 0.47. The company has a quick ratio of 0.45, a current ratio of 0.53 and a debt-to-equity ratio of 1.14. The company has a 50-day simple moving average of $70.32 and a 200 day simple moving average of $73.54. NextEra Energy, Inc. has a fifty-two week low of $65.36 and a fifty-two week high of $90.98.
NextEra Energy (NYSE:NEE – Get Free Report) last posted its quarterly earnings data on Tuesday, July 25th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.07. NextEra Energy had a net margin of 30.05% and a return on equity of 12.25%. The business had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same period last year, the firm posted $0.81 earnings per share. Sell-side analysts predict that NextEra Energy, Inc. will post 3.11 earnings per share for the current fiscal year.
NextEra Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, August 30th will be paid a $0.4675 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Tuesday, August 29th. NextEra Energy’s dividend payout ratio is presently 46.29%.
Wall Street Analyst Weigh In
NEE has been the subject of a number of research analyst reports. StockNews.com assumed coverage on NextEra Energy in a report on Thursday, August 17th. They issued a “hold” rating for the company. Morgan Stanley lowered their target price on shares of NextEra Energy from $93.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, August 23rd. The Goldman Sachs Group began coverage on shares of NextEra Energy in a research report on Wednesday, June 7th. They issued a “buy” rating and a $90.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective on shares of NextEra Energy from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, August 30th. Finally, Royal Bank of Canada cut their target price on shares of NextEra Energy from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Wednesday. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.90.
View Our Latest Stock Report on NextEra Energy
Insider Activity
In other NextEra Energy news, EVP Robert Coffey sold 4,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $74.90, for a total value of $299,600.00. Following the sale, the executive vice president now directly owns 11,292 shares in the company, valued at $845,770.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Robert Coffey sold 4,000 shares of NextEra Energy stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $74.90, for a total value of $299,600.00. Following the transaction, the executive vice president now owns 11,292 shares of the company’s stock, valued at approximately $845,770.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kirk S. Hachigian bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average cost of $67.95 per share, with a total value of $679,500.00. Following the completion of the purchase, the director now owns 15,000 shares of the company’s stock, valued at $1,019,250. The disclosure for this purchase can be found here. Insiders bought a total of 27,600 shares of company stock worth $1,960,836 over the last 90 days. 0.38% of the stock is currently owned by company insiders.
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, 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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