Central Bank & Trust Co. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 48.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,260 shares of the utilities provider’s stock after acquiring an additional 1,725 shares during the period. Central Bank & Trust Co.’s holdings in NextEra Energy were worth $737,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Dowling & Yahnke LLC grew its holdings in NextEra Energy by 0.5% during the first quarter. Dowling & Yahnke LLC now owns 1,779 shares of the utilities provider’s stock worth $228,000 after acquiring an additional 9 shares during the period. Genesee Valley Trust Co. increased its stake in NextEra Energy by 0.3% in the 1st quarter. Genesee Valley Trust Co. now owns 3,133 shares of the utilities provider’s stock worth $402,000 after purchasing an additional 10 shares in the last quarter. Day & Ennis LLC increased its stake in NextEra Energy by 0.6% in the 1st quarter. Day & Ennis LLC now owns 2,174 shares of the utilities provider’s stock worth $279,000 after purchasing an additional 14 shares in the last quarter. Paragon Capital Management LLC increased its stake in NextEra Energy by 0.3% in the 1st quarter. Paragon Capital Management LLC now owns 5,349 shares of the utilities provider’s stock worth $686,000 after purchasing an additional 15 shares in the last quarter. Finally, Leavell Investment Management Inc. increased its stake in NextEra Energy by 0.3% in the 1st quarter. Leavell Investment Management Inc. now owns 6,116 shares of the utilities provider’s stock worth $785,000 after purchasing an additional 18 shares in the last quarter. 75.67% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director James L. Robo sold 30,000 shares of the company’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 Securities & Exchange Commission, which is available through this link. 0.53% of the stock is owned by corporate insiders.
Shares of NextEra Energy, Inc. (NEE) traded down 0.02% during midday trading on Friday, reaching $149.52. The company’s stock had a trading volume of 1,073,691 shares. The company has a market cap of $70.16 billion, a price-to-earnings ratio of 17.13 and a beta of 0.33. The stock has a 50-day moving average of $148.67 and a 200 day moving average of $139.19. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $151.60.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the company earned $1.67 earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, analysts predict that NextEra Energy, Inc. will post $6.73 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a $0.9825 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a dividend yield of 2.63%. NextEra Energy’s dividend payout ratio (DPR) is currently 45.02%.
A number of equities analysts recently weighed in on NEE shares. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) started coverage on NextEra Energy in a research note on Monday, July 24th. They issued a “buy” rating and a $160.00 price target on the stock. KeyCorp reissued a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research note on Friday, September 1st. BMO Capital Markets reissued a “buy” rating and issued a $156.00 price target (up previously from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. Finally, Morgan Stanley lifted their price target on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and an average target price of $151.15.
NextEra Energy 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.
Receive News & Ratings for NextEra Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy Inc. and related companies with our FREE daily email newsletter.