Oppenheimer & Co. Inc. increased its stake in shares of NextEra Energy Inc (NYSE:NEE) by 1.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 72,871 shares of the utilities provider’s stock after purchasing an additional 987 shares during the period. Oppenheimer & Co. Inc.’s holdings in NextEra Energy were worth $12,172,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of NEE. Ceredex Value Advisors LLC purchased a new position in shares of NextEra Energy during the 1st quarter worth approximately $85,026,000. Bank of New York Mellon Corp boosted its position in shares of NextEra Energy by 12.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,180,979 shares of the utilities provider’s stock worth $698,348,000 after purchasing an additional 455,401 shares during the period. Cornerstone Wealth Management LLC boosted its position in NextEra Energy by 16,614.8% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 379,593 shares of the utilities provider’s stock valued at $2,246,000 after buying an additional 377,322 shares during the period. Standard Life Aberdeen plc boosted its position in NextEra Energy by 18.9% in the 2nd quarter. Standard Life Aberdeen plc now owns 2,067,406 shares of the utilities provider’s stock valued at $345,352,000 after buying an additional 329,056 shares during the period. Finally, Summit Trail Advisors LLC boosted its position in NextEra Energy by 16,150.9% in the 1st quarter. Summit Trail Advisors LLC now owns 312,993 shares of the utilities provider’s stock valued at $313,000 after buying an additional 311,067 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Armando Pimentel, Jr. sold 8,336 shares of the firm’s stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $157.15, for a total value of $1,310,002.40. Following the sale, the chief executive officer now directly owns 77,139 shares in the company, valued at approximately $12,122,393.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James L. Robo sold 18,000 shares of the firm’s stock in a transaction on Wednesday, June 6th. The shares were sold at an average price of $156.85, for a total transaction of $2,823,300.00. The disclosure for this sale can be found here. Insiders sold a total of 54,070 shares of company stock worth $8,891,072 over the last 90 days. Company insiders own 0.55% of the company’s stock.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 25th. The utilities provider reported $2.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.06 by $0.05. NextEra Energy had a net margin of 49.10% and a return on equity of 10.49%. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.51 billion. During the same period last year, the business earned $1.86 EPS. The company’s revenue was down 7.6% on a year-over-year basis. equities analysts expect that NextEra Energy Inc will post 7.74 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Thursday, August 30th will be issued a $1.11 dividend. The ex-dividend date is Wednesday, August 29th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.55%. NextEra Energy’s payout ratio is 66.27%.
Several brokerages have commented on NEE. ValuEngine cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, May 17th. Howard Weil began coverage on shares of NextEra Energy in a research report on Tuesday, July 24th. They issued a “sector perform” rating for the company. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 price target for the company in a research report on Wednesday, August 8th. Morgan Stanley decreased their price target on shares of NextEra Energy from $172.00 to $169.00 and set an “overweight” rating for the company in a research report on Wednesday, June 13th. Finally, Barclays began coverage on shares of NextEra Energy in a research report on Tuesday, July 10th. They issued an “equal weight” rating and a $182.00 price target for the company. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $167.08.
About NextEra Energy
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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