American International Group Inc. increased its position in shares of NextEra Energy Inc (NYSE:NEE) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 148,592 shares of the utilities provider’s stock after acquiring an additional 9,009 shares during the period. American International Group Inc.’s holdings in NextEra Energy were worth $23,209,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Taylor Hoffman Wealth Management acquired a new stake in NextEra Energy during the 4th quarter worth about $106,000. D Orazio & Associates Inc. acquired a new stake in NextEra Energy during the 4th quarter worth about $113,000. Risk Paradigm Group LLC boosted its position in NextEra Energy by 108.1% during the 3rd quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 442 shares during the period. Archford Capital Strategies LLC boosted its position in NextEra Energy by 76.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after acquiring an additional 4,347 shares during the period. Finally, Cerebellum GP LLC acquired a new stake in NextEra Energy during the 4th quarter worth about $128,000. 76.50% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NextEra Energy Inc (NEE) traded up $3.34 during midday trading on Wednesday, reaching $158.01. The company’s stock had a trading volume of 3,063,527 shares, compared to its average volume of 2,230,000. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 1.07. The company has a market cap of $74,390.00, a P/E ratio of 21.59, a P/E/G ratio of 2.54 and a beta of 0.32. NextEra Energy Inc has a 52 week low of $127.09 and a 52 week high of $159.64.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be given a dividend of $1.11 per share. The ex-dividend date is Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.98. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.81%. NextEra Energy’s payout ratio is currently 60.66%.
Several equities research analysts have recently issued reports on the company. Morgan Stanley reduced their price target on NextEra Energy from $170.00 to $168.00 and set an “overweight” rating for the company in a report on Thursday, March 8th. ValuEngine upgraded NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. UBS Group assumed coverage on NextEra Energy in a report on Friday, February 2nd. They set a “buy” rating and a $177.00 price target for the company. Finally, Guggenheim reissued a “buy” rating and issued a $182.00 price objective on shares of NextEra Energy in a research note on Friday, January 26th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. NextEra Energy presently has an average rating of “Buy” and an average price target of $161.75.
In related news, EVP Charles E. Sieving sold 2,844 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $154.67, for a total value of $439,881.48. Following the sale, the executive vice president now owns 48,966 shares of the company’s stock, valued at approximately $7,573,571.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Manoochehr K. Nazar sold 13,890 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $155.64, for a total value of $2,161,839.60. Following the completion of the sale, the insider now directly owns 142,429 shares in the company, valued at approximately $22,167,649.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,984 shares of company stock worth $4,006,149. 0.53% of the stock is currently owned by company insiders.
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NextEra Energy Company 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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