Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in NextEra Energy Inc. (NYSE:NEE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,350 shares of the company’s stock, valued at approximately $176,000.
A number of other institutional investors also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of NextEra Energy by 8.4% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 26,692 shares of the company’s stock valued at $3,481,000 after buying an additional 2,063 shares during the last quarter. First Midwest Bank Trust Division boosted its stake in shares of NextEra Energy by 12.8% in the second quarter. First Midwest Bank Trust Division now owns 38,056 shares of the company’s stock valued at $4,963,000 after buying an additional 4,305 shares during the last quarter. Pointe Capital Management LLC boosted its stake in shares of 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. Artemis Investment Management LLP boosted its stake in shares of NextEra Energy by 59.8% in the second quarter. Artemis Investment Management LLP now owns 211,103 shares of the company’s stock valued at $27,526,000 after buying an additional 79,019 shares during the last quarter. Finally, PGGM Investments boosted its stake in shares of NextEra Energy by 6.4% in the second quarter. PGGM Investments now owns 717,547 shares of the company’s stock valued at $93,568,000 after buying an additional 42,985 shares during the last quarter. Institutional investors and hedge funds own 74.51% of the company’s stock.
NextEra Energy Inc. (NYSE:NEE) traded down 0.97% during mid-day trading on Monday, reaching $121.13. 1,693,405 shares of the company traded hands. The firm has a market capitalization of $55.96 billion, a price-to-earnings ratio of 21.68 and a beta of 0.28. The stock’s 50 day moving average price is $124.11 and its 200 day moving average price is $122.71. 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 quarterly 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. NextEra Energy had a net margin of 15.36% and a return on equity of 11.82%. The company earned $3.82 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the previous year, the business posted $1.56 EPS. The firm’s revenue was down 12.4% on a year-over-year basis. Equities analysts forecast that NextEra Energy Inc. will post $6.20 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th were given a dividend of $0.87 per share. The ex-dividend date was Friday, August 26th. This represents a $3.48 annualized dividend and a dividend yield of 2.87%. NextEra Energy’s dividend payout ratio is presently 62.59%.
NEE has been the subject of several research reports. KeyCorp reaffirmed an “outperform” rating and issued a $134.00 price target (up previously from $126.00) on shares of NextEra Energy in a research report on Tuesday, July 5th. Deutsche Bank AG cut shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price target for the company. in a research report on Friday, September 23rd. Morgan Stanley reaffirmed a “buy” rating on shares of NextEra Energy in a research report on Monday, August 1st. Mizuho upped their price target on shares of NextEra Energy from $125.00 to $138.00 and gave the stock a “buy” rating in a research report 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 report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. NextEra Energy currently has a consensus rating of “Buy” and an average target price of C$129.26.
In other news, VP Chris N. Froggatt sold 16,467 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The shares were 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 in the company, valued at approximately C$2,924,310.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.66% of the company’s stock.
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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