Gamble Jones Investment Counsel grew its position in shares of NextEra Energy Inc (NYSE:NEE) by 9.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,770 shares of the utilities provider’s stock after purchasing an additional 250 shares during the quarter. Gamble Jones Investment Counsel’s holdings in NextEra Energy were worth $567,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. TRUE Private Wealth Advisors purchased a new stake in NextEra Energy in the 2nd quarter worth approximately $25,000. Krane Funds Advisors LLC purchased a new stake in NextEra Energy in the 2nd quarter worth approximately $25,000. Manchester Financial Inc. purchased a new stake in NextEra Energy in the 2nd quarter worth approximately $26,000. Mackey Komara & Dankovich LLC lifted its holdings in NextEra Energy by 446.4% in the 2nd quarter. Mackey Komara & Dankovich LLC now owns 765 shares of the utilities provider’s stock worth $29,000 after buying an additional 625 shares during the period. Finally, Legacy Advisors LLC lifted its holdings in NextEra Energy by 1,000.0% in the 2nd quarter. Legacy Advisors LLC now owns 165 shares of the utilities provider’s stock worth $34,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 76.18% of the company’s stock.
In other news, Director Sherry S. Barrat sold 4,700 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $218.57, for a total value of $1,027,279.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric E. Silagy sold 14,723 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $225.56, for a total value of $3,320,919.88. Following the completion of the transaction, the chief executive officer now owns 42,884 shares of the company’s stock, valued at approximately $9,672,915.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,976 shares of company stock valued at $21,144,774. 0.48% of the stock is currently owned by company insiders.
NextEra Energy (NYSE:NEE) last released its 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. The company had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $4.68 billion. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The firm’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.08 EPS. On average, analysts expect that NextEra Energy Inc will post 8.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 29th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, August 28th. NextEra Energy’s payout ratio is presently 64.94%.
Several research firms have weighed in on NEE. Morgan Stanley set a $233.00 price objective on NextEra Energy and gave the stock a “buy” rating in a report on Friday, August 16th. UBS Group increased their price objective on NextEra Energy from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Guggenheim increased their price objective on NextEra Energy from $205.00 to $223.00 and gave the stock a “buy” rating in a report on Monday, June 24th. Wells Fargo & Co set a $240.00 price objective on NextEra Energy and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, KeyCorp began coverage on NextEra Energy in a report on Tuesday, June 4th. They issued an “overweight” rating and a $225.00 price objective for the company. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $217.77.
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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