home Latest News NextEra Energy Inc (NYSE:NEE) Shares Bought by Gerber Kawasaki Wealth & Investment Management – Fairfield Current

NextEra Energy Inc (NYSE:NEE) Shares Bought by Gerber Kawasaki Wealth & Investment Management – Fairfield Current

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Gerber Kawasaki Wealth & Investment Management increased its stake in shares of NextEra Energy Inc (NYSE:NEE) by 16.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,671 shares of the utilities provider’s stock after purchasing an additional 4,955 shares during the quarter. NextEra Energy makes up about 2.1% of Gerber Kawasaki Wealth & Investment Management’s portfolio, making the stock its 17th largest holding. Gerber Kawasaki Wealth & Investment Management’s holdings in NextEra Energy were worth $6,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in NEE. Acima Private Wealth LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at $39,000. Westside Investment Management Inc. lifted its stake in shares of NextEra Energy by 62.9% in the fourth quarter. Westside Investment Management Inc. now owns 259 shares of the utilities provider’s stock valued at $45,000 after buying an additional 100 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at $46,000. Contravisory Investment Management Inc. lifted its stake in shares of NextEra Energy by 161.8% in the fourth quarter. Contravisory Investment Management Inc. now owns 288 shares of the utilities provider’s stock valued at $50,000 after buying an additional 178 shares in the last quarter. Finally, Athena Capital Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at $56,000. Institutional investors and hedge funds own 75.98% of the company’s stock.

NYSE:NEE traded up $0.26 on Friday, reaching $191.24. 3,600,542 shares of the company’s stock were exchanged, compared to its average volume of 2,212,151. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $91.32 billion, a PE ratio of 24.84, a P/E/G ratio of 2.93 and a beta of 0.29. NextEra Energy Inc has a 52 week low of $155.06 and a 52 week high of $192.16.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 25th. The utilities provider reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.84 billion. NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. NextEra Energy’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 EPS. Analysts anticipate that NextEra Energy Inc will post 8.4 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 28th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Wednesday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $1.11. NextEra Energy’s dividend payout ratio (DPR) is currently 64.94%.

In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $170.23, for a total transaction of $272,368.00. Following the completion of the transaction, the director now owns 20,100 shares in the company, valued at $3,421,623. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Manoochehr K. Nazar sold 36,807 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $189.87, for a total transaction of $6,988,545.09. Following the transaction, the insider now owns 149,034 shares of the company’s stock, valued at approximately $28,297,085.58. The disclosure for this sale can be found here. Insiders have sold 61,909 shares of company stock valued at $11,666,919 in the last quarter. Company insiders own 0.55% of the company’s stock.

A number of research firms have weighed in on NEE. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley raised their price objective on shares of NextEra Energy from $184.00 to $188.00 and gave the stock an “overweight” rating in a report on Tuesday, February 12th. Credit Suisse Group raised their price objective on shares of NextEra Energy from $186.00 to $193.00 and gave the stock an “outperform” rating in a report on Wednesday, December 12th. Barclays raised their price objective on shares of NextEra Energy from $182.00 to $187.00 and gave the stock a “hold” rating in a report on Monday, November 19th. Finally, Guggenheim restated a “buy” rating and set a $205.00 price objective on shares of NextEra Energy in a report on Monday, January 7th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $180.50.

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About NextEra Energy

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

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