Raymond James Financial Services Advisors Inc. grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 10.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,758 shares of the utilities provider’s stock after purchasing an additional 13,670 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in NextEra Energy were worth $20,146,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hanson McClain Inc. lifted its stake in NextEra Energy by 6.0% in the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 43 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in NextEra Energy by 8.9% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 71 shares in the last quarter. Highstreet Asset Management Inc. purchased a new position in NextEra Energy in the 2nd quarter worth approximately $134,000. Pacific Center for Financial Services lifted its stake in NextEra Energy by 50.1% in the 2nd quarter. Pacific Center for Financial Services now owns 1,139 shares of the utilities provider’s stock worth $160,000 after purchasing an additional 380 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its stake in NextEra Energy by 20.5% in the 2nd quarter. Manchester Capital Management LLC now owns 1,233 shares of the utilities provider’s stock worth $173,000 after purchasing an additional 210 shares in the last quarter. 75.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of NextEra Energy, Inc. (NEE) opened at $156.78 on Tuesday. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $157.00. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. The firm has a market cap of $72,986.90, a P/E ratio of 23.26, a P/E/G ratio of 3.09 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last posted its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.08. The firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $1.74 EPS. equities analysts expect that NextEra Energy, Inc. will post 6.73 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a $0.9825 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 annualized dividend and a dividend yield of 2.51%. NextEra Energy’s dividend payout ratio (DPR) is 44.16%.
Several research firms have recently commented on NEE. Morgan Stanley lifted their price target on shares of NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. J P Morgan Chase & Co began coverage on shares of NextEra Energy in a research report on Thursday, September 7th. They set an “overweight” rating and a $173.00 price target on the stock. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. KeyCorp reaffirmed a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a research report on Thursday, October 12th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a research report on Tuesday, November 7th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $155.38.
In other NextEra Energy news, EVP John W. Ketchum sold 2,900 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $150.00, for a total value of $435,000.00. Following the completion of the transaction, the executive vice president now owns 18,786 shares in the company, valued at $2,817,900. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total transaction of $4,545,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,385 shares of company stock valued at $9,748,482. Insiders own 0.53% of the company’s stock.
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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