Private Wealth Partners LLC Purchases 456 Shares of NextEra Energy Inc (NYSE:NEE)
Private Wealth Partners LLC grew its position in shares of NextEra Energy Inc (NYSE:NEE) by 6.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,101 shares of the utilities provider’s stock after acquiring an additional 456 shares during the period. Private Wealth Partners LLC’s holdings in NextEra Energy were worth $1,455,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Meridian Financial Partners LLC increased its position in shares of NextEra Energy by 1.8% during the second quarter. Meridian Financial Partners LLC now owns 2,824 shares of the utilities provider’s stock valued at $588,000 after buying an additional 49 shares during the period. Grove Bank & Trust grew its holdings in NextEra Energy by 1.0% in the second quarter. Grove Bank & Trust now owns 4,954 shares of the utilities provider’s stock worth $1,015,000 after purchasing an additional 49 shares during the period. Bogart Wealth LLC grew its holdings in NextEra Energy by 1.4% in the second quarter. Bogart Wealth LLC now owns 4,026 shares of the utilities provider’s stock worth $824,000 after purchasing an additional 54 shares during the period. Ullmann Financial Group Inc. grew its holdings in NextEra Energy by 2.7% in the second quarter. Ullmann Financial Group Inc. now owns 2,130 shares of the utilities provider’s stock worth $436,000 after purchasing an additional 57 shares during the period. Finally, Heritage Wealth Advisors grew its holdings in NextEra Energy by 16.1% in the first quarter. Heritage Wealth Advisors now owns 432 shares of the utilities provider’s stock worth $84,000 after purchasing an additional 60 shares during the period. 76.24% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on the stock. Bank of America upped their price objective on shares of NextEra Energy from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Barclays cut shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price objective on the stock. in a report on Tuesday, August 13th. Credit Suisse Group upped their price objective on shares of NextEra Energy from $231.00 to $232.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Wells Fargo & Co upped their price objective on shares of NextEra Energy from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $214.38.
Shares of NYSE:NEE traded down $0.47 during trading on Thursday, reaching $220.79. 915,945 shares of the stock traded hands, compared to its average volume of 1,725,215. The stock has a 50-day moving average of $211.53 and a two-hundred day moving average of $198.01. NextEra Energy Inc has a 52-week low of $164.25 and a 52-week high of $221.34. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.42 and a current ratio of 0.52. The stock has a market cap of $104.90 billion, a P/E ratio of 28.67, a price-to-earnings-growth ratio of 3.26 and a beta of 0.22.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $2.35 EPS for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.07. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The firm had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same quarter in the prior year, the company posted $2.08 earnings per share. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. Sell-side analysts expect that NextEra Energy Inc will post 8.38 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 29th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Wednesday, August 28th. NextEra Energy’s payout ratio is 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.
Recommended Story: Technical Analysis of Stocks and What It Means
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.