Burke & Herbert Bank & Trust Co. increased its stake in NextEra Energy Inc. (NYSE:NEE) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,458 shares of the company’s stock after buying an additional 237 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in NextEra Energy were worth $712,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in NEE. Cornerstone Advisors Inc. increased 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 valued at $212,000 after buying an additional 7 shares during the period. MCF Advisors LLC boosted its stake 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 in the last quarter. Cohen Lawrence B boosted its stake 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 in the last quarter. Dodge & Cox boosted its stake 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 in the last quarter. Finally, Pointe Capital Management LLC boosted its stake in shares of NextEra Energy by 0.8% in the second quarter. Pointe Capital Management LLC now owns 4,359 shares of the company’s stock valued at $568,000 after buying an additional 35 shares in the last quarter. 74.51% of the stock is currently owned by hedge funds and other institutional investors.
NextEra Energy Inc. (NYSE:NEE) traded down 0.97% during mid-day trading on Monday, reaching $121.13. 1,693,405 shares of the company were exchanged. The stock’s 50-day moving average price is $124.28 and its 200-day moving average price is $122.60. NextEra Energy Inc. has a 1-year low of $96.19 and a 1-year high of $131.98. The stock has a market capitalization of $55.96 billion, a price-to-earnings ratio of 21.68 and a beta of 0.28.
NextEra Energy (NYSE:NEE) last posted its quarterly 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 return on equity of 11.82% and a net margin of 15.36%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the previous year, the firm earned $1.56 EPS. The company’s quarterly revenue was down 12.4% compared to the same quarter last year. On average, equities research analysts anticipate that NextEra Energy Inc. will post $6.20 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th were issued a dividend of $0.87 per share. The ex-dividend date was Friday, August 26th. This represents a $3.48 annualized dividend and a dividend yield of 2.87%. NextEra Energy’s dividend payout ratio is presently 62.59%.
Several equities research analysts recently weighed in on NEE shares. Mizuho boosted 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. Morgan Stanley restated a “buy” rating on shares of NextEra Energy in a research report on Monday, August 1st. Deutsche Bank AG reduced their price target on shares of NextEra Energy from $134.00 to $133.00 and set a “buy” rating on the stock in a research report on Thursday, July 28th. BMO Capital Markets restated a “buy” rating and issued a $135.00 price target on shares of NextEra Energy in a research report on Thursday, July 28th. Finally, Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Tuesday, July 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. NextEra Energy currently 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 NextEra Energy stock in a transaction on Friday, July 29th. The stock was sold at an average price of C$127.61, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.66% of the company’s stock.
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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