Benedict Financial Advisors Inc. increased its stake in NextEra Energy Inc. (NYSE:NEE) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,638 shares of the company’s stock after buying an additional 54 shares during the period. Benedict Financial Advisors Inc.’s holdings in NextEra Energy were worth $731,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in NextEra Energy by 56.3% in the second quarter. BNP Paribas Arbitrage SA now owns 153,197 shares of the company’s stock valued at $19,977,000 after buying an additional 55,179 shares in the last quarter. Citizens Financial Group Inc RI raised its position in NextEra Energy by 2.7% in the first quarter. Citizens Financial Group Inc RI now owns 98,804 shares of the company’s stock valued at $11,693,000 after buying an additional 2,604 shares in the last quarter. Arizona State Retirement System raised its position in NextEra Energy by 3.2% in the first quarter. Arizona State Retirement System now owns 207,944 shares of the company’s stock valued at $24,608,000 after buying an additional 6,500 shares in the last quarter. Lebenthal Asset Management LLC bought a new position in NextEra Energy during the first quarter valued at about $530,000. Finally, FDO Partners LLC bought a new position in NextEra Energy during the first quarter valued at about $219,000. 74.51% of the stock is owned by hedge funds and other institutional investors.
NextEra Energy Inc. (NYSE:NEE) traded down 1.12% on Friday, reaching $122.32. The company had a trading volume of 3,063,794 shares. The stock has a market capitalization of $56.51 billion, a P/E ratio of 21.89 and a beta of 0.33. NextEra Energy Inc. has a 1-year low of $96.19 and a 1-year high of $131.98. The stock’s 50 day moving average is $124.41 and its 200-day moving average is $122.56.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 27th. The company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.10. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. The company earned $3.82 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same period last year, the business posted $1.56 earnings per share. The firm’s revenue was down 12.4% compared to the same quarter last year. On average, equities analysts predict that NextEra Energy Inc. will post $6.20 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, August 30th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Friday, August 26th. NextEra Energy’s dividend payout ratio (DPR) is presently 62.59%.
Several research firms have recently issued reports on NEE. KeyCorp reaffirmed an “outperform” rating and issued a $134.00 price target (up previously from $126.00) on shares of NextEra Energy in a research report on Tuesday, July 5th. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Tuesday, July 5th. Morgan Stanley assumed coverage on NextEra Energy in a report on Wednesday, June 29th. They issued a “hold” rating and a $146.00 price objective for the company. Deutsche Bank AG downgraded NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price objective for the company. in a report on Friday, September 23rd. Finally, Mizuho lifted their price objective on NextEra Energy from $125.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$129.26.
In other news, VP Chris N. Froggatt sold 16,467 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was 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 directly owns 22,916 shares in the company, valued at C$2,924,310.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.66% of the stock is owned by company 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.
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.