NextEra Energy Inc (NEE) Shares Sold by Dearborn Partners LLC
Dearborn Partners LLC decreased its position in NextEra Energy Inc (NYSE:NEE) by 6.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,334 shares of the utilities provider’s stock after selling 6,253 shares during the quarter. Dearborn Partners LLC’s holdings in NextEra Energy were worth $14,411,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Hanson McClain Inc. raised its position in shares of NextEra Energy by 6.0% during the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 43 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of NextEra Energy by 8.9% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 71 shares during the period. Risk Paradigm Group LLC raised its position in shares of NextEra Energy by 108.1% during the third quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 442 shares during the period. Archford Capital Strategies LLC raised its position in shares of NextEra Energy by 76.9% during the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after purchasing an additional 4,347 shares during the period. Finally, Highstreet Asset Management Inc. acquired a new stake in shares of NextEra Energy during the second quarter worth $134,000. Institutional investors and hedge funds own 75.53% of the company’s stock.
NextEra Energy Inc (NYSE:NEE) opened at $153.64 on Thursday. The firm has a market capitalization of $72,488.27, a price-to-earnings ratio of 23.10, a P/E/G ratio of 3.07 and a beta of 0.31. NextEra Energy Inc has a 52-week low of $117.33 and a 52-week high of $159.40. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were given a $0.9825 dividend. This represents a $3.93 annualized dividend and a yield of 2.56%. The ex-dividend date was Wednesday, November 22nd. NextEra Energy’s payout ratio is currently 44.16%.
In other NextEra Energy news, EVP Charles E. Sieving sold 30,485 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $11,456,155.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 value of $6,671,471.40. Following the completion of the transaction, the chief executive officer now directly owns 121,958 shares in the company, valued at $19,202,287.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,857 shares of company stock worth $15,984,953. Insiders own 0.53% of the company’s stock.
NEE has been the topic of a number of recent analyst reports. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Bank of America initiated coverage on NextEra Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $166.00 target price on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $156.00 target price on shares of NextEra Energy in a research report on Tuesday, November 7th. KeyCorp reaffirmed a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a research report on Friday, September 1st. Finally, Credit Suisse Group initiated coverage on NextEra Energy in a research report on Thursday, December 7th. They set an “outperform” rating and a $173.00 target price on the stock. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $159.00.
About NextEra Energy
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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