Douglas Lane & Associates LLC reduced its stake in shares of NextEra Energy Inc. (NYSE:NEE) by 26.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,777 shares of the company’s stock after selling 976 shares during the period. Douglas Lane & Associates LLC’s holdings in NextEra Energy were worth $362,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of NEE. Cribstone Capital Management LLC acquired a new stake in NextEra Energy during the second quarter valued at about $149,000. Vigilant Capital Management LLC boosted its stake in NextEra Energy by 121.9% in the second quarter. Vigilant Capital Management LLC now owns 1,238 shares of the company’s stock valued at $161,000 after buying an additional 680 shares during the period. Winslow Evans & Crocker Inc. boosted its stake in NextEra Energy by 9.2% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,376 shares of the company’s stock valued at $179,000 after buying an additional 116 shares during the period. Shufro Rose & Co. LLC acquired a new stake in NextEra Energy during the first quarter valued at about $201,000. Finally, Hancock Holding Co. acquired a new stake in NextEra Energy during the first quarter valued at about $202,000. 74.52% of the stock is owned by hedge funds and other institutional investors.
Shares of NextEra Energy Inc. (NYSE:NEE) traded down 1.00% during mid-day trading on Friday, reaching $126.75. The company’s stock had a trading volume of 2,452,134 shares. The firm has a 50-day moving average of $124.45 and a 200-day moving average of $122.27. The firm has a market capitalization of $58.55 billion, a PE ratio of 22.68 and a beta of 0.33. NextEra Energy Inc. has a 52 week low of $95.84 and a 52 week high of $131.98.
NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 27th. The company reported $1.67 earnings per share for the quarter, beating 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 return on equity of 11.82% and a net margin of 15.36%. The company’s revenue was down 12.4% on a year-over-year basis. During the same period last year, the firm earned $1.56 earnings per share. Equities research analysts forecast that NextEra Energy Inc. will post $6.20 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Friday, August 26th. This represents a $3.48 annualized dividend and a dividend yield of 2.75%. NextEra Energy’s dividend payout ratio is presently 62.59%.
NEE has been the subject of several recent analyst reports. KeyCorp reissued an “outperform” rating and set a $134.00 target price (up previously from $126.00) on shares of NextEra Energy in a research note on Tuesday, July 5th. Deutsche Bank AG cut NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 target price for the company. in a research note on Friday. Morgan Stanley reissued a “buy” rating on shares of NextEra Energy in a research note on Monday, August 1st. Mizuho raised their target price on NextEra Energy from $125.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, July 18th. Finally, BMO Capital Markets reissued a “buy” rating and set a $135.00 target price on shares of NextEra Energy in a research note on Thursday, July 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$128.94.
In other news, VP Chris N. Froggatt sold 16,467 shares of the firm’s stock in a transaction dated 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 directly owns 22,916 shares in the company, valued at C$2,924,310.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Treasurer Paul I. Cutler sold 4,796 shares of the firm’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of C$130.00, for a total value of C$623,480.00. Following the sale, the treasurer now owns 69,977 shares of the company’s stock, valued at C$9,097,010. The disclosure for this sale can be found here. 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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