Honkamp Krueger Financial Services Inc. Boosts Holdings in NextEra Energy, Inc. (NEE)
Honkamp Krueger Financial Services Inc. lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 9.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,711 shares of the utilities provider’s stock after buying an additional 1,473 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in NextEra Energy were worth $2,449,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of NEE. BlackRock Inc. boosted its position in shares of NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after buying an additional 36,747,599 shares during the period. Janus Henderson Group PLC boosted its position in shares of NextEra Energy by 2,832.8% in the second quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock worth $252,287,000 after buying an additional 1,738,989 shares during the period. Vanguard Group Inc. boosted its position in shares of NextEra Energy by 4.6% in the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock worth $4,785,120,000 after buying an additional 1,503,907 shares during the period. Principal Financial Group Inc. boosted its position in shares of NextEra Energy by 122.5% in the second quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock worth $207,281,000 after buying an additional 814,478 shares during the period. Finally, BT Investment Management Ltd purchased a new stake in shares of NextEra Energy in the second quarter worth about $96,214,000. 74.55% of the stock is owned by institutional investors.
Shares of NextEra Energy, Inc. (NEE) opened at $155.18 on Thursday. NextEra Energy, Inc. has a one year low of $112.63 and a one year high of $159.28. The stock has a market capitalization of $73,480.81, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 3.11 and a beta of 0.31. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The firm had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the prior year, the firm posted $1.74 earnings per share. NextEra Energy’s revenue for the quarter was up .1% compared to the same quarter last year. equities research analysts expect that NextEra Energy, Inc. will post 6.73 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a yield of 2.53%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s payout ratio is currently 44.16%.
NEE has been the subject of several analyst reports. KeyCorp reaffirmed a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a research report on Friday, September 1st. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Morgan Stanley upped their target price on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, September 8th. Bank of America Corporation began coverage on NextEra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price target on the stock. Finally, J P Morgan Chase & Co began coverage on NextEra Energy in a research note on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $155.38.
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In other NextEra Energy news, EVP Joseph T. Kelliher sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $150.00, for a total transaction of $300,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John W. Ketchum sold 2,900 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $150.00, for a total value of $435,000.00. Following the sale, the executive vice president now owns 18,786 shares in the company, valued at approximately $2,817,900. The disclosure for this sale can be found here. Insiders have sold 65,385 shares of company stock worth $9,748,482 in the last 90 days. 0.53% of the stock is currently owned by insiders.
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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