Capital One National Association Has $3.03 Million Stake in NextEra Energy, Inc. (NEE)
Capital One National Association lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 30.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,617 shares of the utilities provider’s stock after acquiring an additional 5,099 shares during the period. Capital One National Association’s holdings in NextEra Energy were worth $3,030,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Waldron LP boosted its stake in NextEra Energy by 1.6% during the first quarter. Waldron LP now owns 5,510 shares of the utilities provider’s stock valued at $707,000 after buying an additional 87 shares during the period. Headinvest LLC raised its position in NextEra Energy by 22.5% during the first quarter. Headinvest LLC now owns 4,361 shares of the utilities provider’s stock valued at $560,000 after purchasing an additional 800 shares in the last quarter. Sit Investment Associates Inc. raised its position in NextEra Energy by 4.2% during the first quarter. Sit Investment Associates Inc. now owns 233,810 shares of the utilities provider’s stock valued at $30,014,000 after purchasing an additional 9,330 shares in the last quarter. Adviser Investments LLC purchased a new stake in NextEra Energy during the first quarter valued at about $264,000. Finally, Baystate Wealth Management LLC raised its position in NextEra Energy by 49.4% during the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock valued at $174,000 after purchasing an additional 441 shares in the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.
NEE has been the topic of a number of research reports. BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) started coverage on NextEra Energy in a report on Monday, July 24th. They set a “buy” rating and a $160.00 price target on the stock. KeyCorp restated a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a report on Friday, September 1st. BMO Capital Markets restated a “buy” rating and set a $156.00 price target (up previously from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. Finally, Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and an average price target of $149.17.
Shares of NextEra Energy, Inc. (NEE) traded down 0.5435% on Wednesday, hitting $149.4434. 536,316 shares of the company were exchanged. The stock has a market capitalization of $70.12 billion, a PE ratio of 17.1164 and a beta of 0.33. The firm’s 50-day moving average is $147.49 and its 200-day moving average is $138.39. NextEra Energy, Inc. has a 52-week low of $110.49 and a 52-week high of $151.30.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.10. The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. NextEra Energy’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.67 earnings per share. Equities research analysts predict that NextEra Energy, Inc. will post $6.73 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a yield of 2.62%. NextEra Energy’s payout ratio is presently 45.02%.
In related news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were 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 through this hyperlink. Insiders own 0.53% of the company’s stock.
NextEra Energy Company Profile
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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