Meridian Wealth Management LLC lifted its stake in shares of NextEra Energy Inc (NYSE:NEE) by 125.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,005 shares of the utilities provider’s stock after purchasing an additional 4,462 shares during the quarter. NextEra Energy comprises about 0.8% of Meridian Wealth Management LLC’s investment portfolio, making the stock its 24th largest position. Meridian Wealth Management LLC’s holdings in NextEra Energy were worth $1,391,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in NextEra Energy by 12.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,180,979 shares of the utilities provider’s stock worth $698,348,000 after buying an additional 455,401 shares during the period. TIAA FSB raised its stake in NextEra Energy by 2.7% during the 3rd quarter. TIAA FSB now owns 37,911 shares of the utilities provider’s stock worth $6,353,000 after buying an additional 985 shares during the period. American Financial Network Advisory Services LLC raised its stake in NextEra Energy by 9,846.2% during the 3rd quarter. American Financial Network Advisory Services LLC now owns 1,293 shares of the utilities provider’s stock worth $217,000 after buying an additional 1,280 shares during the period. Cullinan Associates Inc. raised its stake in NextEra Energy by 25.2% during the 3rd quarter. Cullinan Associates Inc. now owns 25,785 shares of the utilities provider’s stock worth $4,322,000 after buying an additional 5,185 shares during the period. Finally, GSB Wealth Management LLC acquired a new position in NextEra Energy during the 3rd quarter worth approximately $264,000. 77.71% of the stock is currently owned by institutional investors and hedge funds.
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A number of research analysts recently weighed in on NEE shares. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. Morgan Stanley boosted their price objective on NextEra Energy from $184.00 to $188.00 and gave the stock an “overweight” rating in a report on Tuesday, February 12th. Guggenheim reissued a “buy” rating and set a $205.00 price objective on shares of NextEra Energy in a report on Monday, January 7th. Royal Bank of Canada boosted their price objective on NextEra Energy to $186.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Finally, Credit Suisse Group decreased their price objective on NextEra Energy from $185.00 to $173.00 and set an “outperform” rating for the company in a report on Wednesday, October 24th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $178.75.
Shares of NEE opened at $184.04 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.36 and a quick ratio of 0.29. The company has a market cap of $87.96 billion, a price-to-earnings ratio of 23.90, a P/E/G ratio of 2.81 and a beta of 0.26. NextEra Energy Inc has a 52 week low of $151.32 and a 52 week high of $185.11.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 25th. The utilities provider reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). The company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.84 billion. NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 earnings per share. Analysts expect that NextEra Energy Inc will post 8.39 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be issued a dividend of $1.25 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $1.11. This represents a $5.00 dividend on an annualized basis and a yield of 2.72%. NextEra Energy’s payout ratio is currently 57.66%.
In other news, EVP Charles E. Sieving sold 19,731 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $180.10, for a total value of $3,553,553.10. Following the completion of the transaction, the executive vice president now directly owns 68,245 shares of the company’s stock, valued at $12,290,924.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 35,347 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $180.81, for a total value of $6,391,091.07. Following the completion of the transaction, the chief executive officer now directly owns 94,596 shares of the company’s stock, valued at $17,103,902.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,678 shares of company stock valued at $13,469,072. 0.55% of the stock is currently owned by corporate insiders.
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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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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