Westside Investment Management Inc. bought a new stake in NextEra Energy Inc (NYSE:NEE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 259 shares of the utilities provider’s stock, valued at approximately $53,000.
Several other institutional investors have also recently bought and sold shares of NEE. Manchester Financial Inc. acquired a new position in shares of NextEra Energy during the second quarter worth $26,000. Mackey Komara & Dankovich LLC increased its holdings in shares of NextEra Energy by 446.4% during the second quarter. Mackey Komara & Dankovich LLC now owns 765 shares of the utilities provider’s stock worth $29,000 after buying an additional 625 shares in the last quarter. Ellis Investment Partners LLC acquired a new position in shares of NextEra Energy during the first quarter worth $32,000. Legacy Advisors LLC increased its holdings in shares of NextEra Energy by 1,000.0% during the second quarter. Legacy Advisors LLC now owns 165 shares of the utilities provider’s stock worth $34,000 after buying an additional 150 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC acquired a new stake in NextEra Energy in the first quarter valued at $39,000. 75.86% of the stock is currently owned by institutional investors.
Shares of NextEra Energy stock traded up $1.21 during mid-day trading on Wednesday, hitting $212.61. 367,158 shares of the stock were exchanged, compared to its average volume of 1,554,215. NextEra Energy Inc has a 12 month low of $164.25 and a 12 month high of $213.23. The firm’s 50-day moving average is $208.23. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $101.89 billion, a P/E ratio of 27.61, a P/E/G ratio of 3.16 and a beta of 0.22.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 29th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $5.00 annualized dividend and a dividend yield of 2.35%. NextEra Energy’s dividend payout ratio is currently 64.94%.
In other news, EVP Deborah H. Caplan sold 2,976 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $194.44, for a total transaction of $578,653.44. Following the completion of the sale, the executive vice president now owns 24,477 shares in the company, valued at approximately $4,759,307.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Joseph T. Kelliher sold 5,741 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $207.26, for a total transaction of $1,189,879.66. Following the sale, the executive vice president now owns 37,235 shares of the company’s stock, valued at approximately $7,717,326.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,300 shares of company stock worth $20,217,711. Insiders own 0.48% of the company’s stock.
NEE has been the subject of a number of recent research reports. Wells Fargo & Co increased their price objective on NextEra Energy from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Guggenheim increased their price objective on NextEra Energy from $205.00 to $223.00 and gave the company a “buy” rating in a report on Monday, June 24th. Credit Suisse Group increased their price objective on NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Finally, Morgan Stanley increased their price objective on NextEra Energy from $207.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, June 21st. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $210.50.
NextEra Energy Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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