NextEra Energy, Inc. (NEE) Position Held by LifePlan Financial Group Inc
LifePlan Financial Group Inc continued to hold its position in shares of NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,569 shares of the utilities provider’s stock at the end of the second quarter. LifePlan Financial Group Inc’s holdings in NextEra Energy were worth $500,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in NextEra Energy by 8.9% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 71 shares during the last quarter. Ruggie Capital Group acquired a new position in NextEra Energy in the 1st quarter valued at about $191,000. Winslow Evans & Crocker Inc. boosted its holdings in NextEra Energy by 12.0% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,395 shares of the utilities provider’s stock valued at $195,000 after purchasing an additional 149 shares during the last quarter. Oarsman Capital Inc. acquired a new position in NextEra Energy in the 1st quarter valued at about $200,000. Finally, CCM Investment Advisers LLC acquired a new position in NextEra Energy in the 1st quarter valued at about $200,000. Institutional investors own 75.41% 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 transaction of $4,411,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.53% of the company’s stock.
NEE has been the topic of several recent analyst reports. BidaskClub lowered shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Wells Fargo & Company reiterated an “outperform” rating and issued a $158.00 target price (up from $150.00) on shares of NextEra Energy in a report on Monday, June 19th. BMO Capital Markets reiterated a “buy” rating and issued a $156.00 target price (up from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $147.00 target price (up from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of NextEra Energy in a report on Monday, July 24th. They issued a “buy” rating and a $160.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $151.15.
NextEra Energy, Inc. (NYSE:NEE) opened at 148.30 on Tuesday. The stock has a 50 day moving average of $148.91 and a 200 day moving average of $139.59. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $151.60. The firm has a market capitalization of $69.59 billion, a price-to-earnings ratio of 16.99 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.10. The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. NextEra Energy’s revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 earnings per share. Analysts forecast that NextEra Energy, Inc. will post $6.73 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were given a dividend of $0.9825 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a yield of 2.65%. NextEra Energy’s dividend payout ratio (DPR) is 45.02%.
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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