ING Groep NV increased its position in shares of NextEra Energy Inc. (NYSE:NEE) by 17.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,658 shares of the company’s stock after buying an additional 3,493 shares during the period. ING Groep NV’s holdings in NextEra Energy were worth $3,086,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. River Wealth Advisors LLC raised its stake in NextEra Energy by 1.6% in the first quarter. River Wealth Advisors LLC now owns 5,309 shares of the company’s stock worth $628,000 after buying an additional 82 shares during the period. Commonwealth Equity Services Inc raised its stake in NextEra Energy by 5.1% in the first quarter. Commonwealth Equity Services Inc now owns 317,590 shares of the company’s stock worth $37,584,000 after buying an additional 15,483 shares during the period. Aperio Group LLC raised its stake in NextEra Energy by 7.4% in the first quarter. Aperio Group LLC now owns 271,151 shares of the company’s stock worth $32,088,000 after buying an additional 18,635 shares during the period. Mn Services Vermogensbeheer B.V. acquired a new stake in NextEra Energy during the first quarter worth about $1,195,000. Finally, Virginia Retirement System acquired a new stake in NextEra Energy during the first quarter worth about $7,085,000. 74.51% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy Inc. (NYSE:NEE) traded down 1.84% during midday trading on Tuesday, reaching $118.90. The company had a trading volume of 2,301,348 shares. NextEra Energy Inc. has a 12-month low of $96.19 and a 12-month high of $131.98. The stock has a 50-day moving average price of $123.93 and a 200 day moving average price of $122.72. The company has a market capitalization of $54.93 billion, a PE ratio of 21.28 and a beta of 0.28.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.10. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $4.33 billion. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. The firm’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.56 earnings per share. Equities analysts forecast that NextEra Energy Inc. will post $6.20 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, August 30th were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Friday, August 26th. NextEra Energy’s dividend payout ratio is currently 62.59%.
NEE has been the topic of several recent research reports. Bank of America Corp. reissued a “buy” rating and set a $149.00 price objective on shares of NextEra Energy in a report on Tuesday, September 27th. Deutsche Bank AG lowered NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price objective on the stock. in a report on Friday, September 23rd. Mizuho reissued a “buy” rating and set a $138.00 price objective on shares of NextEra Energy in a report on Tuesday, August 30th. Morgan Stanley reissued a “buy” rating on shares of NextEra Energy in a report on Monday, August 1st. Finally, BMO Capital Markets reissued a “buy” rating and set a $135.00 price objective on shares of NextEra Energy in a report on Thursday, July 28th. 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 assigned a strong buy rating to the stock. NextEra Energy currently has an average rating of “Buy” and a consensus price target of C$129.26.
In other NextEra Energy news, VP Chris N. Froggatt sold 16,467 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 22,916 shares of the company’s stock, valued at approximately C$2,924,310.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate 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.
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.