Douglas Lane & Associates LLC decreased its stake in shares of NextEra Energy Inc. (NYSE:NEE) by 26.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,777 shares of the company’s stock after selling 976 shares during the period. Douglas Lane & Associates LLC’s holdings in NextEra Energy were worth $362,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Cornerstone Advisors Inc. boosted its position in shares of NextEra Energy by 0.4% in the second quarter. Cornerstone Advisors Inc. now owns 1,627 shares of the company’s stock valued at $212,000 after buying an additional 7 shares during the last quarter. MCF Advisors LLC boosted its position in shares of NextEra Energy by 0.7% in the first quarter. MCF Advisors LLC now owns 1,817 shares of the company’s stock valued at $215,000 after buying an additional 12 shares during the last quarter. Cohen Lawrence B boosted its position in shares of NextEra Energy by 0.8% in the second quarter. Cohen Lawrence B now owns 3,002 shares of the company’s stock valued at $391,000 after buying an additional 25 shares during the last quarter. Dodge & Cox boosted its position in shares of NextEra Energy by 0.3% in the first quarter. Dodge & Cox now owns 11,030 shares of the company’s stock valued at $1,305,000 after buying an additional 30 shares during the last quarter. Finally, Advisor Partners LLC boosted its position in shares of NextEra Energy by 0.4% in the first quarter. Advisor Partners LLC now owns 10,588 shares of the company’s stock valued at $1,253,000 after buying an additional 42 shares during the last quarter. Institutional investors own 74.52% of the company’s stock.
NextEra Energy Inc. (NYSE:NEE) traded down 1.00% on Friday, hitting $126.75. 2,452,134 shares of the company were exchanged. The stock has a 50 day moving average price of $124.45 and a 200 day moving average price of $122.27. The firm has a market cap of $58.55 billion, a price-to-earnings ratio of 22.68 and a beta of 0.33. NextEra Energy Inc. has a one year low of $95.84 and a one year high of $131.98.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. NextEra Energy had a net margin of 15.36% and a return on equity of 11.82%. The company earned $3.82 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the prior year, the firm earned $1.56 earnings per share. The firm’s revenue was down 12.4% compared to the same quarter last year. On average, equities research analysts forecast that NextEra Energy Inc. will post $6.20 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Friday, August 26th. NextEra Energy’s dividend payout ratio is 62.59%.
Several equities analysts have recently commented on the stock. Mizuho increased their price target on shares of NextEra Energy from $125.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday, July 18th. Zacks Investment Research cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Friday, July 22nd. BMO Capital Markets reaffirmed a “buy” rating and set a $135.00 price target on shares of NextEra Energy in a research report on Thursday, July 28th. Morgan Stanley assumed coverage on shares of NextEra Energy in a research report on Wednesday, June 29th. They set a “hold” rating and a $146.00 price target on the stock. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $123.00 price target on shares of NextEra Energy in a research report on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of C$128.94.
In related news, VP Chris N. Froggatt sold 16,467 shares of the stock in a transaction on Friday, July 29th. The shares were sold at an average price of C$127.61, for a total transaction of C$2,101,353.87. Following the completion of the transaction, the vice president now owns 22,916 shares in the company, valued at C$2,924,310.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Paul I. Cutler sold 4,796 shares of the stock in a transaction on Thursday, June 30th. The stock was sold at an average price of C$130.00, for a total transaction of C$623,480.00. Following the transaction, the treasurer now owns 69,977 shares of the company’s stock, valued at approximately C$9,097,010. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.