Loeb Partners Corp Has $2.10 Million Stake in NextEra Energy, Inc. (NEE)
Loeb Partners Corp lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 114.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the utilities provider’s stock after purchasing an additional 8,000 shares during the period. Loeb Partners Corp’s holdings in NextEra Energy were worth $2,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in NEE. BlackRock Inc. increased its stake in shares of NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after purchasing an additional 36,747,599 shares in the last quarter. APG Asset Management N.V. increased its stake in shares of NextEra Energy by 75.0% in the first quarter. APG Asset Management N.V. now owns 1,971,565 shares of the utilities provider’s stock worth $253,090,000 after purchasing an additional 844,862 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of NextEra Energy in the second quarter worth $83,603,000. Canada Pension Plan Investment Board increased its stake in shares of NextEra Energy by 7,771.4% in the first quarter. Canada Pension Plan Investment Board now owns 399,000 shares of the utilities provider’s stock worth $51,220,000 after purchasing an additional 393,931 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of NextEra Energy by 26.1% in the first quarter. Swiss National Bank now owns 1,851,224 shares of the utilities provider’s stock worth $237,642,000 after purchasing an additional 382,800 shares in the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.
NEE has been the subject of several research analyst reports. BidaskClub raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of NextEra Energy in a research note on Monday, July 24th. They set a “buy” rating and a $160.00 target price for the company. KeyCorp reaffirmed a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a research note on Friday, September 1st. BMO Capital Markets reaffirmed a “buy” rating and set a $156.00 target price (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. Finally, Morgan Stanley raised their target price on shares of NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $151.15.
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NextEra Energy, Inc. (NYSE NEE) opened at 148.26 on Friday. The firm’s 50-day moving average is $148.04 and its 200 day moving average is $138.61. NextEra Energy, Inc. has a 52-week low of $110.49 and a 52-week high of $151.30. The company has a market cap of $69.57 billion, a price-to-earnings ratio of 16.98 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping the Zacks’ 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 analyst estimates of $4.44 billion. During the same quarter in the prior year, the firm earned $1.67 earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, equities research analysts predict that NextEra Energy, Inc. will post $6.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s payout ratio is 45.02%.
In other news, Director James L. Robo sold 30,000 shares of the company’s 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 this hyperlink. 0.53% of the stock is owned by corporate 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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