ProShare Advisors LLC decreased its position in NextEra Energy Inc (NYSE:NEE) by 6.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,579 shares of the utilities provider’s stock after selling 3,016 shares during the period. ProShare Advisors LLC’s holdings in NextEra Energy were worth $5,594,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Beese Fulmer Investment Management Inc. increased its stake in NextEra Energy by 0.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 2,199 shares of the utilities provider’s stock valued at $282,000 after buying an additional 13 shares during the period. Regentatlantic Capital LLC increased its stake in NextEra Energy by 0.4% in the first quarter. Regentatlantic Capital LLC now owns 3,468 shares of the utilities provider’s stock valued at $445,000 after buying an additional 14 shares during the period. Honkamp Krueger Financial Services Inc. increased its stake in NextEra Energy by 0.3% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 4,902 shares of the utilities provider’s stock valued at $629,000 after buying an additional 14 shares during the period. Beacon Investment Advisory Services Inc. increased its stake in NextEra Energy by 0.4% in the third quarter. Beacon Investment Advisory Services Inc. now owns 4,180 shares of the utilities provider’s stock worth $511,000 after buying an additional 18 shares during the last quarter. Finally, Norway Savings Bank increased its stake in NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock worth $172,000 after buying an additional 18 shares during the last quarter. Institutional investors and hedge funds own 73.69% of the company’s stock.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, April 21st. The utilities provider reported $1.75 EPS for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.24. NextEra Energy had a net margin of 17.92% and a return on equity of 11.74%. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter last year, the firm earned $1.55 EPS. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Tuesday, May 30th will be issued a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, May 25th. NextEra Energy’s payout ratio is 56.04%.
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A number of research firms have recently weighed in on NEE. BMO Capital Markets reiterated a “buy” rating and set a $135.00 target price on shares of NextEra Energy in a research report on Friday, March 31st. Barclays PLC reiterated a “buy” rating and set a $139.00 target price on shares of NextEra Energy in a research report on Sunday, February 19th. Deutsche Bank AG restated a “hold” rating and set a $128.00 price objective (down from $129.00) on shares of NextEra Energy in a research report on Sunday, April 2nd. Royal Bank of Canada restated a “buy” rating and set a $143.00 price objective on shares of NextEra Energy in a research report on Tuesday, March 14th. Finally, Morgan Stanley upped their price objective on NextEra Energy from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, May 8th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $141.30.
In other NextEra Energy news, Director William H. Swanson purchased 3,860 shares of the stock in a transaction that occurred on Friday, February 24th. The stock was purchased at an average price of $128.86 per share, with a total value of $497,399.60. Following the acquisition, the director now owns 25,180 shares in the company, valued at $3,244,694.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James L. Robo sold 52,320 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $136.48, for a total transaction of $7,140,633.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,200 shares of company stock valued at $12,633,902. 0.66% of the stock is owned by insiders.
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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