Premier Fund Managers Ltd reduced its stake in NextEra Energy Inc. (NYSE:NEE) by 36.7% during the second quarter, Holdings Channel reports. The institutional investor owned 14,000 shares of the company’s stock after selling 8,100 shares during the period. NextEra Energy makes up 1.8% of Premier Fund Managers Ltd’s portfolio, making the stock its 29th largest position. Premier Fund Managers Ltd’s holdings in NextEra Energy were worth $1,815,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of NEE. Cribstone Capital Management LLC acquired a new position in NextEra Energy during the second quarter valued at $149,000. Vigilant Capital Management LLC increased its position in NextEra Energy by 121.9% in the second quarter. Vigilant Capital Management LLC now owns 1,238 shares of the company’s stock valued at $161,000 after buying an additional 680 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in NextEra Energy during the second quarter valued at $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 valued at $179,000 after buying an additional 116 shares during the last quarter. Finally, Cornerstone Advisors Inc. increased its stake in shares of 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 last quarter. Institutional investors own 74.51% of the company’s stock.
Shares of NextEra Energy Inc. (NYSE:NEE) traded down 0.30% during midday trading on Wednesday, reaching $118.54. 2,067,316 shares of the company were exchanged. The firm has a market capitalization of $54.76 billion, a P/E ratio of 21.21 and a beta of 0.28. NextEra Energy Inc. has a 52 week low of $96.19 and a 52 week high of $131.98. The firm has a 50-day moving average of $123.93 and a 200 day moving average of $122.72.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.10. The company earned $3.82 billion during the quarter, compared to analysts’ expectations of $4.33 billion. NextEra Energy had a net margin of 15.36% and a return on equity of 11.82%. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.56 earnings per share. On average, equities research analysts expect that NextEra Energy Inc. will post $6.20 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Friday, August 26th. NextEra Energy’s dividend payout ratio (DPR) is 62.59%.
Several analysts have recently commented on NEE shares. Argus restated a “buy” rating and set a $134.00 price objective (up from $128.00) on shares of NextEra Energy in a research report on Tuesday, June 7th. Zacks Investment Research downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Friday, July 22nd. KeyCorp restated an “outperform” rating and set a $134.00 price objective (up from $126.00) on shares of NextEra Energy in a research report on Tuesday, July 5th. Goldman Sachs Group Inc. restated a “conviction-buy” rating on shares of NextEra Energy in a research report on Wednesday, June 8th. Finally, BMO Capital Markets restated a “buy” rating and set a $135.00 price objective on shares of NextEra Energy in a research report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company 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 the stock in a transaction dated 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 in the company, valued at C$2,924,310.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.66% of the stock is currently owned by 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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