Welch Group LLC lowered its stake in NextEra Energy Inc. (NYSE:NEE) by 22.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 123,412 shares of the company’s stock after selling 35,110 shares during the period. NextEra Energy comprises approximately 3.3% of Welch Group LLC’s investment portfolio, making the stock its 6th largest position. Welch Group LLC’s holdings in NextEra Energy were worth $16,092,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in shares of NextEra Energy by 14.6% in the first quarter. Wellington Management Group LLP now owns 19,485,140 shares of the company’s stock worth $2,305,872,000 after buying an additional 2,480,652 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of NextEra Energy by 2.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 12,778,799 shares of the company’s stock worth $1,512,243,000 after buying an additional 273,160 shares during the period. BlackRock Fund Advisors boosted its stake in shares of NextEra Energy by 4.9% in the first quarter. BlackRock Fund Advisors now owns 8,900,844 shares of the company’s stock worth $1,053,326,000 after buying an additional 419,499 shares during the period. BlackRock Group LTD boosted its stake in shares of NextEra Energy by 9.4% in the first quarter. BlackRock Group LTD now owns 4,778,848 shares of the company’s stock worth $565,529,000 after buying an additional 411,972 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of NextEra Energy by 5.8% in the first quarter. Geode Capital Management LLC now owns 3,814,439 shares of the company’s stock worth $450,504,000 after buying an additional 210,101 shares during the period. 74.51% of the stock is owned by hedge funds and other institutional investors.
NextEra Energy Inc. (NYSE:NEE) traded down 1.84% on Tuesday, reaching $118.90. The company’s stock had a trading volume of 2,301,348 shares. The firm has a market cap of $54.93 billion, a price-to-earnings ratio of 21.28 and a beta of 0.28. The firm has a 50 day moving average of $124.11 and a 200 day moving average of $122.71. NextEra Energy Inc. has a 12 month low of $96.19 and a 12 month high of $131.98.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.10. The firm earned $3.82 billion during the quarter, compared to the consensus estimate of $4.33 billion. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. The company’s quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.56 earnings per share. Analysts anticipate that NextEra Energy Inc. will post $6.20 earnings per share for the current year.
The business also recently announced 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 dividend yield of 2.93%. NextEra Energy’s payout ratio is 62.59%.
Several equities analysts recently issued reports on the company. Mizuho boosted their price objective on NextEra Energy from $125.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, July 18th. Zacks Investment Research downgraded NextEra Energy from a “hold” rating to a “sell” rating in a research report on Friday, July 22nd. BMO Capital Markets reaffirmed a “buy” rating and set a $135.00 price target on shares of NextEra Energy in a research report on Thursday, July 28th. Morgan Stanley initiated coverage on NextEra Energy in a research report on Wednesday, June 29th. They set a “hold” rating and a $146.00 price target for the company. Finally, Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating on shares of NextEra Energy in a research report on Wednesday, June 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. NextEra Energy presently has an average rating of “Buy” and an average target price of C$129.26.
In related news, VP Chris N. Froggatt sold 16,467 shares of NextEra Energy stock in a transaction that occurred on 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 transaction, the vice president now owns 22,916 shares of the company’s stock, valued at C$2,924,310.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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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