Brown Brothers Harriman & Co. lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,567 shares of the utilities provider’s stock after acquiring an additional 759 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in NextEra Energy were worth $921,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of NEE. Hillsdale Investment Management Inc. bought a new position in shares of NextEra Energy during the second quarter valued at approximately $32,000. Pinz Capital Management LP acquired a new stake in NextEra Energy in the first quarter valued at approximately $37,000. SRS Capital Advisors Inc. acquired a new stake in NextEra Energy in the second quarter valued at approximately $39,000. Disciplined Investments LLC boosted its stake in NextEra Energy by 35.0% in the second quarter. Disciplined Investments LLC now owns 540 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 140 shares in the last quarter. Finally, Close Asset Management Ltd boosted its stake in NextEra Energy by 90.0% in the second quarter. Close Asset Management Ltd now owns 570 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 270 shares in the last quarter. 74.67% of the stock is currently owned by institutional investors and hedge funds.
NEE has been the subject of several research reports. Morgan Stanley lowered their price objective on shares of NextEra Energy from $80.00 to $79.00 and set an “equal weight” rating for the company in a research note on Friday, September 17th. Credit Suisse Group initiated coverage on shares of NextEra Energy in a research note on Wednesday, July 14th. They set an “outperform” rating and a $85.00 price objective for the company. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $85.25.
NEE opened at $80.19 on Thursday. NextEra Energy, Inc. has a fifty-two week low of $68.33 and a fifty-two week high of $87.69. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.38 and a current ratio of 0.48. The company has a fifty day moving average of $82.50 and a two-hundred day moving average of $77.91. The stock has a market capitalization of $157.29 billion, a price-to-earnings ratio of 50.28, a PEG ratio of 4.05 and a beta of 0.19.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Thursday, July 22nd. The utilities provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. NextEra Energy had a net margin of 18.69% and a return on equity of 10.84%. The company had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $4.91 billion. During the same quarter in the previous year, the company earned $2.61 earnings per share. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, equities research analysts forecast that NextEra Energy, Inc. will post 2.52 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Friday, August 27th were issued a $0.385 dividend. The ex-dividend date was Thursday, August 26th. This represents a $1.54 dividend on an annualized basis and a yield of 1.92%. NextEra Energy’s payout ratio is 66.67%.
NextEra Energy Company Profile
NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL & NEER. The FPL segment engages primarily in the generation, transmission, distribution and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.
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