Private Wealth Partners LLC maintained its stake in shares of NextEra Energy Inc. (NYSE:NEE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,000 shares of the company’s stock at the end of the second quarter. Private Wealth Partners LLC’s holdings in NextEra Energy were worth $522,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. River Wealth Advisors LLC raised its stake in shares of NextEra Energy by 1.6% in the first quarter. River Wealth Advisors LLC now owns 5,309 shares of the company’s stock worth $628,000 after buying an additional 82 shares during the last quarter. Commonwealth Equity Services Inc raised its stake in shares of NextEra Energy by 5.1% in the first quarter. Commonwealth Equity Services Inc now owns 317,590 shares of the company’s stock worth $37,584,000 after buying an additional 15,483 shares during the last quarter. Aperio Group LLC raised its stake in shares of NextEra Energy by 7.4% in the first quarter. Aperio Group LLC now owns 271,151 shares of the company’s stock worth $32,088,000 after buying an additional 18,635 shares during the last quarter. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of NextEra Energy during the first quarter worth approximately $1,195,000. Finally, Virginia Retirement System acquired a new stake in shares of NextEra Energy during the first quarter worth approximately $7,085,000. Hedge funds and other institutional investors own 74.51% of the company’s stock.
Shares of NextEra Energy Inc. (NYSE:NEE) traded down 1.84% during mid-day trading on Tuesday, hitting $118.90. The stock had a trading volume of 2,301,348 shares. The stock has a market capitalization of $54.93 billion, a P/E ratio of 21.28 and a beta of 0.28. The stock has a 50 day moving average of $123.93 and a 200-day moving average of $122.72. 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 data on Wednesday, July 27th. The company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.10. The company 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%. NextEra Energy’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.56 earnings per share. On average, equities research analysts predict that NextEra Energy Inc. will post $6.20 earnings per share for the current year.
The company 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 of this dividend was Friday, August 26th. This represents a $3.48 annualized dividend and a dividend yield of 2.93%. NextEra Energy’s dividend payout ratio is currently 62.59%.
A number of equities research analysts have commented on NEE shares. Argus restated a “buy” rating and set a $134.00 price objective (up from $128.00) on shares of NextEra Energy in a research report on Tuesday, June 7th. Goldman Sachs Group Inc. restated a “conviction-buy” rating on shares of NextEra Energy in a research report on Wednesday, June 8th. Morgan Stanley started coverage on NextEra Energy in a research report on Wednesday, June 29th. They set a “hold” rating and a $146.00 price objective for the company. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Tuesday, July 5th. Finally, KeyCorp reaffirmed 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of C$129.26.
In other news, VP Chris N. Froggatt sold 16,467 shares of the company’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 transaction, the vice president now directly 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 Securities & Exchange Commission, which can be accessed through this link. 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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