NextEra Energy, Inc. (NEE) Holdings Reduced by Moody National Bank Trust Division
Moody National Bank Trust Division decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,965 shares of the utilities provider’s stock after selling 25 shares during the period. Moody National Bank Trust Division’s holdings in NextEra Energy were worth $1,117,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fox Run Management L.L.C. bought a new position in NextEra Energy in the 2nd quarter worth about $1,289,000. Wade G W & Inc. grew its position in NextEra Energy by 1.2% in the 1st quarter. Wade G W & Inc. now owns 10,628 shares of the utilities provider’s stock worth $1,364,000 after purchasing an additional 130 shares during the last quarter. BlackRock Inc. grew its position in NextEra Energy by 3,384.2% in the 1st 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 during the last quarter. Edgestream Partners L.P. grew its position in NextEra Energy by 398.2% in the 1st quarter. Edgestream Partners L.P. now owns 34,142 shares of the utilities provider’s stock worth $4,383,000 after purchasing an additional 27,289 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC grew its position in NextEra Energy by 48.7% in the 1st quarter. Moody Lynn & Lieberson LLC now owns 2,948 shares of the utilities provider’s stock worth $378,000 after purchasing an additional 965 shares during the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.
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 value of $4,411,500.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is owned by company insiders.
A number of brokerages have recently weighed in on NEE. 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) began coverage on shares of NextEra Energy in a research note on Monday, July 24th. They issued a “buy” rating and a $160.00 price target for the company. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research note on Friday, September 1st. BMO Capital Markets reaffirmed a “buy” rating and issued a $156.00 price target (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. Finally, Morgan Stanley upped their price target on shares of NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $151.15.
NextEra Energy, Inc. (NEE) opened at 149.13 on Wednesday. The firm has a 50-day moving average of $148.24 and a 200 day moving average of $138.92. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $151.60. The firm has a market cap of $69.98 billion, a price-to-earnings ratio of 17.08 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share 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 for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the firm earned $1.67 EPS. NextEra Energy’s quarterly revenue was up 15.4% compared to the same quarter last year. Analysts expect that NextEra Energy, Inc. will post $6.73 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a yield of 2.64%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s payout ratio is 45.02%.
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NextEra Energy 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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