NextEra Energy Inc. (NEE) Shares Sold by Greenleaf Trust
Greenleaf Trust decreased its stake in shares of NextEra Energy Inc. (NYSE:NEE) by 10.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,087 shares of the company’s stock after selling 11,505 shares during the period. NextEra Energy accounts for approximately 0.3% of Greenleaf Trust’s portfolio, making the stock its 12th largest position. Greenleaf Trust’s holdings in NextEra Energy were worth $12,660,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in NEE. AMP Capital Investors Ltd raised its stake in shares of NextEra Energy by 32.9% in the first quarter. AMP Capital Investors Ltd now owns 333,339 shares of the company’s stock valued at $39,503,000 after buying an additional 82,436 shares in the last quarter. National Pension Service raised its stake in shares of NextEra Energy by 4.1% in the first quarter. National Pension Service now owns 237,508 shares of the company’s stock valued at $28,107,000 after buying an additional 9,426 shares during the period. Legal & General Group Plc raised its stake in shares of NextEra Energy by 2.6% in the first quarter. Legal & General Group Plc now owns 2,268,138 shares of the company’s stock valued at $268,404,000 after buying an additional 56,865 shares during the period. CIBC World Markets Inc. raised its stake in shares of NextEra Energy by 640.5% in the second quarter. CIBC World Markets Inc. now owns 27,887 shares of the company’s stock valued at $3,636,000 after buying an additional 24,121 shares during the period. Finally, Carroll Financial Associates Inc. raised its stake in shares of NextEra Energy by 3.0% in the second quarter. Carroll Financial Associates Inc. now owns 2,384 shares of the company’s stock valued at $310,000 after buying an additional 70 shares during the period. 74.51% of the stock is owned by hedge funds and other institutional investors.
NextEra Energy Inc. (NYSE:NEE) traded down 0.37% during mid-day trading on Thursday, reaching $118.10. The company had a trading volume of 1,996,533 shares. The company has a market capitalization of $54.56 billion, a PE ratio of 21.13 and a beta of 0.28. The firm has a 50-day moving average of $123.78 and a 200 day moving average of $122.69. NextEra Energy Inc. has a 1-year low of $96.19 and a 1-year high of $131.98.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. The business earned $3.82 billion during the quarter, compared to analysts’ expectations of $4.33 billion. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. The business’s quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.56 earnings per share. On average, analysts predict that NextEra Energy Inc. will post $6.20 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, August 30th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Friday, August 26th. NextEra Energy’s payout ratio is 62.59%.
Several equities research analysts recently weighed in on NEE shares. Goldman Sachs Group Inc. reissued a “conviction-buy” rating on shares of NextEra Energy in a report on Wednesday, June 8th. Morgan Stanley started coverage on NextEra Energy in a report on Wednesday, June 29th. They issued a “hold” rating and a $146.00 price objective for the company. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Tuesday, July 5th. KeyCorp reissued an “outperform” rating and issued a $134.00 price objective (up previously from $126.00) on shares of NextEra Energy in a report on Tuesday, July 5th. Finally, Mizuho lifted their price objective on NextEra Energy from $125.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, July 18th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $129.26.
In other NextEra Energy news, VP Chris N. Froggatt sold 16,467 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $127.61, for a total value of $2,101,353.87. Following the completion of the sale, the vice president now owns 22,916 shares in the company, valued at $2,924,310.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.66% of the stock is owned by company insiders.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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