Private Wealth Partners LLC maintained its position in shares of NextEra Energy Inc. (NYSE:NEE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,000 shares of the company’s stock at the end of the second quarter. Private Wealth Partners LLC’s holdings in NextEra Energy were worth $522,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. River Wealth Advisors LLC boosted its position in shares of NextEra Energy by 1.6% in the first quarter. River Wealth Advisors LLC now owns 5,309 shares of the company’s stock valued at $628,000 after buying an additional 82 shares during the period. Commonwealth Equity Services Inc boosted its position in shares of NextEra Energy by 5.1% in the first quarter. Commonwealth Equity Services Inc now owns 317,590 shares of the company’s stock valued at $37,584,000 after buying an additional 15,483 shares during the period. Aperio Group LLC boosted its position in shares of NextEra Energy by 7.4% in the first quarter. Aperio Group LLC now owns 271,151 shares of the company’s stock valued at $32,088,000 after buying an additional 18,635 shares during the period. Mn Services Vermogensbeheer B.V. bought a new position in shares of NextEra Energy during the first quarter valued at approximately $1,195,000. Finally, Virginia Retirement System bought a new position in shares of NextEra Energy during the first quarter valued at approximately $7,085,000. 74.51% of the stock is owned by hedge funds and other institutional investors.
Shares of NextEra Energy Inc. (NYSE:NEE) traded down 1.84% during midday trading on Tuesday, hitting $118.90. The company’s stock had a trading volume of 2,301,348 shares. NextEra Energy Inc. has a 52-week low of $96.19 and a 52-week high of $131.98. The stock’s 50 day moving average is $123.93 and its 200-day moving average is $122.72. The firm has a market cap of $54.93 billion, a P/E ratio of 21.28 and a beta of 0.28.
NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 27th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.10. The company earned $3.82 billion during the quarter, compared to analyst estimates of $4.33 billion. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. NextEra Energy’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.56 earnings per share. Equities analysts predict 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. Stockholders of record on Tuesday, August 30th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Friday, August 26th. NextEra Energy’s dividend payout ratio is presently 62.59%.
Several research analysts recently commented on NEE shares. Argus reissued a “buy” rating and set a $134.00 price target (up from $128.00) on shares of NextEra Energy in a research report on Tuesday, June 7th. Goldman Sachs Group Inc. reissued a “conviction-buy” rating on shares of NextEra Energy in a research report on Wednesday, June 8th. Morgan Stanley assumed coverage on NextEra Energy in a research report on Wednesday, June 29th. They set a “hold” rating and a $146.00 price target for the company. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Tuesday, July 5th. Finally, KeyCorp restated an “outperform” rating and issued a $134.00 price objective (up previously from $126.00) on shares of NextEra Energy in a research note on Tuesday, July 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$129.26.
In other news, VP Chris N. Froggatt sold 16,467 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at C$2,924,310.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.66% of the stock is owned by insiders.
NextEra Energy Company Profile
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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