StrongBox Wealth LLC lowered its holdings in NextEra Power, Inc. (NYSE:NEE – Get Score ) by 9.7% within the 4th quarter, in keeping with the corporate in its most up-to-date submitting with the Securities and Change Fee. The agency owned 28,486 shares of the utilities supplier’s inventory after promoting 3,073 shares in the course of the interval. NextEra Power accounts for 1.7% of StrongBox Wealth LLC’s funding portfolio, making the inventory its twenty fifth largest place. StrongBox Wealth LLC’s holdings in NextEra Power had been value $2,381,000 as of its most up-to-date SEC submitting.

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A number of different institutional traders and hedge funds additionally not too long ago purchased and offered shares of the corporate. Vanguard Group Inc. lifted its stake in NextEra Power by 2.1% within the third quarter. Vanguard Group Inc. now owns 189,253,007 shares of the utilities supplier’s inventory valued at $14,839,329,000 after shopping for an extra 3,870,385 shares within the final quarter. Financial institution of New York Mellon Corp lifted its stake in NextEra Power by 1.6% within the third quarter. Financial institution of New York Mellon Corp now owns 19,626,941 shares of the utilities supplier’s inventory valued at $1,538,947,000 after buying an extra 315,356 shares within the final quarter. Authorized & Normal Group Plc lifted its stake in NextEra Power by 0.8% within the 2nd quarter. Authorized & Normal Group Plc now owns 16,099,565 shares of the utilities supplier’s inventory valued at $1,247,074,000 after shopping for an extra 124,572 shares within the final quarter. Alliancebernstein LP lifted its stake in NextEra Power by 4.8% within the third quarter. Alliancebernstein LP now owns 10,622,137 shares of the utilities supplier’s inventory valued at $832,882,000 after shopping for an extra 482,717 shares within the final quarter. Lastly, UBS Asset Administration Americas Inc. raised its stake in NextEra Power by 1.4% within the third quarter. UBS Asset Administration Americas Inc. now owns 10,087,751 shares of the utilities supplier’s inventory valued at $790,981,000 after shopping for an extra 141,691 shares within the final quarter. 76.17% of the share is owned by institutional traders.

Adjustments in analyst scores

NEE has been the topic of a number of current analyst studies. Wells Fargo & Firm dropped their goal value on shares of NextEra Power from $110.00 to $100.00 and set an “obese” score on the inventory in a analysis be aware on Thursday, March 2nd. Credit score Suisse Group lowered their goal value on shares of NextEra Power from $89.00 to $85.00 and set an “outperform” score on the inventory in a analysis be aware on Thursday, January twenty sixth. Guggenheim decreased their value goal on shares of NextEra Power from $102.00 to $96.00 and set a “purchase” score on the inventory in a analysis report on Thursday, January twenty sixth. Morgan Stanley decreased their value goal on shares of NextEra Power from $97.00 to $94.00 and set an “obese” score on the inventory in a analysis report on Tuesday, March twenty first. Lastly, StockNews.com upgraded shares of NextEra Power from a “promote” score to a “maintain” score in a analysis report on Friday, March tenth. 5 equities analysis analysts have rated the inventory with a maintain score and eight have given a purchase score to the corporate’s inventory. In line with knowledge from MarketBeat, the inventory has a mean score of “Average Purchase” and a mean goal value of $91.58.

NextEra Power Value Efficiency

Shares of NYSE:NEE opened at $75.69 on Friday. The inventory has a market cap of $150.43 billion, a PE ratio of 36.22, a PEG ratio of two.62 and a beta of 0.44. The corporate’s 50 day transferring common is $75.81 and its 200 day transferring common is $79.90. NextEra Power, Inc. has a 52 week low of $67.22 and a 52 week excessive of $91.35. The corporate has a fast ratio of 0.43, a present ratio of 0.51 and a debt ratio of 1.14.

NextEra Power (NYSE:NEE – Get Score ) final launched its earnings outcomes on Wednesday, January twenty fifth. The utilities supplier reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The corporate had income of $6.16 billion for the quarter, in comparison with analysts’ expectations of $6.58 billion. NextEra Power had a internet margin of 19.79% and a return on fairness of 12.51%. The corporate’s income elevated by 22.2% in comparison with the identical quarter final 12 months. In the identical quarter final 12 months, the corporate earned $0.41 EPS. Analysis analysts count on that NextEra Power, Inc. will ship 3.12 earnings per share for the present 12 months.

NextEra Power Will increase Dividend

The corporate additionally not too long ago declared a quarterly dividend, which was paid on Wednesday, March fifteenth. Stockholders of report on Tuesday, February twenty eighth had been issued a $0.4675 dividend. This represents an annualized dividend of $1.87 and a yield of two.47%. The ex-dividend date was Monday, February twenty seventh. This can be a optimistic change from NextEra Power’s earlier quarterly dividend of $0.43. NextEra Power’s dividend payout ratio (DPR) is 89.47%.

Insiders place their bets

In different information, Director Amy B. Lane purchased 1,000 shares of the enterprise’s inventory in a transaction on Monday, February sixth. The shares had been acquired at a mean value of $74.86 per share, with a complete worth of $74,860.00. Following the acquisition, the director now instantly owns 41,277 shares within the firm, valued at USD 3,089,996.22. The transaction was disclosed in a authorized submitting with the SEC, which is on the market on the SEC web site. In different information, CEO Armando Pimentel, Jr. purchased 13,200 shares of the corporate’s inventory in a transaction on Tuesday, February twenty first. The shares had been acquired at a mean value of $75.44 per share. inventory with a complete worth of $995,808.00. Following the acquisition, the chief govt officer now instantly owns 129,230 shares within the firm, valued at $9,749,111.20. The transaction was disclosed in a authorized submitting with the SEC, which is on the market on the SEC web site. Additionally, Director Amy B. Lane purchased 1,000 shares of the enterprise’s inventory in a transaction on Monday, February sixth. The inventory was purchased at a mean value of $74.86 per share, for a complete transaction of $74,860.00. After the acquisition, the director now owns 41,277 shares within the firm with a worth of three,089,996.22 {dollars}. The details about this buy will be discovered right here. Insiders have bought a complete of 18,872 shares of firm inventory valued at $1,417,721 within the final quarter. Insiders personal 0.38% of the corporate’s shares.

About NextEra Power

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NextEra Power, Inc. engaged within the provide of renewable power. It operates by the next segments: FPL and NEER. The FPL section entails the technology, transmission, distribution and sale of electrical power in Florida. The NEER section produces electrical energy from clear and renewable sources, together with wind and photo voltaic.

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This instantaneous information alert was generated by narrative science know-how and monetary knowledge from MarketBeat to supply readers with the quickest and most correct reporting. This story was reviewed by MarketBeat editorial employees previous to publication. Please ship questions or feedback about this story to contact@marketbeat.com.

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