Simmons Bank lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,465 shares of the company’s stock after selling 3 shares during the period. Simmons Bank’s holdings in NextEra Energy were worth $2,026,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hanson McClain Inc. raised its holdings in shares of NextEra Energy by 6.0% in the second quarter. Hanson McClain Inc. now owns 763 shares of the company’s stock worth $107,000 after buying an additional 43 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in shares of NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the company’s stock worth $112,000 after buying an additional 71 shares during the last quarter. Highstreet Asset Management Inc. purchased a new position in shares of NextEra Energy in the second quarter worth $134,000. Pacific Center for Financial Services raised its holdings in shares of NextEra Energy by 50.1% in the second quarter. Pacific Center for Financial Services now owns 1,139 shares of the company’s stock worth $160,000 after buying an additional 380 shares during the last quarter. Finally, Manchester Capital Management LLC raised its holdings in shares of NextEra Energy by 20.5% in the second quarter. Manchester Capital Management LLC now owns 1,233 shares of the company’s stock worth $173,000 after buying an additional 210 shares during the last quarter. 75.23% of the stock is owned by institutional investors and hedge funds.
Shares of NextEra Energy, Inc. (NEE) opened at C$155.16 on Monday. The company has a market cap of $72,986.90, a price-to-earnings ratio of 23.26, a P/E/G ratio of 3.09 and a beta of 0.31. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 52-week low of C$110.49 and a 52-week high of C$156.80.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, October 26th. The company reported C$1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.77 by C$0.08. The company had revenue of C$4.81 billion for the quarter, compared to analyst estimates of C$4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The firm’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the business earned $1.74 earnings per share. equities analysts expect that NextEra Energy, Inc. will post 6.73 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a dividend of $0.9825 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 annualized dividend and a yield of 2.53%. NextEra Energy’s dividend payout ratio is presently 44.16%.
NEE has been the subject of a number of research analyst reports. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a report on Friday, September 1st. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Morgan Stanley raised their target price on shares of NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. Goldman Sachs Group, Inc. (The) started coverage on shares of NextEra Energy in a report on Monday, July 24th. They set a “buy” rating and a $160.00 target price for the company. Finally, Bank of America Corporation started coverage on shares of NextEra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $166.00 target price for the company. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. NextEra Energy currently has a consensus rating of “Buy” and an average target price of C$155.38.
In related news, EVP Joseph T. Kelliher sold 2,000 shares of the firm’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of C$150.00, for a total transaction of C$300,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Charles E. Sieving sold 30,485 shares of the firm’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of C$146.56, for a total transaction of C$4,467,881.60. Following the sale, the executive vice president now owns 78,167 shares in the company, valued at approximately C$11,456,155.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,385 shares of company stock worth $9,748,482. 0.53% of the stock is owned by company insiders.
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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