Deprince Race & Zollo Inc. reduced its stake in shares of NextEra Energy Inc. (NYSE:NEE) by 6.1% during the second quarter, Holdings Channel reports. The fund owned 258,075 shares of the company’s stock after selling 16,650 shares during the period. Deprince Race & Zollo Inc.’s holdings in NextEra Energy were worth $33,653,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Advisors Inc. raised its position in NextEra Energy by 0.4% in the second quarter. Cornerstone Advisors Inc. now owns 1,627 shares of the company’s stock valued at $212,000 after buying an additional 7 shares during the last quarter. MCF Advisors LLC raised its position in NextEra Energy by 0.7% in the first quarter. MCF Advisors LLC now owns 1,817 shares of the company’s stock valued at $215,000 after buying an additional 12 shares during the last quarter. Cohen Lawrence B raised its position in NextEra Energy by 0.8% in the second quarter. Cohen Lawrence B now owns 3,002 shares of the company’s stock valued at $391,000 after buying an additional 25 shares during the last quarter. Dodge & Cox raised its position in NextEra Energy by 0.3% in the first quarter. Dodge & Cox now owns 11,030 shares of the company’s stock valued at $1,305,000 after buying an additional 30 shares during the last quarter. Finally, Pointe Capital Management LLC raised its position in NextEra Energy by 0.8% in the second quarter. Pointe Capital Management LLC now owns 4,359 shares of the company’s stock valued at $568,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 74.51% of the company’s stock.
Shares of NextEra Energy Inc. (NYSE:NEE) traded down 0.97% on Monday, reaching $121.13. The company had a trading volume of 1,693,405 shares. The company has a 50-day moving average price of $124.20 and a 200-day moving average price of $122.69. The firm has a market capitalization of $55.96 billion, a PE ratio of 21.68 and a beta of 0.28. NextEra Energy Inc. has a 52-week low of $96.19 and a 52-week high of $131.98.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.10. The firm earned $3.82 billion during the quarter, compared to analysts’ expectations of $4.33 billion. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.56 earnings per share. Equities research analysts forecast that NextEra Energy Inc. will post $6.20 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, August 30th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Friday, August 26th. This represents a $3.48 dividend on an annualized basis and a yield of 2.87%. NextEra Energy’s payout ratio is 62.59%.
NEE has been the subject of several research analyst reports. Deutsche Bank AG lowered NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price target for the company. in a research note on Friday, September 23rd. Zacks Investment Research lowered 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 target on shares of NextEra Energy in a research note on Tuesday, September 27th. KeyCorp restated an “outperform” rating and set a $134.00 price target (up from $126.00) on shares of NextEra Energy in a research note on Tuesday, July 5th. Finally, Morgan Stanley restated a “buy” rating on shares of NextEra Energy in a research note on Monday, August 1st. One investment 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’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$129.26.
In related news, VP Chris N. Froggatt sold 16,467 shares of NextEra Energy stock in a transaction on Friday, July 29th. The stock was sold at an average price of C$127.61, for a total transaction of C$2,101,353.87. Following the completion of the sale, the vice president now owns 22,916 shares of the company’s stock, valued at C$2,924,310.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.66% of the company’s stock.
NextEra Energy Company Profile
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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