NextEra Energy, Inc. (NEE) Stake Boosted by Renaissance Technologies LLC
Renaissance Technologies LLC raised its position in NextEra Energy, Inc. (NYSE:NEE) by 15.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,566,400 shares of the utilities provider’s stock after buying an additional 203,800 shares during the period. Renaissance Technologies LLC owned approximately 0.33% of NextEra Energy worth $201,079,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Dowling & Yahnke LLC increased its position in shares of NextEra Energy by 0.5% in the first quarter. Dowling & Yahnke LLC now owns 1,779 shares of the utilities provider’s stock worth $228,000 after buying an additional 9 shares in the last quarter. Genesee Valley Trust Co. increased its position in NextEra Energy by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 3,133 shares of the utilities provider’s stock valued at $402,000 after buying an additional 10 shares during the period. Paragon Capital Management LLC increased its position in NextEra Energy by 0.3% in the first quarter. Paragon Capital Management LLC now owns 5,349 shares of the utilities provider’s stock valued at $686,000 after buying an additional 15 shares during the period. Leavell Investment Management Inc. increased its position in NextEra Energy by 0.3% in the first quarter. Leavell Investment Management Inc. now owns 6,116 shares of the utilities provider’s stock valued at $785,000 after buying an additional 18 shares during the period. Finally, First Manhattan Co. increased its position in NextEra Energy by 0.3% in the first quarter. First Manhattan Co. now owns 5,448 shares of the utilities provider’s stock valued at $666,000 after buying an additional 19 shares during the period. Institutional investors own 76.84% of the company’s stock.
NextEra Energy, Inc. (NYSE NEE) traded up 0.53% during midday trading on Friday, reaching $150.10. The company’s stock had a trading volume of 1,259,107 shares. The stock has a market capitalization of $70.43 billion, a PE ratio of 17.19 and a beta of 0.32. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $151.19. The firm’s 50-day moving average price is $145.70 and its 200-day moving average price is $137.05.
NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the prior year, the business earned $1.67 EPS. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, analysts anticipate that NextEra Energy, Inc. will post $6.72 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a $0.9825 dividend. This represents a $3.93 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio is 45.02%.
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Several equities analysts have recently weighed in on the company. Goldman Sachs Group, Inc. (The) assumed coverage on NextEra Energy in a research report on Monday, July 24th. They issued a “buy” rating and a $160.00 target price on the stock. BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $147.00 target price (up previously from $144.00) on shares of NextEra Energy in a research report on Sunday, July 9th. Morgan Stanley raised their target price on NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, May 8th. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $158.00 target price (up previously from $150.00) on shares of NextEra Energy in a research report on Monday, June 19th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. NextEra Energy currently has a consensus rating of “Buy” and a consensus target price of $148.64.
In related news, Director Eric E. Silagy sold 8,111 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 26,884 shares in the company, valued at approximately $3,779,352.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total value of $4,411,500.00. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.
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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