Vanguard Group Inc. boosted its holdings in NextEra Energy Inc (NYSE:NEE) by 1.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,282,619 shares of the utilities provider’s stock after purchasing an additional 573,923 shares during the quarter. Vanguard Group Inc. owned approximately 9.03% of NextEra Energy worth $8,866,878,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in NextEra Energy by 5.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 356,876 shares of the utilities provider’s stock worth $73,110,000 after purchasing an additional 18,979 shares during the period. Atlantic Trust LLC boosted its position in shares of NextEra Energy by 9.8% during the 2nd quarter. Atlantic Trust LLC now owns 12,572 shares of the utilities provider’s stock valued at $2,576,000 after acquiring an additional 1,123 shares during the last quarter. Evercore Wealth Management LLC boosted its position in shares of NextEra Energy by 8.3% during the 2nd quarter. Evercore Wealth Management LLC now owns 17,361 shares of the utilities provider’s stock valued at $3,557,000 after acquiring an additional 1,327 shares during the last quarter. Great Lakes Advisors LLC boosted its position in shares of NextEra Energy by 18.4% during the 1st quarter. Great Lakes Advisors LLC now owns 10,653 shares of the utilities provider’s stock valued at $2,059,000 after acquiring an additional 1,652 shares during the last quarter. Finally, Mirova boosted its position in shares of NextEra Energy by 1,657.8% during the 2nd quarter. Mirova now owns 144,407 shares of the utilities provider’s stock valued at $29,583,000 after acquiring an additional 136,192 shares during the last quarter. Institutional investors and hedge funds own 76.09% of the company’s stock.
NYSE:NEE traded up $2.17 during midday trading on Tuesday, hitting $220.48. 107,878 shares of the company traded hands, compared to its average volume of 2,253,137. The firm’s fifty day moving average is $217.31 and its 200-day moving average is $202.64. NextEra Energy Inc has a 12-month low of $164.25 and a 12-month high of $225.96. The firm has a market capitalization of $104.68 billion, a P/E ratio of 28.65, a P/E/G ratio of 3.26 and a beta of 0.19. 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 released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.07. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The company had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same quarter in the prior year, the firm posted $2.08 EPS. NextEra Energy’s quarterly revenue was up 22.3% compared to the same quarter last year. On average, research analysts expect that NextEra Energy Inc will post 8.38 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 29th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $5.00 annualized dividend and a yield of 2.27%. NextEra Energy’s payout ratio is presently 64.94%.
In other NextEra Energy news, CEO John W. Ketchum sold 15,000 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $204.50, for a total value of $3,067,500.00. Following the sale, the chief executive officer now owns 21,137 shares in the company, valued at $4,322,516.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Sherry S. Barrat sold 4,700 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $218.57, for a total value of $1,027,279.00. The disclosure for this sale can be found here. Insiders have sold a total of 97,853 shares of company stock worth $21,215,994 in the last 90 days. 0.48% of the stock is currently owned by insiders.
A number of research firms have recently commented on NEE. Wells Fargo & Co set a $240.00 target price on NextEra Energy and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Barclays downgraded NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 target price for the company. in a research report on Tuesday, August 13th. Credit Suisse Group increased their target price on NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. KeyCorp began coverage on NextEra Energy in a research report on Tuesday, June 4th. They set an “overweight” rating and a $225.00 target price for the company. Finally, Morgan Stanley set a $233.00 target price on NextEra Energy and gave the company a “buy” rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $217.77.
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.
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