Torray Investment Partners LLC Buys New Holdings in NextEra Energy, Inc. $NEE

by · The Cerbat Gem

Torray Investment Partners LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 238,438 shares of the utilities provider’s stock, valued at approximately $18,000,000. NextEra Energy accounts for about 2.4% of Torray Investment Partners LLC’s investment portfolio, making the stock its 16th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in NEE. Daymark Wealth Partners LLC grew its position in shares of NextEra Energy by 6.5% during the second quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock worth $3,125,000 after acquiring an additional 2,767 shares during the last quarter. Synergy Asset Management LLC boosted its stake in NextEra Energy by 286.0% during the 3rd quarter. Synergy Asset Management LLC now owns 22,028 shares of the utilities provider’s stock worth $1,594,000 after purchasing an additional 16,322 shares during the period. Avity Investment Management Inc. grew its position in NextEra Energy by 1.7% during the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after purchasing an additional 8,565 shares during the last quarter. Dillon & Associates Inc. grew its position in NextEra Energy by 8.4% during the 2nd quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock worth $4,709,000 after purchasing an additional 5,261 shares during the last quarter. Finally, Soltis Investment Advisors LLC raised its holdings in shares of NextEra Energy by 171.1% in the second quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock valued at $841,000 after buying an additional 7,645 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Morgan Stanley lowered their price target on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. TD Cowen assumed coverage on NextEra Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $98.00 target price on the stock. Argus set a $90.00 price target on NextEra Energy in a research note on Wednesday, October 29th. Cowen began coverage on shares of NextEra Energy in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Finally, Citigroup restated a “buy” rating and set a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $91.72.

Get Our Latest Analysis on NextEra Energy

NextEra Energy Trading Up 0.5%

NYSE:NEE opened at $81.30 on Tuesday. The stock has a market capitalization of $169.32 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 2.51 and a beta of 0.74. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. The stock has a fifty day moving average price of $82.53 and a two-hundred day moving average price of $77.65. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE – Get Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter last year, the firm posted $1.03 EPS. The business’s revenue was up 5.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were issued a $0.5665 dividend. The ex-dividend date was Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio is currently 72.29%.

Insiders Place Their Bets

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the transaction, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.18% of the stock is owned by insiders.

NextEra Energy Company Profile

(Free Report)

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.

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