Neville Rodie & Shaw Inc. Decreases Holdings in NextEra Energy, Inc. (NEE)
Neville Rodie & Shaw Inc. reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,218 shares of the utilities provider’s stock after selling 6,521 shares during the quarter. NextEra Energy accounts for 1.7% of Neville Rodie & Shaw Inc.’s portfolio, making the stock its 6th largest position. Neville Rodie & Shaw Inc.’s holdings in NextEra Energy were worth $15,566,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in NEE. Hanson McClain Inc. boosted its stake in shares of NextEra Energy by 6.0% in the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 43 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake 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 purchasing an additional 71 shares during the period. Highstreet Asset Management Inc. purchased a new position in shares of NextEra Energy in the second quarter valued at $134,000. Atlantic Trust LLC purchased a new position in shares of NextEra Energy in the second quarter valued at $154,000. Finally, Pacific Center for Financial Services boosted its stake in shares of NextEra Energy by 50.1% in the second quarter. Pacific Center for Financial Services now owns 1,139 shares of the utilities provider’s stock valued at $160,000 after purchasing an additional 380 shares during the period. Institutional investors own 74.55% of the company’s stock.
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Several research analysts have recently weighed in on NEE shares. KeyCorp restated a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Morgan Stanley upped their target price on shares of NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, September 8th. Bank of America Corporation started coverage on shares of NextEra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $166.00 target price for the company. Finally, Goldman Sachs Group, Inc. (The) started coverage on shares of NextEra Energy in a research note on Monday, July 24th. They issued a “buy” rating and a $160.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. NextEra Energy currently has an average rating of “Buy” and an average target price of $155.38.
NextEra Energy, Inc. (NEE) opened at $156.04 on Monday. NextEra Energy, Inc. has a 52 week low of $112.63 and a 52 week high of $159.28. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. The company has a market cap of $73,400.84, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 3.10 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the prior year, the firm posted $1.74 EPS. The firm’s revenue was up .1% compared to the same quarter last year. equities research analysts predict that NextEra Energy, Inc. will post 6.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.9825 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a yield of 2.52%. NextEra Energy’s dividend payout ratio (DPR) is 44.16%.
In other NextEra Energy news, EVP Charles E. Sieving sold 30,485 shares of the stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the sale, the executive vice president now directly owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James L. Robo sold 30,000 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total transaction of $4,545,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 65,385 shares of company stock worth $9,748,482 over the last quarter. 0.53% of the stock is currently owned by insiders.
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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