SFE Investment Counsel Has $2.86 Million Holdings in NextEra Energy, Inc. (NEE)
SFE Investment Counsel trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 9.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,425 shares of the utilities provider’s stock after selling 2,135 shares during the period. NextEra Energy accounts for 1.2% of SFE Investment Counsel’s investment portfolio, making the stock its 28th biggest position. SFE Investment Counsel’s holdings in NextEra Energy were worth $2,862,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of NextEra Energy by 8.9% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 71 shares during the last quarter. Winslow Evans & Crocker Inc. increased its stake in NextEra Energy by 12.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,395 shares of the utilities provider’s stock valued at $195,000 after acquiring an additional 149 shares during the last quarter. Fruth Investment Management bought a new position in NextEra Energy in the second quarter valued at $200,000. Burns J W & Co. Inc. NY bought a new position in NextEra Energy in the second quarter valued at $204,000. Finally, Partnervest Advisory Services LLC bought a new position in NextEra Energy in the second quarter valued at $204,000. 75.41% of the stock is owned by hedge funds and other institutional investors.
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NEE has been the subject of several research analyst reports. Morgan Stanley lifted their price target on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. J P Morgan Chase & Co initiated coverage on NextEra Energy in a report on Thursday, September 7th. They set an “overweight” rating and a $173.00 price objective on the stock. KeyCorp reissued a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a report on Friday, September 1st. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $151.33.
Shares of NextEra Energy, Inc. (NEE) opened at 146.74 on Tuesday. The stock has a market cap of $68.86 billion, a price-to-earnings ratio of 16.81 and a beta of 0.31. The company has a 50-day moving average price of $148.88 and a 200-day moving average price of $140.79. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $151.60.
NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS 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 return on equity of 11.88% and a net margin of 24.26%. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The company’s quarterly revenue was up 15.4% on a year-over-year basis. Equities analysts anticipate that NextEra Energy, Inc. will post $6.73 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Wednesday, August 23rd. NextEra Energy’s dividend payout ratio is currently 45.02%.
In other NextEra Energy news, EVP John W. Ketchum sold 2,900 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $150.00, for a total value of $435,000.00. Following the sale, the executive vice president now owns 18,786 shares in the company, valued at $2,817,900. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Charles E. Sieving sold 30,485 shares of the stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total value of $4,467,881.60. Following the completion of the sale, the executive vice president now owns 78,167 shares in the company, valued at approximately $11,456,155.52. 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 three months. 0.53% of the stock is owned by corporate insiders.
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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