Bank of Montreal Can grew its position in NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 19.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 6,560,699 shares of the utilities provider’s stock after acquiring an additional 1,047,532 shares during the quarter. Bank of Montreal Can’s holdings in NextEra Energy were worth $608,833,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of NEE. Jackson Wealth Management LLC boosted its holdings in shares of NextEra Energy by 275.6% in the third quarter. Jackson Wealth Management LLC now owns 71,561 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 52,510 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $31,000. Horan Securities Inc. acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $44,000. Ten Capital Wealth Advisors LLC lifted its holdings in shares of NextEra Energy by 201.0% during the third quarter. Ten Capital Wealth Advisors LLC now owns 575 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 384 shares during the period. Finally, Ahrens Investment Partners LLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth $45,000. 77.89% of the stock is owned by institutional investors and hedge funds.
In other news, Director Kirk S. Hachigian purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, May 3rd. The stock was acquired at an average price of $70.19 per share, for a total transaction of $701,900.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $350,950. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.43% of the company’s stock.
NYSE:NEE traded up $1.90 during trading hours on Tuesday, hitting $72.02. The company’s stock had a trading volume of 8,887,059 shares, compared to its average volume of 10,567,136. The business’s 50-day moving average is $79.16 and its two-hundred day moving average is $82.17. The company has a market capitalization of $141.48 billion, a PE ratio of 97.57, a PEG ratio of 2.82 and a beta of 0.49. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.42 and a current ratio of 0.49. NextEra Energy, Inc. has a 52-week low of $67.22 and a 52-week high of $93.73.
NextEra Energy (NYSE:NEE – Get Rating) last announced its quarterly earnings results on Thursday, April 21st. The utilities provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. NextEra Energy had a return on equity of 11.49% and a net margin of 8.97%. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter last year, the business posted $0.67 earnings per share. As a group, analysts predict that NextEra Energy, Inc. will post 2.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 1st were given a $0.425 dividend. The ex-dividend date of this dividend was Monday, February 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.36%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.39. NextEra Energy’s dividend payout ratio (DPR) is currently 229.73%.
About NextEra Energy (Get Rating)
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, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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