M&R Capital Management Inc. lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 77.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,649 shares of the utilities provider’s stock after selling 26,180 shares during the period. M&R Capital Management Inc.’s holdings in NextEra Energy were worth $1,125,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of NEE. BlackRock Inc. lifted its position in NextEra Energy by 3,384.2% during the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock valued at $4,856,682,000 after purchasing an additional 36,747,599 shares in the last quarter. Janus Henderson Group PLC lifted its position in NextEra Energy by 2,832.8% during the second quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock valued at $252,287,000 after purchasing an additional 1,738,989 shares in the last quarter. Vanguard Group Inc. lifted its position in NextEra Energy by 4.6% during the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after purchasing an additional 1,503,907 shares in the last quarter. Principal Financial Group Inc. lifted its position in NextEra Energy by 122.5% during the second quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock valued at $207,281,000 after purchasing an additional 814,478 shares in the last quarter. Finally, BT Investment Management Ltd purchased a new position in NextEra Energy during the second quarter valued at $96,214,000. 75.23% of the stock is owned by institutional investors.
In related news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Joseph T. Kelliher sold 2,000 shares of the business’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. The disclosure for this sale can be found here. Insiders sold 65,385 shares of company stock worth $9,748,482 over the last quarter. 0.53% of the stock is owned by company insiders.
Several equities analysts recently weighed in on the company. Bank of America Corporation assumed coverage on NextEra Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $166.00 target price on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $156.00 target price on shares of NextEra Energy in a research report on Tuesday, November 7th. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. KeyCorp reiterated a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co set a $169.00 target price on NextEra Energy and gave the company a “hold” rating in a research report on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $155.38.
NextEra Energy, Inc. (NEE) opened at $156.78 on Tuesday. NextEra Energy, Inc. has a 52-week low of $110.49 and a 52-week high of $157.00. The company has a market capitalization of $72,986.90, a PE ratio of 23.26, a PEG ratio of 3.09 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49.
NextEra Energy (NYSE:NEE) last posted its earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the business earned $1.74 earnings per share. sell-side analysts predict that NextEra Energy, Inc. will post 6.73 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a $0.9825 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.51%. NextEra Energy’s dividend payout ratio is currently 44.16%.
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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