Agran Libbie cut its stake in shares of NextEra Energy Inc. (NYSE:NEE) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 67,936 shares of the company’s stock after selling 1,128 shares during the period. NextEra Energy comprises approximately 2.2% of Agran Libbie’s investment portfolio, making the stock its 11th largest position. Agran Libbie’s holdings in NextEra Energy were worth $8,859,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Cribstone Capital Management LLC bought a new position in NextEra Energy during the second quarter valued at approximately $149,000. Vigilant Capital Management LLC boosted 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 valued at $161,000 after buying an additional 680 shares during the last quarter. Winslow Evans & Crocker Inc. boosted 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 valued at $179,000 after buying an additional 116 shares during the last quarter. Shufro Rose & Co. LLC bought a new position in NextEra Energy during the first quarter valued at approximately $201,000. Finally, Hancock Holding Co. bought a new position in NextEra Energy during the first quarter valued at approximately $202,000. Hedge funds and other institutional investors own 74.51% of the company’s stock.
NextEra Energy Inc. (NYSE:NEE) traded down 1.12% during mid-day trading on Friday, reaching $122.32. The company’s stock had a trading volume of 3,063,794 shares. The firm has a market capitalization of $56.51 billion, a PE ratio of 21.89 and a beta of 0.33. NextEra Energy Inc. has a 12 month low of $96.19 and a 12 month high of $131.98. The stock’s 50-day moving average is $124.28 and its 200-day moving average is $122.60.
NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 27th. The company reported $1.67 EPS 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 the consensus estimate of $4.33 billion. NextEra Energy had a net margin of 15.36% and a return on equity of 11.82%. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.56 earnings per share. On average, equities analysts anticipate that NextEra Energy Inc. will post $6.20 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th were issued a $0.87 dividend. The ex-dividend date was Friday, August 26th. This represents a $3.48 annualized dividend and a dividend yield of 2.84%. NextEra Energy’s dividend payout ratio is currently 62.59%.
Several research analysts recently commented on the company. Mizuho boosted their target price on NextEra Energy from $125.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, July 18th. Zacks Investment Research cut NextEra Energy from a “hold” rating to a “sell” rating in a research note on Friday, July 22nd. BMO Capital Markets reissued a “buy” rating and set a $135.00 target price on shares of NextEra Energy in a research note on Thursday, July 28th. Morgan Stanley assumed coverage on NextEra Energy in a research note on Wednesday, June 29th. They set a “hold” rating and a $146.00 target price for the company. Finally, Goldman Sachs Group Inc. reissued a “conviction-buy” rating on shares of NextEra Energy in a research note on Wednesday, June 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. NextEra Energy currently has an average 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 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 sale, 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 SEC, which is accessible 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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