Hays Advisory LLC Has $291,000 Position in NextEra Energy, Inc. (NEE)
Hays Advisory LLC increased its position in NextEra Energy, Inc. (NYSE:NEE) by 5.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,075 shares of the utilities provider’s stock after purchasing an additional 104 shares during the period. Hays Advisory LLC’s holdings in NextEra Energy were worth $291,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in NEE. BlackRock Inc. boosted its stake in NextEra Energy by 3,384.2% in the 1st quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after purchasing an additional 36,747,599 shares in the last quarter. APG Asset Management N.V. boosted its stake in NextEra Energy by 75.0% in the 1st quarter. APG Asset Management N.V. now owns 1,971,565 shares of the utilities provider’s stock worth $253,090,000 after purchasing an additional 844,862 shares in the last quarter. Bank of Montreal Can bought a new position in NextEra Energy in the 2nd quarter worth about $83,603,000. Canada Pension Plan Investment Board boosted its stake in NextEra Energy by 7,771.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 399,000 shares of the utilities provider’s stock worth $51,220,000 after purchasing an additional 393,931 shares in the last quarter. Finally, Swiss National Bank boosted its stake in NextEra Energy by 26.1% in the 1st quarter. Swiss National Bank now owns 1,851,224 shares of the utilities provider’s stock worth $237,642,000 after purchasing an additional 382,800 shares in the last quarter. Institutional investors own 75.67% of the company’s stock.
A number of equities analysts recently issued reports on the stock. KeyCorp reiterated a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research note on Friday, September 1st. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Morgan Stanley upped their price target on shares of NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday. J P Morgan Chase & Co assumed coverage on shares of NextEra Energy in a research note on Thursday. They issued an “overweight” rating and a $173.00 price target on the stock. Finally, BidaskClub upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. NextEra Energy presently has an average rating of “Buy” and a consensus price target of $151.15.
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In other news, Director James L. Robo sold 30,000 shares of the business’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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.53% of the stock is currently owned by insiders.
NextEra Energy, Inc. (NYSE:NEE) traded down 0.82% during trading on Friday, reaching $148.26. 2,949,171 shares of the company’s stock traded hands. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $151.30. The firm has a market cap of $69.57 billion, a price-to-earnings ratio of 16.98 and a beta of 0.33. The company has a 50 day moving average of $148.04 and a 200 day moving average of $138.61.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share 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 business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the firm earned $1.67 earnings per share. The company’s revenue was up 15.4% on a year-over-year basis. Equities research analysts predict that NextEra Energy, Inc. will post $6.73 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid 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 dividend yield of 2.65%. NextEra Energy’s payout ratio is 45.02%.
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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