Reaves W H & Co. Inc. grew its position in NextEra Energy, Inc. (NYSE:NEE) by 3.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,207,536 shares of the utilities provider’s stock after buying an additional 39,772 shares during the quarter. NextEra Energy accounts for 6.3% of Reaves W H & Co. Inc.’s holdings, making the stock its largest holding. Reaves W H & Co. Inc. owned approximately 0.26% of NextEra Energy worth $169,212,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hanson McClain Inc. grew its stake in shares of NextEra Energy by 6.0% in the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after buying an additional 43 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after buying an additional 71 shares in the last quarter. Highstreet Asset Management Inc. acquired a new stake in shares of NextEra Energy in the second quarter valued at $134,000. First Interstate Bank grew its stake in shares of NextEra Energy by 1.3% in the second quarter. First Interstate Bank now owns 1,259 shares of the utilities provider’s stock valued at $176,000 after buying an additional 16 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. grew its stake in shares of NextEra Energy by 12.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,395 shares of the utilities provider’s stock valued at $195,000 after buying an additional 149 shares in the last quarter. 75.41% of the stock is owned by institutional investors and hedge funds.
NextEra Energy, Inc. (NYSE:NEE) opened at 150.70 on Friday. The company’s 50-day moving average price is $148.64 and its 200 day moving average price is $141.63. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $151.60. The firm has a market capitalization of $70.71 billion, a PE ratio of 17.26 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.10. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The company’s revenue was up 15.4% on a year-over-year basis. During the same period last year, the firm earned $1.67 earnings per share. On average, equities analysts anticipate that NextEra Energy, Inc. will post $6.73 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were paid a dividend of $0.9825 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $3.93 annualized dividend and a dividend yield of 2.61%. NextEra Energy’s dividend payout ratio is presently 45.02%.
In other news, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total transaction of $4,411,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph T. Kelliher sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. The disclosure for this sale can be found here. Insiders have sold 65,385 shares of company stock valued at $9,614,382 over the last 90 days. Insiders own 0.53% of the company’s stock.
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A number of equities research analysts have recently weighed in on the company. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a research note on Thursday. Morgan Stanley lifted their price objective on NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. J P Morgan Chase & Co set a $169.00 price objective on NextEra Energy and gave the company a “hold” rating in a research note on Thursday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $147.00 price objective (up from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. NextEra Energy has a consensus rating of “Buy” and a consensus price target of $153.75.
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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