Bedell Frazier Investment Counseling LLC lifted its stake in NextEra Energy Inc (NYSE:NEE) by 7.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,504 shares of the utilities provider’s stock after purchasing an additional 104 shares during the period. Bedell Frazier Investment Counseling LLC’s holdings in NextEra Energy were worth $291,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of NEE. Ellis Investment Partners LLC bought a new stake in NextEra Energy during the first quarter valued at approximately $32,000. Acima Private Wealth LLC bought a new stake in NextEra Energy during the fourth quarter valued at approximately $39,000. Massey Quick Simon & CO. LLC bought a new stake in NextEra Energy during the first quarter valued at approximately $39,000. RPG Investment Advisory LLC bought a new stake in NextEra Energy during the first quarter valued at approximately $42,000. Finally, Westside Investment Management Inc. lifted its holdings in NextEra Energy by 62.9% during the fourth quarter. Westside Investment Management Inc. now owns 259 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 100 shares in the last quarter. 75.90% of the stock is owned by hedge funds and other institutional investors.
NextEra Energy stock traded up $2.19 during mid-day trading on Friday, reaching $206.96. 1,381,296 shares of the company’s stock traded hands, compared to its average volume of 1,581,290. The company has a market cap of $98.07 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 3.11 and a beta of 0.26. The company has a quick ratio of 0.38, a current ratio of 0.46 and a debt-to-equity ratio of 0.79. NextEra Energy Inc has a 12-month low of $156.85 and a 12-month high of $208.47.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Friday, May 31st. NextEra Energy’s payout ratio is 64.94%.
Several equities analysts have weighed in on NEE shares. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $213.00 price target on the stock in a report on Thursday, April 25th. Credit Suisse Group set a $199.00 price target on shares of NextEra Energy and gave the company a “buy” rating in a report on Monday, April 22nd. Goldman Sachs Group downgraded shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price target on the stock. in a report on Monday, April 8th. UBS Group lifted their price target on shares of NextEra Energy from $225.00 to $236.00 and gave the company a “buy” rating in a report on Friday, June 7th. Finally, 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 report on Wednesday, April 24th. 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 currently has an average rating of “Buy” and a consensus target price of $204.46.
In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $191.52, for a total transaction of $306,432.00. Following the transaction, the director now owns 19,210 shares in the company, valued at $3,679,099.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James L. Robo sold 15,000 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $204.86, for a total transaction of $3,072,900.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,475 shares of company stock worth $17,079,179. 0.48% of the stock is owned by insiders.
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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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