Schmidt P J Investment Management Inc. cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 31,890 shares of the utilities provider’s stock after selling 625 shares during the period. NextEra Energy makes up 1.4% of Schmidt P J Investment Management Inc.’s portfolio, making the stock its 23rd largest position. Schmidt P J Investment Management Inc.’s holdings in NextEra Energy were worth $4,469,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock valued at $4,856,682,000 after buying an additional 36,747,599 shares during the period. Wellington Management Group LLP boosted its stake in shares of NextEra Energy by 0.8% in the first quarter. Wellington Management Group LLP now owns 19,961,544 shares of the utilities provider’s stock valued at $2,562,463,000 after buying an additional 167,275 shares during the period. FMR LLC boosted its stake in shares of NextEra Energy by 0.4% in the first quarter. FMR LLC now owns 7,680,705 shares of the utilities provider’s stock valued at $985,973,000 after buying an additional 30,135 shares during the period. Geode Capital Management LLC boosted its stake in shares of NextEra Energy by 7.9% in the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock valued at $586,925,000 after buying an additional 336,562 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in shares of NextEra Energy by 11.3% in the first quarter. Alliancebernstein L.P. now owns 3,067,768 shares of the utilities provider’s stock valued at $393,809,000 after buying an additional 310,903 shares during the period. 76.72% of the stock is currently owned by institutional investors.
NextEra Energy, Inc. (NYSE:NEE) traded up 0.31% during mid-day trading on Thursday, hitting $147.70. The stock had a trading volume of 521,472 shares. The stock has a market cap of $69.31 billion, a P/E ratio of 16.92 and a beta of 0.32. NextEra Energy, Inc. has a 52-week low of $110.49 and a 52-week high of $148.19. The firm has a 50-day moving average of $143.02 and a 200-day moving average of $134.77.
NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.10. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The company’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.67 earnings per share. On average, analysts forecast that NextEra Energy, Inc. will post $6.72 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a dividend of $0.9825 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.67%. NextEra Energy’s payout ratio is currently 45.02%.
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Several analysts have issued reports on NEE shares. UBS AG reaffirmed a “buy” rating and set a $143.00 target price (up previously from $138.00) on shares of NextEra Energy in a research report on Tuesday, April 18th. Barclays PLC reaffirmed an “overweight” rating and set a $150.00 target price (up previously from $139.00) on shares of NextEra Energy in a research report on Sunday, April 23rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $144.00 target price on shares of NextEra Energy in a research report on Tuesday, May 2nd. Morgan Stanley increased their target price on NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, May 8th. Finally, BidaskClub cut NextEra Energy from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. NextEra Energy currently has an average rating of “Buy” and a consensus target price of $148.18.
In other NextEra Energy news, Director Eric E. Silagy sold 8,111 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total value of $1,140,244.38. Following the completion of the transaction, the director now owns 26,884 shares in the company, valued at $3,779,352.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James L. Robo sold 52,320 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $136.48, for a total transaction of $7,140,633.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,431 shares of company stock valued at $12,692,378. Insiders own 0.53% of the company’s stock.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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