Artemis Investment Management LLP boosted its position in NextEra Energy Inc. (NYSE:NEE) by 59.8% during the second quarter, Holdings Channel reports. The institutional investor owned 211,103 shares of the company’s stock after buying an additional 79,019 shares during the period. Artemis Investment Management LLP’s holdings in NextEra Energy were worth $27,526,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of NEE. Cribstone Capital Management LLC purchased a new stake in NextEra Energy during the second quarter worth approximately $149,000. Vigilant Capital Management LLC boosted its position in shares of NextEra Energy by 121.9% in the second quarter. Vigilant Capital Management LLC now owns 1,238 shares of the company’s stock worth $161,000 after buying an additional 680 shares during the last quarter. Winslow Evans & Crocker Inc. boosted its position in shares of NextEra Energy by 9.2% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,376 shares of the company’s stock worth $179,000 after buying an additional 116 shares during the last quarter. 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 worth $212,000 after buying an additional 7 shares during the last quarter. Finally, Wagner Bowman Management Corp bought a new position in shares of NextEra Energy during the second quarter worth about $220,000. 74.51% of the stock is currently owned by institutional investors.
Shares of NextEra Energy Inc. (NYSE:NEE) traded down 0.24% during mid-day trading on Wednesday, hitting $126.48. The company’s stock had a trading volume of 1,710,777 shares. NextEra Energy Inc. has a 1-year low of $95.84 and a 1-year high of $131.98. The company has a 50-day moving average price of $124.49 and a 200-day moving average price of $122.55. The stock has a market cap of $58.43 billion, a PE ratio of 22.63 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.10. The company earned $3.82 billion during the quarter, compared to analysts’ expectations of $4.33 billion. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. NextEra Energy’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.56 EPS. Analysts predict 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 issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.75%. The ex-dividend date was Friday, August 26th. NextEra Energy’s payout ratio is 62.59%.
A number of brokerages recently issued reports on NEE. Deutsche Bank AG restated a “buy” rating and issued a $123.00 target price on shares of NextEra Energy in a report on Wednesday, June 1st. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Bank of America Corp. restated a “buy” rating and issued a $149.00 target price on shares of NextEra Energy in a report on Tuesday. Goldman Sachs Group Inc. restated a “conviction-buy” rating on shares of NextEra Energy in a report on Wednesday, June 8th. Finally, Argus restated a “buy” rating and issued a $134.00 target price (up from $128.00) on shares of NextEra Energy in a report on Tuesday, June 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. NextEra Energy currently has an average rating of “Buy” and a consensus price target of C$129.26.
In other news, Treasurer Paul I. Cutler sold 4,796 shares of the firm’s stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of C$130.00, for a total value of C$623,480.00. Following the completion of the transaction, the treasurer now owns 69,977 shares in the company, valued at approximately C$9,097,010. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Chris N. Froggatt sold 16,467 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of C$127.61, for a total value of C$2,101,353.87. Following the completion of the transaction, the vice president now owns 22,916 shares of the company’s stock, valued at approximately C$2,924,310.76. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.
About NextEra Energy
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.
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