South State Corp Buys 2,057 Shares of NextEra Energy, Inc. (NYSE:NEE)

South State Corp increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 21.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,529 shares of the utilities provider’s stock after buying an additional 2,057 shares during the period. South State Corp’s holdings in NextEra Energy were worth $1,479,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Dowling & Yahnke LLC increased its stake in shares of NextEra Energy by 0.5% in the first quarter. Dowling & Yahnke LLC now owns 1,779 shares of the utilities provider’s stock valued at $228,000 after buying an additional 9 shares during the period. Genesee Valley Trust Co. increased its stake in shares of NextEra Energy by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 3,133 shares of the utilities provider’s stock valued at $402,000 after buying an additional 10 shares during the period. Beese Fulmer Investment Management Inc. increased its stake in shares of NextEra Energy by 0.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 2,199 shares of the utilities provider’s stock valued at $282,000 after buying an additional 13 shares during the period. Regentatlantic Capital LLC increased its stake in shares of NextEra Energy by 0.4% in the first quarter. Regentatlantic Capital LLC now owns 3,468 shares of the utilities provider’s stock valued at $445,000 after buying an additional 14 shares during the period. Finally, Honkamp Krueger Financial Services Inc. increased its stake in shares of NextEra Energy by 0.3% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 4,902 shares of the utilities provider’s stock valued at $629,000 after buying an additional 14 shares during the period. 77.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of NextEra Energy, Inc. (NYSE:NEE) opened at 140.75 on Wednesday. The company has a market cap of $65.89 billion, a P/E ratio of 17.12 and a beta of 0.31. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $144.87. The firm’s 50-day moving average price is $140.27 and its 200 day moving average price is $129.94.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, April 21st. The utilities provider reported $1.75 EPS for the quarter, topping the consensus estimate of $1.51 by $0.24. The business had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.99 billion. NextEra Energy had a return on equity of 11.82% and a net margin of 23.58%. NextEra Energy’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.55 EPS. On average, equities analysts predict that NextEra Energy, Inc. will post $6.70 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Tuesday, May 30th were issued a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Thursday, May 25th. NextEra Energy’s dividend payout ratio is 47.87%.

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Several brokerages recently issued reports on NEE. Wells Fargo & Company reissued an “outperform” rating and issued a $158.00 price target (up previously from $150.00) on shares of NextEra Energy in a report on Monday, June 19th. Royal Bank Of Canada reissued an “outperform” rating and issued a $147.00 price target (up previously from $144.00) on shares of NextEra Energy in a report on Sunday. BidaskClub downgraded NextEra Energy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Barclays PLC reissued an “overweight” rating and issued a $150.00 price target (up previously from $139.00) on shares of NextEra Energy in a report on Sunday, April 23rd. Finally, Deutsche Bank AG raised their price target on NextEra Energy from $128.00 to $132.00 and gave the stock a “hold” rating in a report on Tuesday, April 11th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $147.44.

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 5,680 shares of the company’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $133.11, for a total transaction of $756,064.80. Following the transaction, the chief executive officer now owns 79,586 shares of the company’s stock, valued at approximately $10,593,692.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Joseph T. Kelliher sold 8,068 shares of the company’s stock in a transaction on Monday, April 17th. The stock was sold at an average price of $130.67, for a total value of $1,054,245.56. Following the transaction, the executive vice president now directly owns 38,634 shares in the company, valued at approximately $5,048,304.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,179 shares of company stock worth $10,091,188. Company insiders own 0.53% of the company’s stock.

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.

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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