Quadrant Capital Group LLC raised its stake in shares of NextEra Energy Inc. (NYSE:NEE) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,678 shares of the company’s stock after buying an additional 39 shares during the period. Quadrant Capital Group LLC’s holdings in NextEra Energy were worth $211,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Cribstone Capital Management LLC purchased a new stake in shares of NextEra Energy during the second quarter worth about $149,000. Vigilant Capital Management LLC increased its stake in shares of NextEra Energy by 121.9% in the second quarter. Vigilant Capital Management LLC now owns 1,238 shares of the company’s stock worth $161,000 after buying an additional 680 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of NextEra Energy during the second quarter worth about $176,000. Winslow Evans & Crocker Inc. increased its stake in shares of NextEra Energy by 9.2% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,376 shares of the company’s stock worth $179,000 after buying an additional 116 shares during the period. Finally, Shufro Rose & Co. LLC purchased a new stake in shares of NextEra Energy during the first quarter worth about $201,000. 74.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of NextEra Energy Inc. (NYSE:NEE) traded down 0.30% during midday trading on Wednesday, hitting $118.54. 2,067,216 shares of the company were exchanged. NextEra Energy Inc. has a 52-week low of $96.19 and a 52-week high of $131.98. The company has a 50-day moving average price of $123.93 and a 200-day moving average price of $122.72. The stock has a market capitalization of $54.76 billion, a price-to-earnings ratio of 21.21 and a beta of 0.28.
NextEra Energy (NYSE:NEE) last issued its 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. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $4.33 billion. NextEra Energy had a net margin of 15.36% and a return on equity of 11.82%. The business’s revenue was down 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.56 EPS. On average, analysts forecast that NextEra Energy Inc. will post $6.20 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, August 30th were given 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 2.94%. NextEra Energy’s payout ratio is currently 62.59%.
A number of analysts recently issued reports on the stock. KeyCorp reissued an “outperform” rating and set a $134.00 price target (up from $126.00) on shares of NextEra Energy in a report on Tuesday, July 5th. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Tuesday, July 5th. Morgan Stanley assumed coverage on shares of NextEra Energy in a report on Wednesday, June 29th. They set a “hold” rating and a $146.00 price target on the stock. Deutsche Bank AG downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price target on the stock. in a report on Friday, September 23rd. Finally, Mizuho increased their price target on shares of NextEra Energy from $125.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. NextEra Energy has a consensus rating of “Buy” and an average price target 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 transaction of C$2,101,353.87. Following the sale, the vice president now directly owns 22,916 shares in the company, valued at approximately C$2,924,310.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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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