Brookfield Asset Management Inc. Has $32.72 Million Stake in NextEra Energy, Inc. (NEE)
Brookfield Asset Management Inc. reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,888 shares of the utilities provider’s stock after selling 8,512 shares during the period. Brookfield Asset Management Inc. owned 0.05% of NextEra Energy worth $32,720,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of 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 during the period. Baystate Wealth Management LLC raised its position 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 during the period. Ruggie Capital Group bought a new position in NextEra Energy during the first quarter valued at approximately $191,000. Oarsman Capital Inc. bought a new position in NextEra Energy during the first quarter valued at approximately $200,000. Finally, Appleton Group LLC bought a new position in NextEra Energy during the first quarter valued at approximately $202,000. 75.64% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy, Inc. (NEE) traded down 0.20% during trading on Wednesday, reaching $150.42. The company had a trading volume of 356,389 shares. The stock has a market cap of $70.58 billion, a P/E ratio of 17.23 and a beta of 0.32. The firm has a 50-day moving average price of $145.70 and a 200 day moving average price of $137.05. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $151.19.
NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping the consensus estimate of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the firm posted $1.67 EPS. NextEra Energy’s revenue was up 15.4% compared to the same quarter last year. Equities research analysts predict that NextEra Energy, Inc. will post $6.72 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a $0.9825 dividend. This represents a $3.93 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio (DPR) is 45.02%.
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Several research analysts have commented on the company. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Morgan Stanley raised their price objective on NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $147.00 price objective (up from $144.00) on shares of NextEra Energy in a research report on Sunday, July 9th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $158.00 price objective (up from $150.00) on shares of NextEra Energy in a research report on Monday, June 19th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $148.64.
In other NextEra Energy news, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is owned by insiders.
NextEra Energy Company 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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