NextEra Energy, Inc. (NEE) Shares Sold by Guardian Life Insurance Co. of America
Guardian Life Insurance Co. of America decreased its stake in NextEra Energy, Inc. (NYSE:NEE) by 99.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,802 shares of the utilities provider’s stock after selling 282,988 shares during the period. Guardian Life Insurance Co. of America’s holdings in NextEra Energy were worth $231,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in NEE. APG Asset Management N.V. boosted its stake in NextEra Energy by 75.0% in the first quarter. APG Asset Management N.V. now owns 1,971,565 shares of the utilities provider’s stock valued at $253,090,000 after buying an additional 844,862 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in NextEra Energy by 7,771.4% in the first quarter. Canada Pension Plan Investment Board now owns 399,000 shares of the utilities provider’s stock valued at $51,220,000 after buying an additional 393,931 shares in the last quarter. Swiss National Bank boosted its stake in NextEra Energy by 26.1% in the first quarter. Swiss National Bank now owns 1,851,224 shares of the utilities provider’s stock valued at $237,642,000 after buying an additional 382,800 shares in the last quarter. Alliancebernstein L.P. boosted its stake in NextEra Energy by 11.3% in the first quarter. Alliancebernstein L.P. now owns 3,067,768 shares of the utilities provider’s stock valued at $393,809,000 after buying an additional 310,903 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in NextEra Energy during the first quarter valued at about $34,726,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.
NextEra Energy, Inc. (NEE) traded down 0.26% during trading on Tuesday, reaching $150.06. The company’s stock had a trading volume of 250,996 shares. The stock has a 50-day moving average of $144.66 and a 200 day moving average of $136.49. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $150.84. The firm has a market capitalization of $70.41 billion, a P/E ratio of 17.19 and a beta of 0.32.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the company posted $1.67 earnings per share. The business’s revenue was up 15.4% on a year-over-year basis. On average, equities research analysts predict that NextEra Energy, Inc. will post $6.72 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio is currently 45.02%.
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NEE has been the subject of several research analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $144.00 target price on shares of NextEra Energy in a research report on Tuesday, May 2nd. Morgan Stanley increased 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. Goldman Sachs Group, Inc. (The) initiated coverage on NextEra Energy in a research report on Monday, July 24th. They set a “buy” rating and a $160.00 target price for the company. BMO Capital Markets reiterated a “buy” rating and set a $156.00 target price (up previously from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. Finally, BidaskClub cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $148.64.
In related news, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction dated 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 document filed with the SEC, which is available at this link. Also, Director Eric E. Silagy sold 8,111 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 26,884 shares in the company, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.
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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