Abbrea Capital LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,533 shares of the utilities provider’s stock after buying an additional 1,670 shares during the period. Abbrea Capital LLC’s holdings in NextEra Energy were worth $2,251,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Pacific Center for Financial Services purchased a new stake in NextEra Energy during the fourth quarter valued at $136,000. Pinnacle Bank purchased a new stake in NextEra Energy during the first quarter valued at $161,000. Baystate Wealth Management LLC raised its stake in NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock valued at $174,000 after buying an additional 441 shares during the last quarter. Norway Savings Bank raised its stake in NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock valued at $172,000 after buying an additional 18 shares during the last quarter. Finally, Advantage Investment Management LLC purchased a new stake in NextEra Energy during the fourth quarter valued at $175,000. 76.72% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NextEra Energy, Inc. (NYSE:NEE) traded up 0.18% during midday trading on Tuesday, reaching $147.35. 1,188,171 shares of the company’s stock were exchanged. The stock has a market cap of $69.14 billion, a PE ratio of 16.88 and a beta of 0.32. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $147.84. The company’s 50 day moving average is $142.61 and its 200-day moving average is $134.07.
NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the business posted $1.67 earnings per share. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. Equities analysts forecast that NextEra Energy, Inc. will post $6.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio is presently 45.02%.
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NEE has been the topic of several analyst reports. Deutsche Bank AG upped their target price on shares of NextEra Energy from $128.00 to $132.00 and gave the stock a “hold” rating in a report on Tuesday, April 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $144.00 target price on shares of NextEra Energy in a report on Tuesday, May 2nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $156.00 target price (up previously from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. BidaskClub lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $150.00 target price (up previously from $139.00) on shares of NextEra Energy in a report on Sunday, April 23rd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $148.18.
In other news, Director James L. Robo sold 30,000 shares of the business’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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Eric E. Silagy sold 8,111 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total value of $1,140,244.38. Following the sale, the director now owns 26,884 shares in the company, valued at $3,779,352.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,431 shares of company stock worth $12,692,378. Company insiders own 0.53% of the company’s stock.
About NextEra Energy
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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