Stephens Inc. AR boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,007 shares of the utilities provider’s stock after purchasing an additional 3,147 shares during the period. Stephens Inc. AR’s holdings in NextEra Energy were worth $4,906,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Day & Ennis LLC grew its holdings in shares of NextEra Energy by 0.6% in the 1st quarter. Day & Ennis LLC now owns 2,174 shares of the utilities provider’s stock valued at $279,000 after acquiring an additional 14 shares in the last quarter. Paragon Capital Management LLC grew its holdings in shares of NextEra Energy by 0.3% in the 1st quarter. Paragon Capital Management LLC now owns 5,349 shares of the utilities provider’s stock valued at $686,000 after acquiring an additional 15 shares in the last quarter. Farmers & Merchants Investments Inc. grew its holdings in NextEra Energy by 0.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 4,745 shares of the utilities provider’s stock worth $665,000 after purchasing an additional 15 shares during the period. Whalerock Point Partners LLC grew its holdings in NextEra Energy by 0.3% during the second quarter. Whalerock Point Partners LLC now owns 5,598 shares of the utilities provider’s stock worth $784,000 after purchasing an additional 15 shares during the period. Finally, First Interstate Bank grew its holdings in NextEra Energy by 1.3% during the second quarter. First Interstate Bank now owns 1,259 shares of the utilities provider’s stock worth $176,000 after purchasing an additional 16 shares during the period. Hedge funds and other institutional investors own 75.19% of the company’s stock.
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A number of research firms recently commented on NEE. Bank of America Corporation began coverage on NextEra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price target for the company. Royal Bank of Canada reiterated a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a report on Tuesday. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. KeyCorp reiterated a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co set a $169.00 price target on shares of NextEra Energy and gave the company a “hold” rating in a research report on Thursday, October 12th. Three equities 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 price target of $155.38.
In related news, EVP Joseph T. Kelliher sold 2,000 shares of NextEra Energy stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Charles E. Sieving sold 30,485 shares of NextEra Energy stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total transaction 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 approximately $11,456,155.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,385 shares of company stock worth $9,748,482. Corporate insiders own 0.53% of the company’s stock.
NextEra Energy, Inc. (NYSE:NEE) traded down $0.09 during trading on Friday, hitting $155.16. 1,285,800 shares of the stock traded hands, compared to its average volume of 1,694,813. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61. The stock has a market cap of $73,038.64, a PE ratio of 23.28, a P/E/G ratio of 3.09 and a beta of 0.31. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $156.80.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.08. The firm had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the company posted $1.74 EPS. equities research analysts forecast that NextEra Energy, Inc. will post 6.73 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 44.16%.
NextEra Energy Company 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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