Chartwell Investment Partners LLC buys 1,326 shares of NextEra Energy, Inc. (NYSE:NEE)
Chartwell Investment Partners LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 6.2% in Q1, according to its latest 13F filing with the Securities & Exchange Commission. The fund held 22,673 shares of the utility provider after buying an additional 1,326 shares during the period. Chartwell Investment Partners LLC’s holdings in NextEra Energy were worth $1,921,000 when it last filed with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently increased or reduced their stake in NEE. Contravisory Investment Management Inc. increased its equity stake in NextEra Energy by 295.5% during Q1. Contravisory Investment Management Inc. now owns 348 shares of the utility provider valued at $29,000 after buying an additional 260 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of NextEra Energy during Q4, valued at approximately $31,000. Comprehensive Financial Consultants Institutional Inc. purchased a new equity stake in NextEra Energy during Q4, valued at approximately $34,000. Guardian Wealth Management Inc. purchased a new equity stake in NextEra Energy during Q4, valued at approximately $43,000. Finally, Horan Securities Inc. purchased a new equity stake in NextEra Energy during Q4 valued at approximately $44,000. 77.89% of the shares are held by institutional investors and hedge funds.
NYSE:NEE shares opened at $80.25 on Monday. The company has a market capitalization of $157.65 billion, a PE ratio of 108.45, a growth price-earnings ratio of 3.03 and a beta of 0.45. The company’s 50-day simple moving average is $74.72 and its 200-day simple moving average is $78.82. NextEra Energy, Inc. has a 1-year low of $67.22 and a 1-year high of $93.73. The company has a debt ratio of 1.16, a quick ratio of 0.42 and a current ratio of 0.49.
NextEra Energy (NYSE:NEE – Get Rating) last released its results on Thursday, April 21. The utility provider reported EPS of $0.74 for the quarter, beating analyst consensus estimates of $0.69 by $0.05. The company posted revenue of $2.89 billion for the quarter, versus analyst estimates of $5.16 billion. NextEra Energy posted a net margin of 8.97% and a return on equity of 11.49%. During the same period last year, the company posted earnings per share of $0.67. Equity research analysts expect NextEra Energy, Inc. to post EPS of 2.84 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15. Shareholders of record on Tuesday, May 31 received a dividend of $0.425 per share. This represents a dividend of $1.70 on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Friday, May 27. NextEra Energy’s dividend payout ratio (DPR) is currently 229.73%.
In other NextEra Energy news, CEO John W. Ketchum acquired 12,909 shares of the company in a transaction dated Friday, July 1. The shares were purchased at an average cost of $78.33 per share, for a total transaction of $1,011,161.97. Following the completion of the purchase, the CEO now owns 132,894 shares of the company, valued at $10,409,587.02. The transaction was disclosed in a document filed with the SEC, accessible via the SEC’s website. Additionally, director Kirk S. Hachigian acquired 10,000 shares of the company in a transaction dated Tuesday, May 3. The shares were acquired at an average price of $70.19 per share, for a total transaction of $701,900.00. Following the completion of the purchase, the director now owns 5,000 shares of the company, valued at approximately $350,950. Disclosure of this purchase can be found here. Insiders of the company own 0.38% of the shares of the company.
NEE has been the subject of several recent research reports. KeyCorp raised its target price on NextEra Energy shares from $87.00 to $89.00 and gave the company an “overweight” rating in a Thursday, April 7 research report. Wells Fargo & Company raised its price target on NextEra Energy shares from $102.00 to $107.00 and gave the company an “overweight” rating in a Monday, April 18 research report. Credit Suisse Group set a target price of $76.00 on NextEra Energy shares in a Monday, June 20 research report. Morgan Stanley cut its price target on NextEra Energy shares from $88.00 to $86.00 and set an “equal weight” rating on the stock in a Monday, May 23 research report. Finally, TheStreet downgraded shares of NextEra Energy from a “b” rating to a “c+” rating in a Thursday, April 21 research report. Three analysts gave the stock a hold rating and six gave the company a buy rating. Based on MarketBeat data, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $88.86.
NextEra Energy Profile (Get a rating)
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes and sells electricity to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal and natural gas installations. It also develops, builds and operates long-term contract assets that consist of clean energy solutions, such as renewable energy generation facilities, battery storage projects and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates power generation facilities in the wholesale energy markets.
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