Wesbanco Bank Inc. cut its position in NextEra Energy, Inc. (NYSE:NEE) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,091 shares of the utilities provider’s stock after selling 1,020 shares during the quarter. Wesbanco Bank Inc.’s holdings in NextEra Energy were worth $7,860,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Hanson McClain Inc. boosted its position in shares of NextEra Energy by 6.0% during the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 43 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of NextEra Energy by 8.9% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 71 shares in the last quarter. Highstreet Asset Management Inc. purchased a new stake in shares of NextEra Energy in the 2nd quarter valued at about $134,000. First Interstate Bank lifted its holdings in shares of NextEra Energy by 1.3% in the 2nd quarter. First Interstate Bank now owns 1,259 shares of the utilities provider’s stock valued at $176,000 after purchasing an additional 16 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. raised its stake in NextEra Energy by 12.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,395 shares of the utilities provider’s stock valued at $195,000 after acquiring an additional 149 shares during the last quarter. 75.39% of the stock is owned by hedge funds and other institutional investors.
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In other NextEra Energy news, EVP Joseph T. Kelliher sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total transaction of $4,411,500.00. The disclosure for this sale can be found here. Insiders sold a total of 65,385 shares of company stock valued at $9,614,382 in the last quarter. Corporate insiders own 0.53% of the company’s stock.
NextEra Energy, Inc. (NYSE:NEE) opened at 153.39 on Friday. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $156.00. The stock has a market capitalization of $71.98 billion, a price-to-earnings ratio of 17.57 and a beta of 0.31. The company has a 50 day moving average price of $149.37 and a 200 day moving average price of $143.23.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.08. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The business had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the previous year, the company earned $1.74 EPS. The business’s revenue was up .1% on a year-over-year basis. Equities research analysts predict that NextEra Energy, Inc. will post $6.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a $0.9825 dividend. This represents a $3.93 annualized dividend and a yield of 2.56%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is 45.02%.
A number of research firms recently weighed in on NEE. Morgan Stanley upped their price target on NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. Royal Bank Of Canada restated an “outperform” rating and issued a $147.00 price target (up previously from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. JPMorgan Chase & Co. initiated coverage on NextEra Energy in a report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price target on the stock. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, KeyCorp reiterated a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a report on Thursday, October 12th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $154.69.
NextEra Energy Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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