NextEra Energy Inc (NEE) Stake Boosted by Cambridge Investment Research Advisors Inc.
Cambridge Investment Research Advisors Inc. grew its holdings in NextEra Energy Inc (NYSE:NEE) by 8.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,130 shares of the utilities provider’s stock after purchasing an additional 3,271 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in NextEra Energy were worth $6,028,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Hanson McClain Inc. lifted its stake in shares of NextEra Energy by 6.0% in the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 43 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in shares of NextEra Energy by 8.9% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 71 shares during the last quarter. Highstreet Asset Management Inc. acquired a new position in shares of NextEra Energy in the 2nd quarter valued at $134,000. Atlantic Trust LLC acquired a new position in shares of NextEra Energy in the 2nd quarter valued at $154,000. Finally, Pacific Center for Financial Services lifted its stake in shares of NextEra Energy by 50.1% in the 2nd quarter. Pacific Center for Financial Services now owns 1,139 shares of the utilities provider’s stock valued at $160,000 after purchasing an additional 380 shares during the last quarter. 75.63% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy Inc (NEE) traded up $0.85 on Monday, reaching $159.03. The company had a trading volume of 1,311,900 shares, compared to its average volume of 1,682,028. 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 Inc has a 1 year low of $114.85 and a 1 year high of $159.28. The firm has a market cap of $74,807.33, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 3.17 and a beta of 0.31.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.9825 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 annualized dividend and a yield of 2.47%. NextEra Energy’s dividend payout ratio (DPR) is 44.16%.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 42,372 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the sale, the chief executive officer now owns 121,958 shares in the company, valued at approximately $19,202,287.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,757 shares of company stock worth $16,419,953. 0.53% of the stock is owned by company insiders.
Several equities analysts have recently commented on the company. Credit Suisse Group assumed coverage on NextEra Energy in a research note on Thursday. They issued an “outperform” rating and a $173.00 price target on the stock. Argus reaffirmed a “buy” rating and issued a $173.00 price target on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Royal Bank Of Canada reissued a “buy” rating and set a $156.00 target price on shares of NextEra Energy in a research note on Tuesday, November 7th. Bank of America initiated coverage on NextEra Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $166.00 target price on the stock. Finally, Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. NextEra Energy currently has an average rating of “Buy” and an average price target of $157.73.
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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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