Marshall & Sullivan Inc. WA Makes New Investment in NextEra Energy Inc (NYSE:NEE)
Marshall & Sullivan Inc. WA purchased a new position in shares of NextEra Energy Inc (NYSE:NEE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,002 shares of the utilities provider’s stock, valued at approximately $205,000.
Several other institutional investors have also bought and sold shares of NEE. Northern Trust Corp lifted its holdings in shares of NextEra Energy by 1.6% in the 1st quarter. Northern Trust Corp now owns 6,786,481 shares of the utilities provider’s stock worth $1,311,963,000 after purchasing an additional 107,426 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of NextEra Energy by 20.1% in the 1st quarter. California Public Employees Retirement System now owns 2,886,266 shares of the utilities provider’s stock worth $557,973,000 after purchasing an additional 483,263 shares in the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of NextEra Energy by 4.9% in the 1st quarter. Commonwealth Bank of Australia now owns 2,272,592 shares of the utilities provider’s stock worth $439,322,000 after purchasing an additional 106,769 shares in the last quarter. Pictet Asset Management Ltd. lifted its holdings in shares of NextEra Energy by 23.6% in the 1st quarter. Pictet Asset Management Ltd. now owns 2,021,758 shares of the utilities provider’s stock worth $390,846,000 after purchasing an additional 385,763 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in shares of NextEra Energy by 4.8% in the 1st quarter. Neuberger Berman Group LLC now owns 1,978,741 shares of the utilities provider’s stock worth $382,530,000 after purchasing an additional 91,003 shares in the last quarter. Hedge funds and other institutional investors own 76.24% of the company’s stock.
In other news, EVP Joseph T. Kelliher sold 5,741 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $207.26, for a total transaction of $1,189,879.66. Following the completion of the sale, the executive vice president now directly owns 37,235 shares of the company’s stock, valued at approximately $7,717,326.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James L. Robo sold 15,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $204.86, for a total value of $3,072,900.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,878 shares of company stock valued at $17,312,768. Insiders own 0.48% of the company’s stock.
NYSE NEE traded up $1.27 on Wednesday, reaching $220.40. The company had a trading volume of 80,847 shares, compared to its average volume of 1,736,656. The stock has a market capitalization of $104.99 billion, a P/E ratio of 28.60, a P/E/G ratio of 3.24 and a beta of 0.22. The company’s fifty day moving average is $211.27 and its 200 day moving average is $197.80. NextEra Energy Inc has a 52-week low of $164.25 and a 52-week high of $219.80. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.88.
NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.07. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The firm had revenue of $4.97 billion during the quarter, compared to analyst estimates of $4.68 billion. During the same period last year, the firm posted $2.08 EPS. The business’s revenue was up 22.3% compared to the same quarter last year. On average, research analysts expect that NextEra Energy Inc will post 8.38 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 29th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Wednesday, August 28th. NextEra Energy’s dividend payout ratio is presently 64.94%.
NextEra Energy Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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