Chartwell Investment Partners LLC bought 1,326 shares of NextEra Energy, Inc. (NYSE:NEE)


Chartwell Investment Partners LLC boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Get Rating ) by 6.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,673 shares of the utilities provider’s stock after purchasing an additional 1,326 shares during the period. Chartwell Investment Partners LLC’s holdings in NextEra Energy were worth $1,921,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Contravisory Investment Management Inc. boosted its holdings in shares of NextEra Energy by 295.5% in the first quarter. Contravisory Investment Management Inc. now owns 348 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 260 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at about $31,000. Comprehensive Financial Consultants Institutional Inc. purchased a new stake in shares of NextEra Energy in the 4th quarter worth about $34,000. Guardian Wealth Management Inc. bought a new stake in shares of NextEra Energy in the 4th quarter valued at about $43,000. Finally, Horan Securities Inc. bought a new stake in shares of NextEra Energy in the 4th quarter valued at about $44,000. 77.89% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:NEE opened at $80.25 on Monday. The firm has a market cap of $157.65 billion, a PE ratio of 108.45, a price-to-earnings-growth ratio of 3.03 and a beta of 0.45. The firm’s 50-day simple moving average is $74.72, and its 200-day simple moving average is $78.82. NextEra Energy, Inc. has a one year low of $67.22 and a one year high of $93.73. The company has a debt-to-equity ratio of 1.16, a quick earnings ratio of 0.42, and a current ratio of 0.49.

NextEra Energy (NYSE:NEE – Get Rating ) last posted its earnings results on Thursday, April 21st. The utilities provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $5.16 billion. NextEra Energy had a net margin of 8.97% and a return on equity of 11.49%. During the same period last year, the company posted earnings of $0.67 per share. Equities analysts predict that NextEra Energy, Inc. will post 2.84 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st were given a dividend of $0.425 per share. This represents an annualized dividend of $1.70 and a dividend yield of 2.12%. The ex-dividend date was Friday, May 27th. 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’s stock in a transaction dated Friday, July 1st. The stock was bought at an average price of $78.33 per share, for a total transaction of $1,011,161.97. Following the completion of the purchase, the chief executive officer now owns 132,894 shares in the company, valued at $10,409,587.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC’s website. Also, Director Kirk S. Hachigian acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, May 3rd. The shares were acquired at an average price of $70.19 per share, for a total transaction of $701,900.00. Upon completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $350,950. Disclosure of this purchase can be found here. Company insiders own 0.38% of the company’s shares.

NEE has been the subject of several recent research reports. KeyCorp boosted their target price on shares of NextEra Energy from $87.00 to $89.00 and gave the company an “overweight” rating in a research report on Thursday, April 7th. Wells Fargo & Company upped their target price on shares of NextEra Energy from $102.00 to $107.00 and gave the company an “overweight” rating in a research report on Monday, April 18th. Credit Suisse Group set a $76.00 target price on shares of NextEra Energy in a research report on Monday, June 20th. Morgan Stanley decreased their price objective on shares of NextEra Energy from $88.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Monday, May 23rd. Finally, TheStreet lowered shares of NextEra Energy from a “b” rating to a “c+” rating in a research report on Thursday, April 21st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $88.86, based on data from MarketBeat.

NextEra Energy Profile (Get 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. It also develops, builds and operates long-term contracted assets that consist of clean energy solutions such as renewable energy generation facilities, battery storage projects and power transmission facilities; sells energy goods; and owns, develops, constructs, operates and operates electricity generation facilities in the wholesale energy markets.

See also

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)



Get news and 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.

Leave a Comment

Your email address will not be published.