Signature Estate & Investment Advisors LLC raised its stake in NextEra Energy Inc (NYSE:NEE) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,830 shares of the utilities provider’s stock after buying an additional 486 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in NextEra Energy were worth $4,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. TRUE Private Wealth Advisors purchased a new stake in NextEra Energy in the 2nd quarter valued at about $25,000. Manchester Financial Inc. bought a new stake in shares of NextEra Energy in the 2nd quarter valued at about $26,000. Mackey Komara & Dankovich LLC raised its holdings in shares of NextEra Energy by 446.4% in the 2nd quarter. Mackey Komara & Dankovich LLC now owns 765 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 625 shares in the last quarter. Ellis Investment Partners LLC bought a new stake in shares of NextEra Energy in the 1st quarter valued at about $32,000. Finally, Legacy Advisors LLC raised its holdings in shares of NextEra Energy by 1,000.0% in the 2nd quarter. Legacy Advisors LLC now owns 165 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 150 shares in the last quarter. 75.76% of the stock is owned by institutional investors.
Shares of NYSE NEE traded up $1.40 during trading hours on Thursday, hitting $216.36. 116,729 shares of the stock were exchanged, compared to its average volume of 1,556,911. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.42 and a current ratio of 0.52. The firm has a market capitalization of $103.21 billion, a P/E ratio of 28.14, a PEG ratio of 3.22 and a beta of 0.22. The firm’s fifty day simple moving average is $209.64. NextEra Energy Inc has a 12 month low of $164.25 and a 12 month high of $217.98.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $2.35 EPS for the quarter, topping the consensus estimate of $2.28 by $0.07. The firm had revenue of $4.97 billion during the quarter, compared to analyst estimates of $4.68 billion. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. NextEra Energy’s revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.08 EPS. Research analysts predict that NextEra Energy Inc will post 8.38 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 29th will be paid a dividend of $1.25 per share. The ex-dividend date is Wednesday, August 28th. This represents a $5.00 annualized dividend and a dividend yield of 2.31%. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.
Several equities research analysts have recently commented on NEE shares. Bank of America boosted their price target on shares of NextEra Energy from $215.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Morgan Stanley boosted their price target on shares of NextEra Energy from $207.00 to $234.00 and gave the company an “overweight” rating in a report on Tuesday. Credit Suisse Group boosted their price target on shares of NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Guggenheim boosted their price target on shares of NextEra Energy from $205.00 to $223.00 and gave the company a “buy” rating in a report on Monday, June 24th. Finally, UBS Group boosted their price target on shares of NextEra Energy from $225.00 to $236.00 and gave the company a “buy” rating in a report on Friday, June 7th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $214.46.
In related news, EVP Charles E. Sieving sold 16,446 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.08, for a total transaction of $3,290,515.68. Following the completion of the transaction, the executive vice president now owns 67,900 shares in the company, valued at approximately $13,585,432. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James L. Robo sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $204.86, for a total transaction of $3,072,900.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,787 shares of company stock valued at $10,945,435. 0.48% of the stock is currently owned by company insiders.
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.
Featured Article: Earnings Reports
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.