Glassman Wealth Services increased its holdings in NextEra Energy Inc (NYSE:NEE) by 62.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 344 shares of the utilities provider’s stock after acquiring an additional 132 shares during the quarter. Glassman Wealth Services’ holdings in NextEra Energy were worth $67,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. BBR Partners LLC grew its position in NextEra Energy by 1.0% in the 1st quarter. BBR Partners LLC now owns 6,488 shares of the utilities provider’s stock valued at $1,254,000 after buying an additional 66 shares during the last quarter. King Luther Capital Management Corp grew its position in NextEra Energy by 4.5% in the 1st quarter. King Luther Capital Management Corp now owns 7,659 shares of the utilities provider’s stock valued at $1,481,000 after buying an additional 330 shares during the last quarter. AlphaCrest Capital Management LLC grew its position in NextEra Energy by 91.0% in the 1st quarter. AlphaCrest Capital Management LLC now owns 11,402 shares of the utilities provider’s stock valued at $2,204,000 after buying an additional 5,433 shares during the last quarter. Ontario Teachers Pension Plan Board grew its position in NextEra Energy by 375.8% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 36,654 shares of the utilities provider’s stock valued at $7,086,000 after buying an additional 28,950 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in NextEra Energy by 137.5% in the 1st quarter. Rockefeller Capital Management L.P. now owns 17,235 shares of the utilities provider’s stock valued at $3,332,000 after buying an additional 9,978 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $191.52, for a total value of $306,432.00. Following the completion of the transaction, the director now owns 19,210 shares of the company’s stock, valued at approximately $3,679,099.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James L. Robo sold 111,864 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $191.27, for a total transaction of $21,396,227.28. The disclosure for this sale can be found here. Insiders sold a total of 198,339 shares of company stock valued at $38,475,406 in the last three months. 0.48% of the stock is currently owned by corporate insiders.
A number of research firms recently weighed in on NEE. Credit Suisse Group set a $199.00 price objective on shares of NextEra Energy and gave the company a “buy” rating in a research report on Monday, April 22nd. UBS Group boosted their target price on shares of NextEra Energy from $225.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Goldman Sachs Group lowered shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 target price on the stock. in a research report on Monday, April 8th. Wells Fargo & Co boosted their target price on shares of NextEra Energy from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $213.00 target price on the stock in a research report on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. NextEra Energy presently has an average rating of “Buy” and an average target price of $203.46.
Shares of NYSE NEE opened at $204.55 on Thursday. NextEra Energy Inc has a one year low of $156.23 and a one year high of $208.47. The firm has a market cap of $96.73 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 3.07 and a beta of 0.26. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.38 and a current ratio of 0.46.
NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.19. NextEra Energy had a net margin of 17.13% and a return on equity of 10.26%. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the previous year, the company posted $1.94 EPS. Analysts forecast that NextEra Energy Inc will post 8.35 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Friday, May 31st. NextEra Energy’s payout ratio is 64.94%.
ILLEGAL ACTIVITY NOTICE: This report was first posted by Highlight Press and is the property of of Highlight Press. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://highlightpress.com/2019/06/13/nextera-energy-inc-nysenee-shares-bought-by-glassman-wealth-services.html.
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.
Recommended Story: What is a stock buyback?
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.