Premier Fund Managers Ltd reduced its position in shares of 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 comprises approximately 1.8% of Premier Fund Managers Ltd’s investment portfolio, making the stock its 29th largest position. Premier Fund Managers Ltd’s holdings in NextEra Energy were worth $1,815,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. Sabal Trust CO raised its position in shares of NextEra Energy by 3.1% in the second quarter. Sabal Trust CO now owns 4,950 shares of the company’s stock valued at $646,000 after buying an additional 150 shares during the period. Huntington National Bank raised its position in shares of NextEra Energy by 46.1% in the second quarter. Huntington National Bank now owns 354,767 shares of the company’s stock valued at $46,261,000 after buying an additional 111,955 shares during the period. Burke & Herbert Bank & Trust Co. raised its position in shares of NextEra Energy by 4.5% in the second quarter. Burke & Herbert Bank & Trust Co. now owns 5,458 shares of the company’s stock valued at $712,000 after buying an additional 237 shares during the period. Advisory Services Network LLC raised its position in shares of NextEra Energy by 6.6% in the second quarter. Advisory Services Network LLC now owns 3,008 shares of the company’s stock valued at $392,000 after buying an additional 185 shares during the period. Finally, Ariel Capital Advisors LLC raised its position in shares of NextEra Energy by 16.5% in the second quarter. Ariel Capital Advisors LLC now owns 7,425 shares of the company’s stock valued at $968,000 after buying an additional 1,050 shares during the period. 74.51% of the stock is owned by hedge funds and other institutional investors.
Shares of NextEra Energy Inc. (NYSE:NEE) traded down 0.30% during trading on Wednesday, hitting $118.54. 2,067,316 shares of the stock were exchanged. The stock has a market cap of $54.76 billion, a PE ratio of 21.21 and a beta of 0.28. NextEra Energy Inc. has a one year low of $96.19 and a one year high of $131.98. The stock’s 50 day moving average price is $123.93 and its 200 day moving average price is $122.72.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results 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 firm earned $3.82 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.56 EPS. Equities research analysts predict 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. Shareholders of record on Tuesday, August 30th were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Friday, August 26th. NextEra Energy’s dividend payout ratio is presently 62.59%.
Several brokerages have weighed in on NEE. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Morgan Stanley began coverage on shares of NextEra Energy in a research note on Wednesday, June 29th. They set a “hold” rating and a $146.00 target price for the company. Bank of America Corp. reaffirmed a “buy” rating and set a $149.00 target price on shares of NextEra Energy in a research note on Tuesday, September 27th. Mizuho raised their price objective on shares of NextEra Energy from $125.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, July 18th. Finally, Deutsche Bank AG lowered shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price objective for the company. in a research note on Friday, September 23rd. 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 issued 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 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 transaction, the vice president now directly owns 22,916 shares of the company’s stock, valued at approximately C$2,924,310.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.66% of the stock is owned by company 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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