Strs Ohio raised its position in shares of NextEra Energy Inc. (NYSE:NEE) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 603,601 shares of the company’s stock after buying an additional 13,876 shares during the period. Strs Ohio’s holdings in NextEra Energy were worth $78,709,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in NEE. Cribstone Capital Management LLC acquired a new stake in NextEra Energy during the second quarter worth approximately $149,000. Vigilant Capital Management LLC increased its stake in NextEra Energy by 121.9% in the second quarter. Vigilant Capital Management LLC now owns 1,238 shares of the company’s stock worth $161,000 after buying an additional 680 shares during the period. Winslow Evans & Crocker Inc. increased its stake in NextEra Energy by 9.2% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,376 shares of the company’s stock worth $179,000 after buying an additional 116 shares during the period. Shufro Rose & Co. LLC acquired a new stake in NextEra Energy during the first quarter worth approximately $201,000. Finally, Hancock Holding Co. acquired a new stake in NextEra Energy during the first quarter worth approximately $202,000. 74.52% of the stock is owned by institutional investors.
NextEra Energy Inc. (NYSE:NEE) traded down 1.00% during trading on Friday, hitting $126.75. The stock had a trading volume of 2,452,134 shares. NextEra Energy Inc. has a 12-month low of $95.84 and a 12-month high of $131.98. 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 of $124.45 and a 200-day moving average of $122.27.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.10. The business earned $3.82 billion during 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 company’s revenue was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.56 earnings per share. On average, equities analysts predict that NextEra Energy Inc. will post $6.20 EPS for the current year.
The business also recently announced 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. This represents a $3.48 annualized dividend and a dividend yield of 2.75%. The ex-dividend date was Friday, August 26th. NextEra Energy’s dividend payout ratio is 62.59%.
A number of equities research analysts have commented on NEE shares. Mizuho reissued a “buy” rating and issued a $138.00 target price on shares of NextEra Energy in a report on Tuesday, August 30th. Morgan Stanley reissued a “buy” rating on shares of NextEra Energy in a report on Monday, August 1st. Deutsche Bank AG reduced their target price on NextEra Energy from $134.00 to $133.00 and set a “buy” rating for the company in a report on Thursday, July 28th. BMO Capital Markets restated a “buy” rating and issued a $135.00 price target on shares of NextEra Energy in a research report on Thursday, July 28th. Finally, Argus restated a “buy” rating and issued a $134.00 price target (up previously from $128.00) on shares of NextEra Energy in a research report on Tuesday, June 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$128.94.
In other NextEra Energy news, 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 value of C$623,480.00. Following the transaction, the treasurer now directly owns 69,977 shares of the company’s stock, valued at approximately C$9,097,010. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 value of C$2,101,353.87. Following the completion of the transaction, the vice president now directly owns 22,916 shares in the company, valued at C$2,924,310.76. 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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