NextEra Energy, Inc. (NYSE:NEE) Stake Held by Investment House LLC
Investment House LLC continued to hold its position 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 fund owned 6,500 shares of the utilities provider’s stock at the end of the second quarter. Investment House LLC’s holdings in NextEra Energy were worth $911,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after buying an additional 71 shares during the last quarter. Pinnacle Bank purchased a new position in shares of NextEra Energy during the first quarter valued at about $161,000. Norway Savings Bank boosted its position in shares of NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock valued at $172,000 after buying an additional 18 shares during the last quarter. Baystate Wealth Management LLC boosted its position in shares of NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock valued at $174,000 after buying an additional 441 shares during the last quarter. Finally, Ruggie Capital Group purchased a new position in shares of NextEra Energy during the first quarter valued at about $191,000. 76.72% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy, Inc. (NYSE NEE) traded down 0.37% on Friday, hitting $147.18. The stock had a trading volume of 1,271,479 shares. The stock has a market cap of $69.06 billion, a P/E ratio of 16.86 and a beta of 0.32. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $148.30. The company’s 50 day moving average is $143.37 and its 200-day moving average is $135.07.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, beating the consensus estimate of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter last year, the firm earned $1.67 earnings per share. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. Analysts forecast that NextEra Energy, Inc. will post $6.72 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a dividend of $0.9825 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a yield of 2.67%. NextEra Energy’s dividend payout ratio (DPR) is 45.02%.
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Several brokerages have issued reports on NEE. Goldman Sachs Group, Inc. (The) began coverage on NextEra Energy in a research report on Monday, July 24th. They issued a “buy” rating and a $160.00 target price on the stock. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday. Royal Bank Of Canada reissued an “outperform” rating and issued a $147.00 target price (up from $144.00) on shares of NextEra Energy in a research report on Sunday, July 9th. Morgan Stanley raised their target price on NextEra Energy from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, May 8th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $158.00 target price (up from $150.00) on shares of NextEra Energy in a research report on Monday, June 19th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $148.64.
In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total transaction of $4,411,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric E. Silagy sold 8,111 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total value of $1,140,244.38. Following the sale, the director now directly owns 26,884 shares of the company’s stock, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,431 shares of company stock valued at $12,692,378. 0.53% of the stock is owned by insiders.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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