Sabal Trust CO raised its stake in NextEra Energy Inc. (NYSE:NEE) by 3.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,950 shares of the company’s stock after buying an additional 150 shares during the period. Sabal Trust CO’s holdings in NextEra Energy were worth $646,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in NextEra Energy by 14.6% in the first quarter. Wellington Management Group LLP now owns 19,485,140 shares of the company’s stock valued at $2,305,872,000 after buying an additional 2,480,652 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in NextEra Energy by 2.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 12,778,799 shares of the company’s stock valued at $1,512,243,000 after buying an additional 273,160 shares during the last quarter. BlackRock Fund Advisors boosted its stake in NextEra Energy by 4.9% in the first quarter. BlackRock Fund Advisors now owns 8,900,844 shares of the company’s stock valued at $1,053,326,000 after buying an additional 419,499 shares during the last quarter. BlackRock Group LTD boosted its stake in NextEra Energy by 9.4% in the first quarter. BlackRock Group LTD now owns 4,778,848 shares of the company’s stock valued at $565,529,000 after buying an additional 411,972 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in NextEra Energy by 5.8% in the first quarter. Geode Capital Management LLC now owns 3,814,439 shares of the company’s stock valued at $450,504,000 after buying an additional 210,101 shares during the last quarter. Hedge funds and other institutional investors own 74.51% of the company’s stock.
Shares of NextEra Energy Inc. (NYSE:NEE) traded down 1.84% during mid-day trading on Tuesday, hitting $118.90. The stock had a trading volume of 2,301,348 shares. The stock’s 50-day moving average is $124.11 and its 200 day moving average is $122.71. The firm has a market capitalization of $54.93 billion, a price-to-earnings ratio of 21.28 and a beta of 0.28. NextEra Energy Inc. has a 1-year low of $96.19 and a 1-year high of $131.98.
NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 27th. The company reported $1.67 earnings per share (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 company earned $3.82 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period in the previous year, the business earned $1.56 earnings per share. The firm’s quarterly revenue was down 12.4% compared to the same quarter last year. Equities research 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 annualized dividend and a yield of 2.93%. The ex-dividend date was Friday, August 26th. NextEra Energy’s dividend payout ratio is presently 62.59%.
A number of research analysts have recently commented on NEE shares. Argus reiterated a “buy” rating and issued a $134.00 price target (up from $128.00) on shares of NextEra Energy in a research note on Tuesday, June 7th. Zacks Investment Research cut NextEra Energy from a “hold” rating to a “sell” rating in a research note on Friday, July 22nd. KeyCorp reiterated an “outperform” rating and issued a $134.00 price target (up from $126.00) on shares of NextEra Energy in a research note on Tuesday, July 5th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of NextEra Energy in a research note on Wednesday, June 8th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $135.00 price target on shares of NextEra Energy in a research note on Thursday, July 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$129.26.
In other NextEra Energy news, VP Chris N. Froggatt sold 16,467 shares of the business’s stock in a transaction 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 completion of the sale, the vice president now directly owns 22,916 shares of the company’s stock, valued at C$2,924,310.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.66% of the stock is currently 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.
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