Grimes & Company Inc. continued to hold its position in NextEra Energy Inc. (NYSE:NEE) during the second quarter, Holdings Channel reports. The institutional investor owned 2,773 shares of the company’s stock at the end of the second quarter. Grimes & Company Inc.’s holdings in NextEra Energy were worth $362,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of NEE. Cribstone Capital Management LLC purchased a new stake in shares of NextEra Energy during the second quarter valued at $149,000. Vigilant Capital Management LLC increased its stake in shares of 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 in the last quarter. Winslow Evans & Crocker Inc. increased its stake in shares of 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 in the last quarter. Shufro Rose & Co. LLC purchased a new stake in shares of NextEra Energy during the first quarter valued at $201,000. Finally, Hancock Holding Co. purchased a new stake in shares of NextEra Energy during the first quarter valued at $202,000. Institutional investors own 74.52% of the company’s stock.
NextEra Energy Inc. (NYSE:NEE) traded down 1.00% on Friday, hitting $126.75. 2,452,134 shares of the stock traded hands. NextEra Energy Inc. has a 12-month low of $95.84 and a 12-month high of $131.98. The stock has a market capitalization of $58.55 billion, a P/E ratio of 22.68 and a beta of 0.33. The company’s 50 day moving average price is $124.45 and its 200-day moving average price is $122.27.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $4.33 billion. NextEra Energy had a net margin of 15.36% and a return on equity of 11.82%. The firm’s quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.56 EPS. Analysts predict that NextEra Energy Inc. will post $6.20 EPS for the current year.
The business also recently declared 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 annualized dividend and a yield of 2.75%. NextEra Energy’s dividend payout ratio (DPR) is 62.59%.
Several analysts recently weighed in on NEE shares. Deutsche Bank AG downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price objective on the stock. in a research report on Friday. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. KeyCorp reiterated an “outperform” rating and issued a $134.00 price objective (up from $126.00) on shares of NextEra Energy in a research report on Tuesday, July 5th. Morgan Stanley reiterated a “buy” rating on shares of NextEra Energy in a research report on Monday, August 1st. Finally, Argus reiterated a “buy” rating and issued a $134.00 price objective (up from $128.00) on shares of NextEra Energy in a research report on Tuesday, June 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of C$128.94.
In related news, VP Chris N. Froggatt sold 16,467 shares of the company’s stock in a transaction dated 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 transaction, 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 filing with the SEC, which can be accessed through this link. Also, Treasurer Paul I. Cutler sold 4,796 shares of the company’s stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of C$130.00, for a total transaction of C$623,480.00. Following the transaction, the treasurer now owns 69,977 shares in the company, valued at approximately C$9,097,010. The disclosure for this sale can be found here. 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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