NextEra Energy, Inc. (NEE) Shares Sold by Alpine Woods Capital Investors LLC
Alpine Woods Capital Investors LLC cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 145,188 shares of the utilities provider’s stock after selling 4,400 shares during the quarter. NextEra Energy makes up 1.1% of Alpine Woods Capital Investors LLC’s holdings, making the stock its 10th biggest holding. Alpine Woods Capital Investors LLC’s holdings in NextEra Energy were worth $20,345,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Wedbush Securities Inc. boosted its stake in NextEra Energy by 32.3% in the second quarter. Wedbush Securities Inc. now owns 5,610 shares of the utilities provider’s stock valued at $786,000 after buying an additional 1,369 shares in the last quarter. IFC Holdings Incorporated FL boosted its stake in NextEra Energy by 3.6% in the second quarter. IFC Holdings Incorporated FL now owns 7,222 shares of the utilities provider’s stock valued at $1,011,000 after buying an additional 250 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in NextEra Energy in the second quarter valued at about $9,809,000. Sigma Planning Corp boosted its stake in NextEra Energy by 4.0% in the second quarter. Sigma Planning Corp now owns 16,113 shares of the utilities provider’s stock valued at $2,258,000 after buying an additional 620 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in NextEra Energy by 1.5% in the second quarter. Rhumbline Advisers now owns 896,092 shares of the utilities provider’s stock valued at $125,569,000 after buying an additional 12,931 shares in the last quarter. 75.41% of the stock is currently owned by institutional investors and hedge funds.
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Several equities analysts have commented on NEE shares. KeyCorp reiterated a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a research report on Friday, September 1st. Morgan Stanley increased their target price on NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, September 8th. Goldman Sachs Group, Inc. (The) started coverage on NextEra Energy in a research report on Monday, July 24th. They issued a “buy” rating and a $160.00 target price for the company. J P Morgan Chase & Co started coverage on NextEra Energy in a research report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 target price for the company. Finally, 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 research report on Friday, June 23rd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $151.33.
NextEra Energy, Inc. (NYSE NEE) opened at 146.55 on Friday. The company has a market capitalization of $68.77 billion, a P/E ratio of 16.79 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, Inc. has a 12 month low of $110.49 and a 12 month high of $151.60.
NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.10. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. NextEra Energy’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.67 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post $6.73 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were issued a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Wednesday, August 23rd. NextEra Energy’s dividend payout ratio is presently 45.02%.
In related news, EVP Charles E. Sieving sold 30,485 shares of the stock in a transaction dated 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 directly owns 78,167 shares in the company, valued at approximately $11,456,155.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James L. Robo sold 30,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 63,385 shares of company stock valued at $9,314,382 over the last 90 days. 0.53% of the stock is currently owned by company 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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