First Republic Investment Management Inc. Increases Stake in NextEra Energy Inc (NEE)

First Republic Investment Management Inc. boosted its stake in NextEra Energy Inc (NYSE:NEE) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 208,557 shares of the company’s stock after buying an additional 2,302 shares during the period. First Republic Investment Management Inc.’s holdings in NextEra Energy were worth $24,915,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Silvercrest Asset Management Group LLC raised its stake in NextEra Energy by 2.5% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 20,023 shares of the company’s stock valued at $2,392,000 after buying an additional 490 shares during the period. A.R.T. Advisors LLC bought a new stake in NextEra Energy during the fourth quarter worth about $6,875,000. Zurich Insurance Group Ltd FI raised its stake in NextEra Energy by 62.8% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 80,132 shares of the company’s stock worth $9,573,000 after buying an additional 30,902 shares during the period. Tyers Asset Management LLC bought a new stake in NextEra Energy during the fourth quarter worth about $15,209,000. Finally, Menta Capital LLC bought a new stake in NextEra Energy during the fourth quarter worth about $1,082,000. Institutional investors own 73.69% of the company’s stock.

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

Shares of NextEra Energy Inc (NYSE:NEE) opened at 130.06 on Monday. The stock has a 50 day moving average price of $125.88 and a 200 day moving average price of $122.00. The firm has a market capitalization of $60.81 billion, a PE ratio of 20.81 and a beta of 0.23. NextEra Energy Inc has a 52 week low of $110.49 and a 52 week high of $131.98.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 27th. The company reported $1.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by $0.10. NextEra Energy had a return on equity of 11.74% and a net margin of 17.92%. The business had revenue of $3.70 billion for the quarter. During the same quarter last year, the business posted $1.17 EPS. The firm’s revenue was down 9.1% compared to the same quarter last year. Equities analysts forecast that NextEra Energy Inc will post $6.63 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th will be issued a $0.9825 dividend. The ex-dividend date is Friday, February 24th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.87. This represents a $3.93 dividend on an annualized basis and a yield of 3.02%. NextEra Energy’s dividend payout ratio is 56.04%.

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A number of research firms have recently issued reports on NEE. Royal Bank of Canada restated a “buy” rating and issued a $143.00 price target on shares of NextEra Energy in a research report on Tuesday, February 7th. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research report on Thursday, December 8th. Barclays PLC restated a “buy” rating and issued a $139.00 price target on shares of NextEra Energy in a research report on Sunday, February 19th. Finally, Deutsche Bank AG upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research report on Monday, January 30th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $134.00.

In other NextEra Energy news, Director William H. Swanson acquired 3,860 shares of NextEra Energy stock in a transaction dated Friday, February 24th. The stock was bought at an average cost of $128.86 per share, with a total value of $497,399.60. Following the acquisition, the director now owns 25,180 shares of the company’s stock, valued at $3,244,694.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $122.60, for a total transaction of $3,678,000.00. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.

5 Day Chart for NYSE:NEE

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