Park National Corp OH increased its position in shares of NextEra Energy Inc (NYSE:NEE) by 252.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,924 shares of the utilities provider’s stock after buying an additional 27,153 shares during the quarter. Park National Corp OH’s holdings in NextEra Energy were worth $6,335,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in NEE. Mackenzie Financial Corp raised its position in shares of NextEra Energy by 1,146.2% during the 4th quarter. Mackenzie Financial Corp now owns 26,955 shares of the utilities provider’s stock valued at $4,210,000 after buying an additional 24,792 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at approximately $1,657,000. 180 Wealth Advisors LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at approximately $259,000. Bluestein R H & Co. raised its position in shares of NextEra Energy by 602.9% during the 4th quarter. Bluestein R H & Co. now owns 21,720 shares of the utilities provider’s stock valued at $3,392,000 after buying an additional 18,630 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of NextEra Energy by 1.0% during the 4th quarter. Alliancebernstein L.P. now owns 2,664,040 shares of the utilities provider’s stock valued at $416,096,000 after buying an additional 26,147 shares during the period. 75.92% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on NEE shares. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $182.00 price target on the stock. in a research report on Wednesday, April 11th. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $170.00 to $171.00 and gave the company an “overweight” rating in a research report on Thursday, April 26th. Morgan Stanley cut their target price on NextEra Energy from $170.00 to $168.00 and set an “overweight” rating on the stock in a research report on Thursday, March 8th. KeyCorp boosted their target price on NextEra Energy from $165.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, April 18th. Finally, ValuEngine raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $170.64.
NextEra Energy traded up $1.98, reaching $169.01, on Monday, according to Marketbeat Ratings. The stock had a trading volume of 1,611,000 shares, compared to its average volume of 2,108,813. The firm has a market cap of $78.64 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 2.50 and a beta of 0.29. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.78. NextEra Energy Inc has a 12-month low of $138.00 and a 12-month high of $169.53.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 24th. The utilities provider reported $1.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.16. The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $4.15 billion. NextEra Energy had a net margin of 48.13% and a return on equity of 10.91%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.75 earnings per share. analysts anticipate that NextEra Energy Inc will post 7.73 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Tuesday, June 5th were paid a $1.11 dividend. The ex-dividend date of this dividend was Monday, June 4th. This represents a $4.44 annualized dividend and a dividend yield of 2.63%. NextEra Energy’s dividend payout ratio (DPR) is 66.27%.
In other NextEra Energy news, Director Eric E. Silagy sold 11,114 shares of the business’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $160.82, for a total value of $1,787,353.48. Following the completion of the transaction, the director now owns 25,898 shares in the company, valued at $4,164,916.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 8,336 shares of the business’s stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $157.15, for a total transaction of $1,310,002.40. Following the completion of the transaction, the chief executive officer now owns 77,139 shares of the company’s stock, valued at approximately $12,122,393.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 118,939 shares of company stock valued at $18,698,946. Insiders own 0.55% of the company’s stock.
NextEra Energy Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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