Virginia Retirement Systems ET AL acquired a new stake in shares of NextEra Energy Inc. (NYSE:NEE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,400 shares of the company’s stock, valued at approximately $1,747,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in NEE. Sigma Planning Corp increased its position in shares of NextEra Energy by 10.1% in the first quarter. Sigma Planning Corp now owns 14,891 shares of the company’s stock valued at $1,762,000 after buying an additional 1,361 shares in the last quarter. Private Trust Co. NA increased its position in shares of NextEra Energy by 1.1% in the first quarter. Private Trust Co. NA now owns 5,490 shares of the company’s stock valued at $649,000 after buying an additional 59 shares in the last quarter. Traynor Capital Management Inc. purchased a new position in shares of NextEra Energy during the first quarter valued at approximately $317,000. FirstMerit Bank N A Trustee increased its position in shares of NextEra Energy by 0.5% in the first quarter. FirstMerit Bank N A Trustee now owns 33,416 shares of the company’s stock valued at $3,955,000 after buying an additional 166 shares in the last quarter. Finally, Boston Advisors LLC increased its position in shares of NextEra Energy by 3.1% in the first quarter. Boston Advisors LLC now owns 6,628 shares of the company’s stock valued at $784,000 after buying an additional 201 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.
NextEra Energy Inc. (NYSE:NEE) opened at 126.75 on Monday. The stock’s 50 day moving average is $124.45 and its 200-day moving average is $122.27. The company has a market cap of $58.55 billion, a PE ratio of 22.68 and a beta of 0.33. NextEra Energy Inc. has a 52-week low of $95.84 and a 52-week high of $131.98.
NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 27th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $4.33 billion. NextEra Energy had a net margin of 15.36% and a return on equity of 11.82%. The firm’s revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.56 EPS. Equities research analysts predict that NextEra Energy Inc. will post $6.20 EPS for the current fiscal year.
The firm 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 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Friday, August 26th. NextEra Energy’s payout ratio is presently 62.59%.
NEE has been the subject of several research analyst reports. Deutsche Bank AG restated a “buy” rating and set a $123.00 price objective on shares of NextEra Energy in a research report on Wednesday, June 1st. Argus reiterated a “buy” rating and set a $134.00 price target (up from $128.00) on shares of NextEra Energy in a report on Tuesday, June 7th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of NextEra Energy in a report on Wednesday, June 8th. Morgan Stanley initiated coverage on shares of NextEra Energy in a report on Wednesday, June 29th. They set a “hold” rating and a $146.00 price target for the company. Finally, Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$128.94.
In related news, VP Chris N. Froggatt sold 16,467 shares of NextEra Energy stock in a transaction on Friday, July 29th. The shares were 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 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 is available through the SEC website. Also, Treasurer Paul I. Cutler sold 4,796 shares of NextEra Energy stock in a transaction on 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 completion of 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. 0.66% of the stock is currently owned by corporate insiders.
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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