Boston Advisors LLC reduced its position in NextEra Energy Inc. (NYSE:NEE) by 9.7% during the second quarter, Holdings Channel reports. The institutional investor owned 5,983 shares of the company’s stock after selling 645 shares during the period. Boston Advisors LLC’s holdings in NextEra Energy were worth $780,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Investment Centers of America Inc. increased its position in shares of NextEra Energy by 20.1% in the first quarter. Investment Centers of America Inc. now owns 9,404 shares of the company’s stock worth $1,119,000 after buying an additional 1,573 shares during the last quarter. Sii Investments Inc. WI increased its position in shares of NextEra Energy by 11.0% in the first quarter. Sii Investments Inc. WI now owns 15,631 shares of the company’s stock worth $1,851,000 after buying an additional 1,554 shares during the last quarter. River Wealth Advisors LLC increased its position 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 increased its position 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. Finally, Aperio Group LLC increased its position 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. 74.51% of the stock is currently owned by hedge funds and other institutional investors.
NextEra Energy Inc. (NYSE:NEE) traded down 0.97% on Monday, hitting $121.13. The stock had a trading volume of 1,693,405 shares. NextEra Energy Inc. has a one year low of $96.19 and a one year high of $131.98. The stock has a market cap of $55.96 billion, a P/E ratio of 21.68 and a beta of 0.28. The company’s 50-day moving average is $124.11 and its 200-day moving average is $122.71.
NextEra Energy (NYSE:NEE) last issued its earnings results 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 business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $4.33 billion. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. The business’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period last year, the company posted $1.56 EPS. On average, analysts anticipate that NextEra Energy Inc. will post $6.20 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, August 30th were given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, August 26th. NextEra Energy’s dividend payout ratio (DPR) is currently 62.59%.
A number of brokerages recently commented on NEE. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Goldman Sachs Group Inc. restated a “conviction-buy” rating on shares of NextEra Energy in a research report on Wednesday, June 8th. Argus restated a “buy” rating and issued a $134.00 target price (up previously from $128.00) on shares of NextEra Energy in a research report on Tuesday, June 7th. Mizuho restated a “buy” rating and issued a $138.00 target price on shares of NextEra Energy in a research report on Tuesday, August 30th. Finally, Deutsche Bank AG reduced their target price on NextEra Energy from $134.00 to $133.00 and set a “buy” rating on the stock in a research report on Thursday, July 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. NextEra Energy currently has a consensus rating of “Buy” and an average target price of C$129.26.
In related news, VP Chris N. Froggatt sold 16,467 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of C$127.61, for a total value of C$2,101,353.87. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at this link. 0.66% of the stock is owned by corporate insiders.
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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