ZWJ Investment Counsel Inc. grew its stake in NextEra Energy Inc (NYSE:NEE) by 8.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,497 shares of the utilities provider’s stock after buying an additional 115 shares during the period. ZWJ Investment Counsel Inc.’s holdings in NextEra Energy were worth $307,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of NEE. First Manhattan Co. grew its position in NextEra Energy by 2.1% during the first quarter. First Manhattan Co. now owns 4,510 shares of the utilities provider’s stock valued at $872,000 after buying an additional 93 shares during the period. Great Lakes Advisors LLC grew its position in shares of NextEra Energy by 18.4% in the first quarter. Great Lakes Advisors LLC now owns 10,653 shares of the utilities provider’s stock valued at $2,059,000 after purchasing an additional 1,652 shares during the period. Pictet Asset Management Ltd. grew its position in shares of NextEra Energy by 23.6% in the first quarter. Pictet Asset Management Ltd. now owns 2,021,758 shares of the utilities provider’s stock valued at $390,846,000 after purchasing an additional 385,763 shares during the period. Wetherby Asset Management Inc. grew its position in shares of NextEra Energy by 14.4% in the first quarter. Wetherby Asset Management Inc. now owns 9,052 shares of the utilities provider’s stock valued at $1,750,000 after purchasing an additional 1,142 shares during the period. Finally, Parallel Advisors LLC grew its position in shares of NextEra Energy by 9.6% in the first quarter. Parallel Advisors LLC now owns 11,428 shares of the utilities provider’s stock valued at $2,210,000 after purchasing an additional 1,002 shares during the period. 75.86% of the stock is owned by institutional investors and hedge funds.
NEE stock traded down $1.47 during trading on Monday, reaching $209.94. 696,788 shares of the stock were exchanged, compared to its average volume of 1,520,264. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. The stock has a 50 day simple moving average of $207.91. NextEra Energy Inc has a 1 year low of $164.25 and a 1 year high of $213.23. The stock has a market cap of $101.29 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 3.16 and a beta of 0.22.
NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.07. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The company had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same period in the previous year, the firm earned $2.08 earnings per share. NextEra Energy’s quarterly revenue was up 22.3% compared to the same quarter last year. Sell-side analysts expect that NextEra Energy Inc will post 8.36 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 29th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Wednesday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is 64.94%.
Several analysts have recently issued reports on the stock. Barclays reiterated a “buy” rating and issued a $218.00 target price on shares of NextEra Energy in a research report on Wednesday, June 19th. KeyCorp assumed coverage on shares of NextEra Energy in a research report on Tuesday, June 4th. They issued an “overweight” rating and a $225.00 target price on the stock. Morgan Stanley lifted their target price on shares of NextEra Energy from $207.00 to $209.00 and gave the company an “overweight” rating in a research report on Friday, June 21st. Guggenheim raised their price target on shares of NextEra Energy from $205.00 to $223.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Finally, Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $210.50.
In related news, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $202.90, for a total value of $324,640.00. Following the completion of the transaction, the director now owns 18,315 shares in the company, valued at $3,716,113.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph T. Kelliher sold 5,741 shares of NextEra Energy stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $207.26, for a total transaction of $1,189,879.66. Following the completion of the transaction, the executive vice president now owns 37,235 shares of the company’s stock, valued at approximately $7,717,326.10. The disclosure for this sale can be found here. Insiders sold a total of 101,300 shares of company stock worth $20,217,711 over the last three months. Insiders own 0.48% 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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