Westpac Banking Corp decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 93.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,954 shares of the utilities provider’s stock after selling 775,694 shares during the quarter. Westpac Banking Corp’s holdings in NextEra Energy were worth $7,000,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Fox Run Management L.L.C. acquired a new stake in NextEra Energy during the 2nd quarter valued at $1,289,000. Salem Investment Counselors Inc. lifted its holdings in shares of NextEra Energy by 12.7% during the first quarter. Salem Investment Counselors Inc. now owns 9,001 shares of the utilities provider’s stock worth $1,154,000 after buying an additional 1,012 shares in the last quarter. NGAM Advisors L.P. lifted its holdings in shares of NextEra Energy by 8.9% during the second quarter. NGAM Advisors L.P. now owns 63,026 shares of the utilities provider’s stock worth $8,832,000 after buying an additional 5,175 shares in the last quarter. Capital One National Association lifted its holdings in shares of NextEra Energy by 30.9% during the second quarter. Capital One National Association now owns 21,617 shares of the utilities provider’s stock worth $3,030,000 after buying an additional 5,099 shares in the last quarter. Finally, M. Kraus & Co lifted its holdings in shares of NextEra Energy by 4.7% during the second quarter. M. Kraus & Co now owns 35,026 shares of the utilities provider’s stock worth $4,908,000 after buying an additional 1,568 shares in the last quarter. 75.39% of the stock is owned by institutional investors and hedge funds.
In other NextEra Energy news, EVP John W. Ketchum sold 2,900 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $150.00, for a total value of $435,000.00. Following the transaction, the executive vice president now directly owns 18,786 shares in the company, valued at approximately $2,817,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 30,485 shares of the company’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $146.56, for a total value of $4,467,881.60. Following the completion of the transaction, the executive vice president now owns 78,167 shares in the company, valued at $11,456,155.52. The disclosure for this sale can be found here. Insiders sold a total of 65,385 shares of company stock worth $9,614,382 over the last 90 days. Corporate insiders own 0.53% of the company’s stock.
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NextEra Energy, Inc. (NYSE NEE) opened at 155.84 on Friday. The firm has a 50-day moving average price of $149.37 and a 200-day moving average price of $143.23. The company has a market cap of $73.13 billion, a PE ratio of 17.85 and a beta of 0.31. NextEra Energy, Inc. has a 52-week low of $110.49 and a 52-week high of $156.80.
NextEra Energy (NYSE:NEE) last announced its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.74 EPS. On average, analysts forecast that NextEra Energy, Inc. will post $6.76 EPS for the current year.
The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a yield of 2.52%. NextEra Energy’s dividend payout ratio is currently 44.16%.
A number of equities research analysts have recently weighed in on NEE shares. KeyCorp reissued a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a report on Friday, September 1st. Morgan Stanley lifted their target price on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. BidaskClub downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Finally, J P Morgan Chase & Co started coverage on NextEra Energy in a report on Thursday, September 7th. They set an “overweight” rating and a $173.00 target price for the company. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. NextEra Energy currently has a consensus rating of “Buy” and an average target price 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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