Ariel Capital Advisors LLC raised its position in NextEra Energy Inc. (NYSE:NEE) by 16.5% during the second quarter, Holdings Channel reports. The institutional investor owned 7,425 shares of the company’s stock after buying an additional 1,050 shares during the period. Ariel Capital Advisors LLC’s holdings in NextEra Energy were worth $968,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of NEE. AMP Capital Investors Ltd increased its position in NextEra Energy by 32.9% in the first quarter. AMP Capital Investors Ltd now owns 333,339 shares of the company’s stock worth $39,503,000 after buying an additional 82,436 shares in the last quarter. National Pension Service increased its position in NextEra Energy by 4.1% in the first quarter. National Pension Service now owns 237,508 shares of the company’s stock worth $28,107,000 after buying an additional 9,426 shares in the last quarter. Legal & General Group Plc increased its position in NextEra Energy by 2.6% in the first quarter. Legal & General Group Plc now owns 2,268,138 shares of the company’s stock worth $268,404,000 after buying an additional 56,865 shares in the last quarter. CIBC World Markets Inc. increased its position in NextEra Energy by 640.5% in the second quarter. CIBC World Markets Inc. now owns 27,887 shares of the company’s stock worth $3,636,000 after buying an additional 24,121 shares in the last quarter. Finally, Carroll Financial Associates Inc. increased its position in NextEra Energy by 3.0% in the second quarter. Carroll Financial Associates Inc. now owns 2,384 shares of the company’s stock worth $310,000 after buying an additional 70 shares in the last quarter. Institutional investors own 74.51% of the company’s stock.
Shares of NextEra Energy Inc. (NYSE:NEE) traded down 0.97% on Monday, hitting $121.13. 1,693,405 shares of the stock traded hands. The stock has a market cap of $55.96 billion, a price-to-earnings ratio of 21.68 and a beta of 0.28. The stock has a 50 day moving average price of $124.20 and a 200-day moving average price of $122.69. NextEra Energy Inc. has a 52 week low of $96.19 and a 52 week high of $131.98.
NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 27th. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.57 by $0.10. The company earned $3.82 billion during the quarter, compared to the consensus estimate of $4.33 billion. NextEra Energy had a net margin of 15.36% and a return on equity of 11.82%. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.56 earnings per share. On average, equities research analysts forecast that NextEra Energy Inc. will post $6.20 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, August 30th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Friday, August 26th. NextEra Energy’s payout ratio is 62.59%.
NEE has been the subject of a number of recent research reports. Deutsche Bank AG downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price objective for the company. in a research note on Friday, September 23rd. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Bank of America Corp. restated a “buy” rating and set a $149.00 price objective on shares of NextEra Energy in a research note on Tuesday, September 27th. KeyCorp reiterated an “outperform” rating and issued a $134.00 target price (up from $126.00) on shares of NextEra Energy in a research note on Tuesday, July 5th. Finally, Morgan Stanley reiterated a “buy” rating on shares of NextEra Energy in a research note on Monday, August 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of C$129.26.
In other NextEra Energy news, VP Chris N. Froggatt sold 16,467 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of C$127.61, for a total value of C$2,101,353.87. Following the completion of the sale, the vice president now directly owns 22,916 shares of the company’s stock, valued at approximately C$2,924,310.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.66% of the stock is currently owned by company insiders.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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