NextEra Energy, Inc. (NEE) Shares Sold by Pathstone Family Office LLC
Pathstone Family Office LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 20.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136 shares of the utilities provider’s stock after selling 36 shares during the quarter. Pathstone Family Office LLC’s holdings in NextEra Energy were worth $2,259,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. grew its stake in NextEra Energy by 0.6% in the second quarter. BlackRock Inc. now owns 38,051,440 shares of the utilities provider’s stock worth $5,332,149,000 after purchasing an additional 217,972 shares in the last quarter. Wellington Management Group LLP grew its stake in NextEra Energy by 0.8% in the first quarter. Wellington Management Group LLP now owns 19,961,544 shares of the utilities provider’s stock worth $2,562,463,000 after purchasing an additional 167,275 shares in the last quarter. FMR LLC grew its stake in NextEra Energy by 0.4% in the first quarter. FMR LLC now owns 7,680,705 shares of the utilities provider’s stock worth $985,973,000 after purchasing an additional 30,135 shares in the last quarter. Geode Capital Management LLC grew its stake in NextEra Energy by 7.9% in the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock worth $586,925,000 after purchasing an additional 336,562 shares in the last quarter. Finally, Alliancebernstein L.P. grew 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 worth $393,809,000 after purchasing an additional 310,903 shares in the last quarter. 75.30% of the stock is currently owned by institutional investors.
In related news, EVP Joseph T. Kelliher sold 2,000 shares of the business’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the transaction, the executive vice president now owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,385 shares of company stock valued at $9,614,382. Insiders own 0.53% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE NEE) opened at 155.07 on Wednesday. The stock has a 50 day moving average price of $149.99 and a 200-day moving average price of $143.95. The firm has a market cap of $72.76 billion, a PE ratio of 17.76 and a beta of 0.31. NextEra Energy, Inc. has a 52-week low of $110.49 and a 52-week high of $156.80.
NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. The firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.74 earnings per share. On average, equities analysts anticipate that NextEra Energy, Inc. will post $6.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.53%. NextEra Energy’s payout ratio is currently 44.16%.
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Several analysts have issued reports on NEE shares. KeyCorp reaffirmed a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a research report on Friday, September 1st. Morgan Stanley increased their target price on NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, September 8th. BidaskClub cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Finally, J P Morgan Chase & Co started coverage on NextEra Energy in a research report on Thursday, September 7th. They set an “overweight” rating and a $173.00 target price on the stock. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $154.69.
NextEra Energy 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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