Nice Lakes Retirement Inc. grew its stake in shares of NextEra Power, Inc. (NYSE:NEE – Free Report) by 16.5% throughout the third quarter, in response to the corporate in its most up-to-date disclosure with the Securities & Change Fee. The agency owned 10,833 shares of the utilities supplier’s inventory after shopping for an extra 1,537 shares throughout the interval. Nice Lakes Retirement Inc.’s holdings in NextEra Power had been price $916,000 on the finish of the newest reporting interval.
Various different institutional buyers and hedge funds have additionally lately modified their holdings of NEE. Sycomore Asset Administration lifted its stake in NextEra Power by 0.3% within the 2nd quarter. Sycomore Asset Administration now owns 47,341 shares of the utilities supplier’s inventory price $3,473,000 after buying an extra 131 shares within the final quarter. BCK Companions Inc. raised its place in shares of NextEra Power by 3.8% within the second quarter. BCK Companions Inc. now owns 3,687 shares of the utilities supplier’s inventory price $261,000 after shopping for an extra 135 shares within the final quarter. Zhang Monetary LLC boosted its stake in NextEra Power by 3.0% throughout the third quarter. Zhang Monetary LLC now owns 4,562 shares of the utilities supplier’s inventory valued at $386,000 after shopping for an extra 135 shares throughout the interval. Foundations Funding Advisors LLC elevated its stake in NextEra Power by 1.9% within the third quarter. Foundations Funding Advisors LLC now owns 7,317 shares of the utilities supplier’s inventory price $619,000 after buying an extra 138 shares over the past quarter. Lastly, Renasant Financial institution elevated its stake in NextEra Power by 1.0% within the 1st quarter. Renasant Financial institution now owns 14,614 shares of the utilities supplier’s inventory price $934,000 after buying an extra 142 shares over the past quarter. 78.72% of the inventory is owned by hedge funds and different institutional buyers.
NextEra Power Buying and selling Down 2.5 %
NYSE NEE opened at $82.82 on Friday. The agency has a market cap of $170.16 billion, a PE ratio of twenty-two.57, a price-to-earnings-growth ratio of two.92 and a beta of 0.56. NextEra Power, Inc. has a 1-year low of $53.81 and a 1-year excessive of $86.10. The inventory has a 50-day transferring common of $82.19 and a 200-day transferring common of $75.96. The corporate has a present ratio of 0.49, a fast ratio of 0.41 and a debt-to-equity ratio of 1.15.
NextEra Power (NYSE:NEE – Get Free Report) final introduced its quarterly earnings information on Wednesday, October twenty third. The utilities supplier reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. The agency had income of $7.57 billion throughout the quarter, in comparison with the consensus estimate of $8.11 billion. NextEra Power had a return on fairness of 11.75% and a internet margin of 24.45%. The enterprise’s income was up 5.5% on a year-over-year foundation. Throughout the identical quarter within the earlier 12 months, the corporate posted $0.94 earnings per share. As a bunch, sell-side analysts forecast that NextEra Power, Inc. will publish 3.4 EPS for the present 12 months.
NextEra Power Broadcasts Dividend
The corporate additionally lately declared a quarterly dividend, which will probably be paid on Monday, December sixteenth. Shareholders of document on Friday, November twenty second will probably be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized foundation and a yield of two.49%. The ex-dividend date is Friday, November twenty second. NextEra Power’s dividend payout ratio (DPR) is presently 56.13%.
Analysts Set New Value Targets
A number of analysis analysts have lately commented on NEE shares. Citigroup boosted their worth goal on NextEra Power from $69.00 to $84.00 and gave the inventory a “purchase” ranking in a report on Thursday, June twenty seventh. Financial institution of America elevated their worth goal on shares of NextEra Power from $77.00 to $81.00 and gave the inventory a “impartial” ranking in a report on Thursday, August twenty ninth. Scotiabank raised their worth goal on shares of NextEra Power from $73.00 to $92.00 and gave the corporate a “sector outperform” ranking in a analysis report on Tuesday, August twentieth. Barclays upped their goal worth on shares of NextEra Power from $76.00 to $80.00 and gave the inventory an “equal weight” ranking in a analysis report on Tuesday, October 1st. Lastly, Jefferies Monetary Group assumed protection on NextEra Power in a analysis report on Thursday, September nineteenth. They set a “maintain” ranking and a $87.00 worth goal on the inventory. One analysis analyst has rated the inventory with a promote ranking, eight have assigned a maintain ranking and 7 have issued a purchase ranking to the corporate’s inventory. In line with MarketBeat, NextEra Power presently has a mean ranking of “Maintain” and a mean goal worth of $86.38.
View Our Newest Analysis Report on NEE
Insider Shopping for and Promoting at NextEra Power
In different information, EVP Nicole J. Daggs offered 658 shares of the inventory in a transaction dated Thursday, August 1st. The shares had been offered at a mean worth of $76.97, for a complete transaction of $50,646.26. Following the completion of the sale, the chief vice chairman now straight owns 100 shares within the firm, valued at roughly $7,697. This represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a doc filed with the SEC, which is accessible by way of this hyperlink. Company insiders personal 0.18% of the corporate’s inventory.
About NextEra Power
NextEra Power, Inc, by way of its subsidiaries, generates, transmits, distributes, and sells electrical energy to retail and wholesale clients in North America. The corporate generates electrical energy by way of wind, photo voltaic, nuclear,pure fuel, and different clear power. It additionally develops, constructs, and operates long-term contracted belongings that consists of fresh power options, akin to renewable era amenities, battery storage initiatives, and electrical transmission amenities; sells power commodities; and owns, develops, constructs, manages and operates electrical era amenities in wholesale power markets.
Additional Studying
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