Tuttle Tactical Management LLC Buys 3,674 Shares of NextEra Energy, Inc. (NEE)
Tuttle Tactical Management LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 121.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,688 shares of the utilities provider’s stock after purchasing an additional 3,674 shares during the period. NextEra Energy makes up approximately 0.9% of Tuttle Tactical Management LLC’s portfolio, making the stock its 21st biggest holding. Tuttle Tactical Management LLC’s holdings in NextEra Energy were worth $1,104,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new position in shares of NextEra Energy in the second quarter valued at approximately $1,289,000. Salem Investment Counselors Inc. increased its holdings in shares of NextEra Energy by 12.7% in the first quarter. Salem Investment Counselors Inc. now owns 9,001 shares of the utilities provider’s stock valued at $1,154,000 after purchasing an additional 1,012 shares during the period. NGAM Advisors L.P. increased its holdings in shares of NextEra Energy by 8.9% in the second quarter. NGAM Advisors L.P. now owns 63,026 shares of the utilities provider’s stock valued at $8,832,000 after purchasing an additional 5,175 shares during the period. Capital One National Association increased its holdings in shares of NextEra Energy by 30.9% in the second quarter. Capital One National Association now owns 21,617 shares of the utilities provider’s stock valued at $3,030,000 after purchasing an additional 5,099 shares during the period. Finally, M. Kraus & Co increased its holdings in shares of NextEra Energy by 4.7% in the second quarter. M. Kraus & Co now owns 35,026 shares of the utilities provider’s stock valued at $4,908,000 after purchasing an additional 1,568 shares during the period. 75.37% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Charles E. Sieving sold 30,485 shares of NextEra Energy stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total value of $4,467,881.60. Following the transaction, the executive vice president now directly owns 78,167 shares in the company, valued at approximately $11,456,155.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total value of $4,411,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,385 shares of company stock worth $9,614,382. 0.53% of the stock is owned by insiders.
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NextEra Energy, Inc. (NYSE NEE) opened at 152.54 on Thursday. The firm has a market cap of $71.58 billion, a price-to-earnings ratio of 17.47 and a beta of 0.31. The company’s 50-day moving average price is $148.82 and its 200-day moving average price is $142.35. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $152.78.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the firm earned $1.67 EPS. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, analysts anticipate that NextEra Energy, Inc. will post $6.76 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.
A number of research analysts have recently issued reports on NEE shares. KeyCorp reissued a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a report on Friday, September 1st. Morgan Stanley boosted their target price on NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, September 8th. BMO Capital Markets reissued a “buy” rating and issued a $156.00 target price (up previously from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. BidaskClub lowered NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $153.75.
NextEra Energy Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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