Moors & Cabot Inc. reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 22.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,296 shares of the company’s stock after selling 1,549 shares during the quarter. Moors & Cabot Inc.’s holdings in NextEra Energy were worth $741,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of NEE. BlackRock Inc. raised its position in NextEra Energy by 0.6% in the second quarter. BlackRock Inc. now owns 38,051,440 shares of the company’s stock worth $5,332,149,000 after acquiring an additional 217,972 shares in the last quarter. Vanguard Group Inc. raised its position in NextEra Energy by 4.6% in the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the company’s stock worth $4,785,120,000 after acquiring an additional 1,503,907 shares in the last quarter. Wellington Management Group LLP raised its position in NextEra Energy by 0.8% in the first quarter. Wellington Management Group LLP now owns 19,961,544 shares of the company’s stock worth $2,562,463,000 after acquiring an additional 167,275 shares in the last quarter. FMR LLC raised its position in NextEra Energy by 1.1% in the second quarter. FMR LLC now owns 7,767,929 shares of the company’s stock worth $1,088,520,000 after acquiring an additional 87,224 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in NextEra Energy by 7.9% in the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the company’s stock worth $586,925,000 after acquiring an additional 336,562 shares in the last quarter. Institutional investors and hedge funds own 75.23% of the company’s stock.
In other NextEra Energy news, EVP Charles E. Sieving sold 30,485 shares of NextEra Energy stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of C$146.56, for a total transaction of C$4,467,881.60. Following the transaction, the executive vice president now owns 78,167 shares of the company’s stock, valued at approximately C$11,456,155.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of C$151.52, for a total value of C$4,545,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,385 shares of company stock worth $9,748,482. Company insiders own 0.53% of the company’s stock.
Several brokerages have commented on NEE. Bank of America Corporation began coverage on shares of NextEra Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price target on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $156.00 price target on shares of NextEra Energy in a research report on Tuesday, November 7th. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. KeyCorp reissued a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research note on Friday, September 1st. Finally, J P Morgan Chase & Co set a $169.00 price target on NextEra Energy and gave the stock a “hold” rating in a research note on Thursday, October 12th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$155.38.
NextEra Energy, Inc. (NEE) opened at C$155.16 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61. NextEra Energy, Inc. has a 12 month low of C$110.49 and a 12 month high of C$156.80. The firm has a market capitalization of $72,986.90, a PE ratio of 23.26, a price-to-earnings-growth ratio of 3.09 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, October 26th. The company reported C$1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.77 by C$0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The company had revenue of C$4.81 billion for the quarter, compared to analysts’ expectations of C$4.89 billion. During the same quarter in the previous year, the business posted $1.74 EPS. The business’s revenue for the quarter was up .1% on a year-over-year basis. equities research analysts forecast that NextEra Energy, Inc. will post 6.73 earnings per share for the current year.
The firm also recently announced 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 of this dividend is Wednesday, November 22nd. This represents a $3.93 annualized dividend and a yield of 2.53%. NextEra Energy’s dividend payout ratio (DPR) is presently 44.16%.
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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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