Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its position in shares of NextEra Energy Inc (NYSE:NEE) by 13.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,884 shares of the utilities provider’s stock after selling 585 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in NextEra Energy were worth $651,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of NEE. Capital Advisors Ltd. LLC lifted its stake in shares of NextEra Energy by 323.5% during the third quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 495 shares during the period. Braun Bostich & Associates Inc. lifted its stake in shares of NextEra Energy by 492.5% during the second quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock valued at $144,000 after acquiring an additional 719 shares during the period. Howe & Rusling Inc. lifted its stake in shares of NextEra Energy by 70.5% during the second quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock valued at $151,000 after acquiring an additional 373 shares during the period. Marshall & Sullivan Inc. WA acquired a new position in shares of NextEra Energy during the second quarter valued at $167,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of NextEra Energy during the third quarter valued at $168,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 price target on the stock in a research note on Wednesday, August 8th. Royal Bank of Canada upped their price target on NextEra Energy to $186.00 and gave the company an “outperform” rating in a research note on Thursday. Howard Weil assumed coverage on NextEra Energy in a research note on Tuesday, July 24th. They set a “sector perform” rating on the stock. Morgan Stanley upped their price target on NextEra Energy from $181.00 to $186.00 and gave the company a “buy” rating in a research note on Tuesday, September 11th. Finally, Barclays started coverage on NextEra Energy in a research note on Tuesday, July 10th. They issued an “equal weight” rating and a $182.00 target price on the stock. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $174.62.
NYSE:NEE opened at $170.47 on Friday. NextEra Energy Inc has a 1-year low of $145.10 and a 1-year high of $176.82. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $82.95 billion, a price-to-earnings ratio of 25.44, a P/E/G ratio of 2.67 and a beta of 0.20.
NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.03. NextEra Energy had a return on equity of 10.21% and a net margin of 51.25%. The firm had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same quarter in the prior year, the firm posted $1.85 earnings per share. The company’s quarterly revenue was down 8.1% on a year-over-year basis. Research analysts anticipate that NextEra Energy Inc will post 7.76 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be paid a $1.11 dividend. This represents a $4.44 annualized dividend and a yield of 2.60%. The ex-dividend date is Thursday, November 29th. NextEra Energy’s payout ratio is 66.27%.
In other news, CEO Eric E. Silagy sold 17,000 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $171.91, for a total transaction of $2,922,470.00. Following the sale, the chief executive officer now owns 42,898 shares of the company’s stock, valued at $7,374,595.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Treasurer Paul I. Cutler sold 11,016 shares of the firm’s stock in a transaction dated Wednesday, October 10th. The stock was sold at an average price of $175.08, for a total value of $1,928,681.28. Following the sale, the treasurer now directly owns 102,291 shares in the company, valued at approximately $17,909,108.28. The disclosure for this sale can be found here. Insiders sold 74,024 shares of company stock worth $12,742,375 in the last three months. 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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