Allegheny Financial Group LTD increased the percentage of NextEra Energy, Inc. (NYSE: NEE) shares it owned during the third quarter by 34.1%, as stated in the most recent report that was filed with the Securities and Exchange Commission. The institutional investor’s stock holdings in the utility provider increased by 1,434 shares during the period above, bringing the total number of shares held by him to 5,639. During this period, the stock holdings increased. According to the most recent report that Allegheny Financial Group LTD. had submitted to the Securities and Exchange Commission, the value of the company’s holding in NextEra Energy at that time was $442,000.
In the most recent period, several other hedge funds have implemented various changes to the positions they currently hold in the company. During the second quarter, Childress Capital Advisors LLC completed an increase in the proportion of NextEra Energy stock that it owned, equivalent to a 1.5% increase. After purchasing an additional 112 shares during the most recent quarter, Childress Capital Advisors LLC now holds 7,380 shares of the utilities provider’s stock, with a value of $572,000. These shares were acquired during the most recent quarter. During the second quarter, Deseret Mutual Benefit Administrators was able to raise the proportion of NextEra Energy stock that it owned to a level that was 2.4% higher than before. During the most recent fiscal quarter, Deseret Mutual Benefit Administrators bought an additional 115 shares of the company, bringing the total number of shares owned by the company to 2,040. This resulted in its total holdings in the company increasing to 4,831 shares, valued at $374,000; this represents an increase compared to its holdings in the company during the prior quarter, which were also 4,831 shares. The current level of Evoke Wealth LLC’s ownership in NextEra Energy was achieved through an increase of 1.1% in the company’s stock during the second quarter. Evoke Wealth LLC increased its holdings in the utility provider by 117 new shares during the most recent fiscal quarter, bringing the total number of shares it currently owns to 10,597. Because these shares have a value of $821,000, the total amount of money that the company has invested is $820,000. Primoris Wealth Advisors LLC increased the proportion of NextEra Energy stock held by 2.3% during the second quarter. Following purchasing 121 additional shares during the most recent quarter, Primoris Wealth Advisors LLC now directly owns 5,492 shares in the utility provider, with a value of $425,000. These shares were acquired to bring the total number of shares owned by the company to 5,492. During the second quarter, Eldridge Investment Advisors Inc. increased the amount of NextEra Energy stock owned by 2.4%, making this the last and most important point. Eldridge Investment Advisors Inc. now has 5,246 shares of the utilities provider’s stock, which it acquired during the most recent quarter by purchasing an additional 122 shares. Based on the stock’s current price, the company’s holdings are worth approximately $406,000. Institutional investors and hedge funds collectively hold a stake in the company equal to 76.17% of the total number of shares outstanding.
The NYSE NEE was trading at $84.24 at noon on Friday, a loss of $0.83 compared to its previous price. The total number of shares traded in the company’s stock was 70,219, a significantly lower amount compared to the stock’s typical daily volume of 5,193,250 shares. The company’s simple moving average for the past 50 days is $83.78; its simple moving average for the past 200 days is $82.77. The company has a market capitalization of $167.40 billion, a price-to-earnings ratio of 43.85, a price-to-earnings-to-growth ratio of 2.77, and a beta of 0.48. All of these metrics indicate that the stock is relatively expensive. All of these metrics point to the fact that the company is overpriced in comparison to the earnings it generates. NextEra Energy, Inc. reached a low of $67.22 over the past year, while the company reached a high of $91.35 over the same period. The current ratio is 0.46, the quick ratio is 0.40, and the debt-to-equity ratio is 1.17. All three ratios are very close to each other. There is a striking similarity between each of the three ratios.
On Friday, October 28, NextEra Energy, traded on the NYSE under the symbol “NEE,” disseminated its most recent quarterly earnings report. The symbol for the company’s stock is “NEE.” The company that provides utilities reported earnings per share for the quarter of $0.85, which is $0.06 higher than the analysts’ consensus estimate of $0.79 per share. The net margin for NextEra Energy came in at 19.30%, and their return on equity was 12.27%; these are the respective percentages. The company’s quarterly sales came in at $6.72 billion, a substantial increase from the $5.77 billion predicted by industry analysts for the company’s sales. The company posted earnings of $0.75 per share for the same period the year before when compared to the current year. The percentage increase in the annual growth rate of the company’s quarterly sales was 53.4% higher than the year before. According to projections made by analysts who focus on equity research, NextEra Energy, Inc. will bring in $2.89 per share earnings during the current fiscal year.
On Friday, November 25, Executive Vice President Charles E. Sieving sold 2,277 shares of the company’s stock. This is another piece of news regarding the company. The sale of the shares resulted in the accumulation of $194,159.79, broken down into an average price of $85.27 per share. As a result of the successful completion of the transaction, the executive vice president now directly owns 175,950 shares of the company. The current market value of these shares is $15,003,256.50. If you follow the link, you will be taken to a document submitted to the SEC, which will provide you with additional information regarding the sale. On Monday, December 12, Miguel Arechabala, Executive Vice President and Chief Operating Officer of NextEra Energy, sold 12,478 shares of the company’s stock. On average, one million, seven hundred thirty-five, and fifty-four dollars’ worth of the company’s stock was traded at $85.89 per share. After the completion of the transaction, the executive vice president now directly owns 24,710 shares of the company. These shares have a value of approximately $2,122,341.90 each.
A document containing the information given to the Securities and Exchange Commission regarding the transaction can be found on this website. The document contains all of the information that was given to the SEC. In addition, Executive Vice President Charles E. Sieving sold 2,277 shares of NextEra Energy stock on Friday, November 25. The sale of the shares resulted in the accumulation of $194,159.79, broken down into an average price of $85.27 per share. Following the completion of the sale, the executive vice president will have a total of 175,950 shares in the company. These shares have an estimated market value of $15,003,256.50. Disclosures that are related to the sale might be found in this section of the website. Corporate insiders were responsible for selling a total of 46,617 company stock over the preceding three months, resulting in total revenue of $3,962,217. The company’s insiders own 0.43 percent of the total number of shares outstanding.
NEE has recently attracted the attention of a variety of different brokerage firms. NextEra Energy received an “overweight” rating from Morgan Stanley in a research report published on Tuesday. Additionally, Morgan Stanley increased their price objective on the stock from $97.00 to $98.00, reflecting the firm’s belief that it will move higher shortly. BMO Capital Markets changed their rating for NextEra Energy from “outperform” to “market perform” in a report published on the 31st of October. In addition, they increased their price target from $89.00 to $91.00. NextEra Energy received an “overweight” rating from Wells Fargo & Company, which increased the brokerage firm’s price target for the company’s stock from $105.00 to $110.00. An academic research note published on Tuesday was where the announcement was made. In a research note published on Thursday, October 20th, KeyCorp stated that they are no longer maintaining an “overweight” rating on NextEra Energy’s shares and have decreased their price target on the stock from $93.00 to $89.00. The price objective that Guggenheim has placed on NextEra Ene