Bank of The West Sells 2,787 Shares of NextEra Energy, Inc. (NEE)
Bank of The West trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,504 shares of the utilities provider’s stock after selling 2,787 shares during the period. NextEra Energy makes up 0.9% of Bank of The West’s investment portfolio, making the stock its 29th biggest holding. Bank of The West’s holdings in NextEra Energy were worth $7,217,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in NEE. Waldron LP grew its stake in NextEra Energy by 1.6% in the 1st quarter. Waldron LP now owns 5,510 shares of the utilities provider’s stock valued at $707,000 after buying an additional 87 shares in the last quarter. ST Germain D J Co. Inc. grew its stake in NextEra Energy by 9.0% in the 1st quarter. ST Germain D J Co. Inc. now owns 3,853 shares of the utilities provider’s stock valued at $495,000 after buying an additional 318 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in NextEra Energy by 5.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 156,815 shares of the utilities provider’s stock valued at $20,130,000 after buying an additional 8,303 shares in the last quarter. Narwhal Capital Management grew its stake in NextEra Energy by 6.5% in the 1st quarter. Narwhal Capital Management now owns 6,600 shares of the utilities provider’s stock valued at $847,000 after buying an additional 400 shares in the last quarter. Finally, Strs Ohio grew its stake in NextEra Energy by 4.1% in the 1st quarter. Strs Ohio now owns 741,812 shares of the utilities provider’s stock valued at $95,226,000 after buying an additional 28,914 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.
Several research analysts have commented on the stock. BidaskClub downgraded shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Wells Fargo & Company reissued an “outperform” rating and issued a $158.00 price target (up from $150.00) on shares of NextEra Energy in a report on Monday, June 19th. BMO Capital Markets reissued a “buy” rating and issued a $156.00 price target (up from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. Royal Bank Of Canada reissued an “outperform” rating and issued a $147.00 price target (up from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of NextEra Energy in a report on Monday, July 24th. They issued a “buy” rating and a $160.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $151.15.
In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the stock in a transaction 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is owned by company insiders.
NextEra Energy, Inc. (NYSE NEE) traded down 0.82% during mid-day trading on Friday, reaching $148.26. 2,949,171 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $148.04 and a 200-day moving average price of $138.61. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $151.30. The stock has a market capitalization of $69.57 billion, a PE ratio of 16.98 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the company posted $1.67 earnings per share. NextEra Energy’s quarterly revenue was up 15.4% on a year-over-year basis. Equities research analysts expect that NextEra Energy, Inc. will post $6.73 EPS for the current 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 given a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a yield of 2.65%. NextEra Energy’s dividend payout ratio (DPR) is currently 45.02%.
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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