HM Payson & Co. trimmed its position in NextEra Energy Inc (NYSE:NEE) by 5.5% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 20,458 shares of the utilities provider’s stock after selling 1,196 shares during the period. HM Payson & Co.’s holdings in NextEra Energy were worth $2,998,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hanson McClain Inc. raised its stake in shares of NextEra Energy by 6.0% in the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 43 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of 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 valued at $112,000 after purchasing an additional 71 shares during the period. Archford Capital Strategies LLC raised its stake in shares of NextEra Energy by 76.9% in the 2nd quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 4,347 shares during the period. Highstreet Asset Management Inc. acquired a new stake in shares of NextEra Energy in the second quarter valued at about $134,000. Finally, Atlantic Trust LLC acquired a new stake in shares of NextEra Energy in the second quarter valued at about $154,000. Hedge funds and other institutional investors own 75.63% of the company’s stock.
In other NextEra Energy 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 $150.00, for a total value of $300,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 $146.56, for a total transaction of $4,467,881.60. Following the completion of the transaction, the executive vice president now directly owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,385 shares of company stock valued at $9,748,482. 0.53% of the stock is owned by insiders.
NextEra Energy (NYSE:NEE) last announced its quarterly 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 business had revenue of $4.81 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the firm earned $1.74 EPS. research analysts forecast that NextEra Energy Inc will post 6.73 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.9825 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 annualized dividend and a dividend yield of 2.49%. NextEra Energy’s payout ratio is currently 44.16%.
A number of research firms recently issued reports on NEE. Credit Suisse Group began coverage on NextEra Energy in a research report on Thursday. They issued an “outperform” rating and a $173.00 target price on the stock. Argus reaffirmed a “buy” rating and issued a $173.00 target price on shares of NextEra Energy in a research report on Tuesday. They noted that the move was a valuation call. Bank of America began coverage on NextEra Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 target price on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $156.00 target price on shares of NextEra Energy in a research report on Tuesday, November 7th. Finally, Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. NextEra Energy presently has an average rating of “Buy” and a consensus price target of $157.73.
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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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