John G Ullman & Associates Inc. reduced its position in shares of NextEra Energy Inc (NYSE:NEE) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,693 shares of the utilities provider’s stock after selling 350 shares during the period. John G Ullman & Associates Inc. owned 9,075.89% of NextEra Energy worth $6,257,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Hartland & Co. LLC grew its position in shares of NextEra Energy by 22.1% in the first quarter. Hartland & Co. LLC now owns 2,900 shares of the utilities provider’s stock valued at $372,000 after purchasing an additional 525 shares in the last quarter. Simmons Bank purchased a new stake in shares of NextEra Energy in the first quarter valued at approximately $1,857,000. Birch Hill Investment Advisors LLC grew its position in shares of NextEra Energy by 2.1% in the first quarter. Birch Hill Investment Advisors LLC now owns 14,618 shares of the utilities provider’s stock valued at $1,877,000 after purchasing an additional 300 shares in the last quarter. Mirador Capital Partners LP purchased a new stake in shares of NextEra Energy in the first quarter valued at approximately $359,000. Finally, Cornerstone Wealth Management LLC purchased a new stake in shares of NextEra Energy in the first quarter valued at approximately $268,000. Institutional investors own 75.63% of the company’s stock.
NextEra Energy Inc (NYSE NEE) traded down $0.33 on Wednesday, reaching $155.64. The company had a trading volume of 1,702,500 shares, compared to its average volume of 1,683,303. NextEra Energy Inc has a 12-month low of $114.47 and a 12-month high of $159.28. The firm has a market capitalization of $73,367.91, a PE ratio of 23.38, a PEG ratio of 3.11 and a beta of 0.31. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is presently 44.16%.
In other NextEra Energy news, EVP Charles E. Sieving sold 30,485 shares of the company’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the transaction, the executive vice president now directly owns 78,167 shares in the company, valued at $11,456,155.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction on 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. Insiders sold 65,385 shares of company stock worth $9,748,482 over the last quarter. 0.53% of the stock is currently owned by insiders.
A number of research firms have recently issued reports on NEE. Argus upped their price target on NextEra Energy to $173.00 and gave the company a “buy” rating in a research report on Tuesday. They noted that the move was a valuation call. Morgan Stanley upped their price target on NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. J P Morgan Chase & Co began coverage on NextEra Energy in a research report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price target for the company. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a research report on Tuesday, October 10th. Finally, KeyCorp reiterated a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a report on Thursday, October 12th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. NextEra Energy has an average rating of “Buy” and a consensus price target of $156.64.
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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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