CT Financial Advisors LLC Cuts Position in NextEra Energy Inc. (NEE)
CT Financial Advisors LLC lowered its position in shares of NextEra Energy Inc. (NYSE:NEE) by 3.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 18,409 shares of the company’s stock after selling 573 shares during the period. NextEra Energy comprises 1.4% of CT Financial Advisors LLC’s investment portfolio, making the stock its 19th largest position. CT Financial Advisors LLC’s holdings in NextEra Energy were worth $2,252,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Global X Management Co. LLC boosted its position in shares of NextEra Energy by 242.3% in the second quarter. Global X Management Co. LLC now owns 818 shares of the company’s stock worth $107,000 after buying an additional 579 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its position in shares of NextEra Energy by 378.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 948 shares of the company’s stock worth $124,000 after buying an additional 750 shares during the last quarter. Blue Chip Partners Inc. purchased a new position in shares of NextEra Energy during the second quarter worth about $140,000. Jackson Grant Investment Advisers Inc. boosted its position in shares of NextEra Energy by 7.0% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,080 shares of the company’s stock worth $141,000 after buying an additional 71 shares during the last quarter. Finally, Cribstone Capital Management LLC purchased a new position in shares of NextEra Energy during the second quarter worth about $149,000. Hedge funds and other institutional investors own 72.53% of the company’s stock.
NextEra Energy Inc. (NYSE:NEE) traded up 1.34% during midday trading on Monday, reaching $116.30. 4,640,286 shares of the company traded hands. The stock has a market capitalization of $54.34 billion, a P/E ratio of 21.98 and a beta of 0.26. The firm has a 50-day moving average of $120.86 and a 200-day moving average of $123.62. NextEra Energy Inc. has a 1-year low of $96.19 and a 1-year high of $131.98.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Monday, October 31st. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.07. The business earned $4.81 billion during the quarter, compared to the consensus estimate of $4.87 billion. NextEra Energy had a return on equity of 11.90% and a net margin of 14.74%. During the same quarter last year, the company earned $1.60 earnings per share. On average, analysts predict that NextEra Energy Inc. will post $6.21 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 25th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.99%. The ex-dividend date is Tuesday, November 22nd. NextEra Energy’s dividend payout ratio is presently 66.29%.
Several equities analysts have issued reports on NEE shares. Deutsche Bank AG cut shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 target price on the stock. in a research note on Friday, September 23rd. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research note on Tuesday, November 22nd. Bank of America Corp. restated a “buy” rating and set a $149.00 target price on shares of NextEra Energy in a research note on Tuesday, September 27th. Mizuho restated a “buy” rating and set a $138.00 target price on shares of NextEra Energy in a research note on Friday, October 7th. Finally, Morgan Stanley restated a “buy” rating on shares of NextEra Energy in a research note on Monday, August 1st. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. NextEra Energy currently has an average rating of “Buy” and a consensus price target of $129.08.
In other NextEra Energy news, Director Amy B. Lane purchased 1,000 shares of the stock in a transaction on Wednesday, November 2nd. The stock was acquired at an average price of $122.90 per share, with a total value of $122,900.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Armando Pimentel, Jr. sold 5,022 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $123.70, for a total value of $621,221.40. Following the completion of the sale, the chief executive officer now directly owns 72,165 shares of the company’s stock, valued at approximately $8,926,810.50. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.
About NextEra Energy
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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