Court Place Advisors LLC increased its stake in NextEra Energy Inc. (NYSE:NEE) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,410 shares of the company’s stock after buying an additional 46 shares during the period. Court Place Advisors LLC’s holdings in NextEra Energy were worth $836,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cribstone Capital Management LLC bought a new position in shares of NextEra Energy during the second quarter valued at $149,000. Vigilant Capital Management LLC raised its position 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 during the last quarter. Winslow Evans & Crocker Inc. raised its position 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 during the last quarter. Cornerstone Advisors Inc. raised its position in shares of NextEra Energy by 0.4% in the second quarter. Cornerstone Advisors Inc. now owns 1,627 shares of the company’s stock valued at $212,000 after buying an additional 7 shares during the last quarter. Finally, Shufro Rose & Co. LLC bought a new position in shares of NextEra Energy during the first quarter valued at $201,000. Institutional investors and hedge funds own 74.52% of the company’s stock.
NextEra Energy Inc. (NYSE:NEE) traded down 1.00% during mid-day trading on Friday, hitting $126.75. 2,452,134 shares of the stock were exchanged. The company has a market cap of $58.55 billion, a P/E ratio of 22.68 and a beta of 0.33. The company has a 50-day moving average price of $124.45 and a 200-day moving average price of $122.27. NextEra Energy Inc. has a one year low of $95.84 and a one year high of $131.98.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.67 EPS for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.10. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. The firm earned $3.82 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period last year, the company posted $1.56 EPS. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. On average, analysts predict that NextEra Energy Inc. will post $6.20 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th were issued 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 2.75%. NextEra Energy’s dividend payout ratio is 62.59%.
Several research analysts have recently weighed in on the stock. Deutsche Bank AG reiterated a “buy” rating and set a $123.00 price objective on shares of NextEra Energy in a report on Wednesday, June 1st. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of NextEra Energy in a report on Wednesday, June 8th. Argus reiterated a “buy” rating and set a $134.00 price objective (up from $128.00) on shares of NextEra Energy in a report on Tuesday, June 7th. Finally, Mizuho reiterated a “buy” rating and set a $138.00 price objective on shares of NextEra Energy in a report on Tuesday, August 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$128.94.
In other news, VP Chris N. Froggatt sold 16,467 shares of NextEra Energy 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 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 NextEra Energy 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.
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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