Tandem Investment Advisors Inc. increased its position in shares of NextEra Energy Inc (NYSE:NEE) by 3.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,615 shares of the utilities provider’s stock after purchasing an additional 1,275 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in NextEra Energy were worth $5,949,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Gables Capital Management Inc. acquired a new position in shares of NextEra Energy in the first quarter worth $105,000. Centersquare Investment Management LLC acquired a new position in shares of NextEra Energy in the first quarter worth $150,000. Stelac Advisory Services LLC acquired a new position in shares of NextEra Energy in the first quarter worth $151,000. Aristotle Capital Management LLC acquired a new position in shares of NextEra Energy in the first quarter worth $152,000. Finally, Bray Capital Advisors acquired a new position in shares of NextEra Energy in the first quarter worth $184,000. 75.92% of the stock is owned by hedge funds and other institutional investors.
In other NextEra Energy news, CEO James L. Robo sold 18,000 shares of the business’s stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $156.85, for a total transaction of $2,823,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Armando Pimentel, Jr. sold 8,336 shares of the business’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $157.15, for a total value of $1,310,002.40. Following the sale, the chief executive officer now directly 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 ninety days, insiders sold 118,939 shares of company stock valued at $18,698,946. Company insiders own 0.55% of the company’s stock.
Shares of NYSE:NEE traded down $0.57 during midday trading on Thursday, reaching $167.99. The company’s stock had a trading volume of 164,373 shares, compared to its average volume of 1,977,242. The company has a market cap of $79.36 billion, a P/E ratio of 25.02, a P/E/G ratio of 2.53 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 1 year low of $138.00 and a 1 year high of $169.53.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 24th. The utilities provider reported $1.94 EPS for the quarter, beating the Zacks’ 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 return on equity of 10.91% and a net margin of 48.13%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.75 earnings per share. sell-side analysts expect that NextEra Energy Inc will post 7.73 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Tuesday, June 5th were given a $1.11 dividend. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Monday, June 4th. NextEra Energy’s dividend payout ratio is currently 66.27%.
A number of equities analysts have recently weighed in on the company. ValuEngine cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. KeyCorp boosted their price target on NextEra Energy from $165.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, April 18th. Morgan Stanley cut their price target on NextEra Energy from $172.00 to $169.00 and set an “overweight” rating for the company in a report on Wednesday, June 13th. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating and set a $182.00 price target for the company. in a report on Wednesday, April 11th. Finally, JPMorgan Chase & Co. boosted their price target on NextEra Energy from $170.00 to $171.00 and gave the stock an “overweight” rating in a report on Thursday, April 26th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $170.64.
About NextEra Energy
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.
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.