First National Trust Co. reduced its position in shares of NextEra Energy Inc. (NYSE:NEE) by 4.7% during the second quarter, Holdings Channel reports. The firm owned 32,373 shares of the company’s stock after selling 1,586 shares during the period. First National Trust Co.’s holdings in NextEra Energy were worth $4,221,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cribstone Capital Management LLC purchased a new position in NextEra Energy during the second quarter worth approximately $149,000. Vigilant Capital Management LLC raised its position in 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 period. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in NextEra Energy during the second quarter worth approximately $176,000. Winslow Evans & Crocker Inc. raised its position in 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 period. Finally, Cornerstone Advisors Inc. raised its position in 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 period. Hedge funds and other institutional investors own 74.51% of the company’s stock.
Shares of NextEra Energy Inc. (NYSE:NEE) traded down 1.12% on Friday, reaching $122.32. 3,063,794 shares of the company traded hands. NextEra Energy Inc. has a one year low of $96.19 and a one year high of $131.98. The firm has a 50-day moving average price of $124.41 and a 200 day moving average price of $122.56. The company has a market capitalization of $56.51 billion, a PE ratio of 21.89 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 27th. The company reported $1.67 EPS for the quarter, topping the 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 business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the company earned $1.56 EPS. The firm’s revenue was down 12.4% compared to the same quarter last year. Equities analysts forecast that NextEra Energy Inc. will post $6.20 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, August 30th were given a dividend of $0.87 per share. The ex-dividend date was Friday, August 26th. This represents a $3.48 annualized dividend and a yield of 2.84%. NextEra Energy’s dividend payout ratio is presently 62.59%.
A number of brokerages have recently issued reports on NEE. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Bank of America Corp. reiterated a “buy” rating and set a $149.00 target price on shares of NextEra Energy in a research report on Tuesday. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of NextEra Energy in a research report on Wednesday, June 8th. Argus reiterated a “buy” rating and set a $134.00 target price (up from $128.00) on shares of NextEra Energy in a research report on Tuesday, June 7th. Finally, Mizuho reiterated a “buy” rating and set a $138.00 target price on shares of NextEra Energy in a research report on Tuesday, August 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$129.26.
In other news, VP Chris N. Froggatt sold 16,467 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president now owns 22,916 shares in the company, valued at approximately C$2,924,310.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.66% of the stock is currently 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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