ETRADE Capital Management LLC lowered its stake in NextEra Energy Inc (NYSE:NEE) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,087 shares of the utilities provider’s stock after selling 583 shares during the period. ETRADE Capital Management LLC’s holdings in NextEra Energy were worth $5,139,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. TRUE Private Wealth Advisors acquired a new position in shares of NextEra Energy during the second quarter worth $25,000. Krane Funds Advisors LLC acquired a new position in shares of NextEra Energy during the second quarter worth $25,000. Manchester Financial Inc. acquired a new position in shares of NextEra Energy during the second quarter worth $26,000. Mackey Komara & Dankovich LLC lifted its holdings in shares of NextEra Energy by 446.4% during the second quarter. Mackey Komara & Dankovich LLC now owns 765 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 625 shares during the period. Finally, Legacy Advisors LLC lifted its holdings in shares of NextEra Energy by 1,000.0% during the second quarter. Legacy Advisors LLC now owns 165 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 76.11% of the company’s stock.
In other NextEra Energy news, EVP Joseph T. Kelliher sold 5,741 shares of NextEra Energy stock in a transaction on Monday, June 17th. The shares were sold at an average price of $207.26, for a total value of $1,189,879.66. Following the completion of the sale, the executive vice president now directly owns 37,235 shares of the company’s stock, valued at $7,717,326.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Treasurer Paul I. Cutler sold 23,750 shares of NextEra Energy stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $223.59, for a total transaction of $5,310,262.50. Following the completion of the sale, the treasurer now directly owns 93,462 shares of the company’s stock, valued at $20,897,168.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 98,894 shares of company stock worth $21,378,595. 0.48% of the stock is owned by company insiders.
NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.07. The business had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.68 billion. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. NextEra Energy’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.08 earnings per share. On average, equities analysts anticipate that NextEra Energy Inc will post 8.36 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 29th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $5.00 annualized dividend and a yield of 2.26%. NextEra Energy’s payout ratio is 64.94%.
A number of equities analysts have recently commented on the stock. KeyCorp assumed coverage on shares of NextEra Energy in a report on Tuesday, June 4th. They set an “overweight” rating and a $225.00 price target on the stock. Bank of America lifted their price target on shares of NextEra Energy from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Morgan Stanley set a $233.00 price target on shares of NextEra Energy and gave the stock a “buy” rating in a report on Friday, August 16th. UBS Group lifted their price target on shares of NextEra Energy from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, Barclays lowered shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price target on the stock. in a report on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $217.77.
About NextEra Energy
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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