ST Germain D J Co. Inc. increased its stake in NextEra Energy Inc (NYSE:NEE) by 5.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,627 shares of the utilities provider’s stock after purchasing an additional 295 shares during the quarter. ST Germain D J Co. Inc.’s holdings in NextEra Energy were worth $1,153,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. Greenleaf Trust boosted its holdings in NextEra Energy by 0.5% in the second quarter. Greenleaf Trust now owns 21,944 shares of the utilities provider’s stock worth $4,495,000 after purchasing an additional 104 shares during the last quarter. Logan Capital Management Inc. boosted its holdings in NextEra Energy by 8.4% in the second quarter. Logan Capital Management Inc. now owns 22,296 shares of the utilities provider’s stock worth $4,568,000 after purchasing an additional 1,725 shares during the last quarter. Westside Investment Management Inc. purchased a new stake in NextEra Energy in the second quarter worth approximately $53,000. Duncker Streett & Co. Inc. boosted its holdings in NextEra Energy by 7.8% in the second quarter. Duncker Streett & Co. Inc. now owns 1,387 shares of the utilities provider’s stock worth $284,000 after purchasing an additional 100 shares during the last quarter. Finally, CRA Financial Services LLC raised its position in NextEra Energy by 6.8% in the second quarter. CRA Financial Services LLC now owns 6,381 shares of the utilities provider’s stock worth $1,307,000 after acquiring an additional 404 shares during the period. Institutional investors own 75.86% of the company’s stock.
Several research analysts have weighed in on NEE shares. Guggenheim increased their price target on shares of NextEra Energy from $205.00 to $223.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Wells Fargo & Co increased their price target on shares of NextEra Energy from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Scotiabank upgraded shares of NextEra Energy from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $187.00 to $202.00 in a research report on Wednesday, May 8th. Morgan Stanley increased their price target on shares of NextEra Energy from $207.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st. Finally, Barclays reiterated a “buy” rating and issued a $218.00 price target on shares of NextEra Energy in a research report on Wednesday, June 19th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $210.50.
In other news, EVP Charles E. Sieving sold 5,916 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $192.20, for a total transaction of $1,137,055.20. Following the sale, the executive vice president now directly owns 51,454 shares in the company, valued at approximately $9,889,458.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $202.90, for a total transaction of $324,640.00. Following the sale, the director now owns 18,315 shares in the company, valued at $3,716,113.50. The disclosure for this sale can be found here. Insiders have sold a total of 107,216 shares of company stock worth $21,354,766 over the last 90 days. Insiders own 0.48% of the company’s stock.
Shares of NEE stock traded up $1.15 on Friday, hitting $211.41. 1,728,162 shares of the stock traded hands, compared to its average volume of 1,520,264. The stock has a market cap of $100.74 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 3.14 and a beta of 0.22. NextEra Energy Inc has a 52 week low of $164.25 and a 52 week high of $213.23. The business has a 50 day moving average price of $207.91. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.88.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $2.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.07. The firm had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $4.68 billion. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The company’s revenue was up 22.3% on a year-over-year basis. During the same period last year, the firm earned $2.08 EPS. Analysts forecast that NextEra Energy Inc will post 8.36 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 29th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $5.00 annualized dividend and a dividend yield of 2.37%. NextEra Energy’s payout ratio is 64.94%.
NextEra Energy Company 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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