Fisher Asset Management LLC acquired a new position in NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,284 shares of the utilities provider’s stock, valued at approximately $320,000.
Several other hedge funds have also recently added to or reduced their stakes in NEE. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in shares of NextEra Energy by 8.9% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 71 shares during the period. Ruggie Capital Group acquired a new stake in shares of NextEra Energy in the 1st quarter worth about $191,000. Oarsman Capital Inc. acquired a new stake in shares of NextEra Energy in the 1st quarter worth about $200,000. CCM Investment Advisers LLC acquired a new stake in shares of NextEra Energy in the 1st quarter worth about $200,000. Finally, Appleton Group LLC acquired a new stake in shares of NextEra Energy in the 1st quarter worth about $202,000. 75.67% of the stock is currently owned by institutional investors and hedge funds.
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NEE has been the topic of a number of analyst reports. BidaskClub cut shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Wells Fargo & Company reiterated an “outperform” rating and issued a $158.00 target price (up previously from $150.00) on shares of NextEra Energy in a research report on Monday, June 19th. BMO Capital Markets reiterated a “buy” rating and issued a $156.00 target price (up previously from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $147.00 target price (up previously from $144.00) on shares of NextEra Energy in a research report on Sunday, July 9th. Finally, Goldman Sachs Group, Inc. (The) started coverage on shares of NextEra Energy in a research report on Monday, July 24th. They issued a “buy” rating and a $160.00 target price for the company. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $151.15.
In other NextEra Energy 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 legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.53% of the company’s stock.
NextEra Energy, Inc. (NYSE NEE) traded down 1.79% during trading on Tuesday, hitting $148.69. 843,604 shares of the stock traded hands. The firm’s 50-day moving average is $148.14 and its 200 day moving average is $138.83. The stock has a market cap of $69.77 billion, a P/E ratio of 17.03 and a beta of 0.33. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $151.35.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.10. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.67 EPS. Equities research analysts forecast that NextEra Energy, Inc. will post $6.73 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a yield of 2.60%. NextEra Energy’s dividend payout ratio is currently 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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