RiverPoint Capital Management LLC lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 50.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,791 shares of the utilities provider’s stock after selling 1,816 shares during the quarter. RiverPoint Capital Management LLC’s holdings in NextEra Energy were worth $251,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in NEE. Day & Ennis LLC boosted its position in NextEra Energy by 0.6% during the first quarter. Day & Ennis LLC now owns 2,174 shares of the utilities provider’s stock worth $279,000 after acquiring an additional 14 shares during the last quarter. Paragon Capital Management LLC raised its stake in NextEra Energy by 0.3% during the first 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 during the period. Farmers & Merchants Investments Inc. raised its stake in NextEra Energy by 0.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 4,745 shares of the utilities provider’s stock worth $665,000 after purchasing an additional 15 shares during the period. Savant Capital LLC raised its stake in NextEra Energy by 0.3% during the second quarter. Savant Capital LLC now owns 6,181 shares of the utilities provider’s stock worth $866,000 after purchasing an additional 20 shares during the period. Finally, Comerica Securities Inc. raised its stake in NextEra Energy by 1.3% during the first quarter. Comerica Securities Inc. now owns 1,890 shares of the utilities provider’s stock worth $243,000 after purchasing an additional 25 shares during the period. Institutional investors own 75.37% of the company’s stock.
NEE has been the topic of a number of analyst reports. BMO Capital Markets reaffirmed a “buy” rating and set a $156.00 target price (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. BidaskClub downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $147.00 price target (up from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of NextEra Energy in a research note on Monday, July 24th. They issued a “buy” rating and a $160.00 price target on the stock. Finally, Morgan Stanley boosted their price target on shares of NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $153.75.
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In other NextEra Energy news, EVP Joseph T. Kelliher sold 2,000 shares of NextEra Energy stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John W. Ketchum sold 2,900 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $150.00, for a total transaction of $435,000.00. Following the transaction, the executive vice president now directly owns 18,786 shares of the company’s stock, valued at approximately $2,817,900. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,385 shares of company stock valued at $9,614,382. 0.53% of the stock is currently owned by corporate insiders.
NextEra Energy, Inc. (NYSE:NEE) opened at 152.67 on Wednesday. The firm has a market cap of $71.39 billion, a PE ratio of 24.43 and a beta of 0.31. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $152.86. The stock has a 50 day moving average of $148.63 and a 200 day moving average of $141.93.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the company earned $1.67 earnings per share. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, equities analysts forecast that NextEra Energy, Inc. will post $6.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is presently 45.02%.
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.
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