Columbia Partners L L C Investment Management Lowers Position in NextEra Energy, Inc. (NEE)
Columbia Partners L L C Investment Management reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 52.4% during the first quarter, Holdings Channel reports. The fund owned 3,352 shares of the utilities provider’s stock after selling 3,686 shares during the period. Columbia Partners L L C Investment Management’s holdings in NextEra Energy were worth $430,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of NEE. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after buying an additional 71 shares in the last quarter. Pinnacle Bank bought a new stake in NextEra Energy during the first quarter valued at approximately $161,000. Norway Savings Bank increased its stake in NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock valued at $172,000 after buying an additional 18 shares in the last quarter. Baystate Wealth Management LLC increased its stake in NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock valued at $174,000 after buying an additional 441 shares in the last quarter. Finally, Ruggie Capital Group bought a new stake in NextEra Energy during the first quarter valued at approximately $191,000. 76.84% of the stock is owned by institutional investors and hedge funds.
NextEra Energy, Inc. (NEE) traded down 0.23% during midday trading on Thursday, hitting $149.64. The company had a trading volume of 298,249 shares. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $150.32. The company’s 50 day moving average is $143.87 and its 200 day moving average is $135.82. The stock has a market cap of $70.22 billion, a price-to-earnings ratio of 17.14 and a beta of 0.32.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.10. The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.67 earnings per share. On average, equities analysts anticipate that NextEra Energy, Inc. will post $6.72 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a $0.9825 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a yield of 2.62%. NextEra Energy’s dividend payout ratio (DPR) is 45.02%.
Several analysts have commented on NEE shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $144.00 price objective on shares of NextEra Energy in a research note on Tuesday, May 2nd. Morgan Stanley upped their price objective on NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, May 8th. Barclays PLC reaffirmed an “overweight” rating and set a $150.00 price objective (up from $139.00) on shares of NextEra Energy in a research note on Sunday, April 23rd. Goldman Sachs Group, Inc. (The) started coverage on NextEra Energy in a research note on Monday, July 24th. They set a “buy” rating and a $160.00 price objective for the company. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $156.00 price objective (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. NextEra Energy currently has an average rating of “Buy” and a consensus target price of $148.64.
In other NextEra Energy news, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total transaction of $4,411,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Eric E. Silagy sold 8,111 shares of NextEra Energy stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the transaction, the director now owns 26,884 shares in the company, valued at $3,779,352.72. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.
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.
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE).
Receive News & Stock Ratings for NextEra Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy Inc. and related stocks with our FREE daily email newsletter.