Harel Insurance Investments & Financial Services Ltd. Has $137,000 Stake in NextEra Energy, Inc. (NEE)
Harel Insurance Investments & Financial Services Ltd. continued to hold its position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 980 shares of the utilities provider’s stock at the end of the 2nd quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in NextEra Energy were worth $137,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake 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 period. Ruggie Capital Group bought a new stake in NextEra Energy in the 1st quarter valued at $191,000. Winslow Evans & Crocker Inc. boosted its stake 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 period. Oarsman Capital Inc. bought a new stake in NextEra Energy in the 1st quarter valued at $200,000. Finally, CCM Investment Advisers LLC bought a new stake in NextEra Energy in the 1st quarter valued at $200,000. Institutional investors and hedge funds own 75.41% of the company’s stock.
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Several research firms recently issued reports on NEE. Morgan Stanley boosted their price target on NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, September 8th. J P Morgan Chase & Co began coverage on NextEra Energy in a research note on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price target for the company. KeyCorp restated a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research note on Friday, September 1st. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $151.33.
NextEra Energy, Inc. (NEE) opened at 146.25 on Thursday. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $151.60. The firm has a market cap of $68.63 billion, a PE ratio of 16.75 and a beta of 0.33. The stock’s 50 day moving average price is $148.97 and its 200-day moving average price is $139.72.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period last year, the company earned $1.67 earnings per share. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. Equities research analysts anticipate that NextEra Energy, Inc. will post $6.73 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were issued a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Wednesday, August 23rd. NextEra Energy’s payout ratio is currently 45.02%.
In related news, EVP Charles E. Sieving sold 30,485 shares of NextEra Energy stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the completion of the sale, the executive vice president now owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John W. Ketchum sold 2,900 shares of NextEra Energy stock in a transaction on Monday, September 18th. The shares were sold at an average price of $150.00, for a total value of $435,000.00. Following the sale, the executive vice president now directly owns 18,786 shares of the company’s stock, valued at approximately $2,817,900. The disclosure for this sale can be found here. Insiders sold 63,385 shares of company stock valued at $9,314,382 over the last ninety days. Corporate insiders own 0.53% of the company’s stock.
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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