Blair William & Co. IL Increases Stake in NextEra Energy, Inc. (NEE)
Blair William & Co. IL increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 6.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,001 shares of the utilities provider’s stock after purchasing an additional 2,886 shares during the period. Blair William & Co. IL’s holdings in NextEra Energy were worth $7,147,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of 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 in the last quarter. Highstreet Asset Management Inc. purchased a new stake in shares of NextEra Energy in the 2nd quarter valued at $134,000. Ruggie Capital Group purchased a new stake in shares of NextEra Energy in the 1st quarter valued at $191,000. Winslow Evans & Crocker Inc. boosted its stake in shares of 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 in the last quarter. Finally, Oarsman Capital Inc. purchased a new stake in shares of NextEra Energy in the 1st quarter valued at $200,000. 75.41% of the stock is owned by institutional investors.
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A number of equities research analysts have recently issued reports on NEE shares. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a research note on Friday, September 1st. Morgan Stanley upped their price objective on shares of NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, September 8th. Goldman Sachs Group, Inc. (The) started coverage on shares of NextEra Energy in a research note on Monday, July 24th. They issued a “buy” rating and a $160.00 price objective for the company. J P Morgan Chase & Co started coverage on shares of NextEra Energy in a research note on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price objective for the company. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $156.00 price objective (up previously from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. 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 $153.09.
In other news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John W. Ketchum sold 2,900 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $150.00, for a total transaction of $435,000.00. Following the sale, the executive vice president now directly owns 18,786 shares of the company’s stock, valued at $2,817,900. The disclosure for this sale can be found here. Insiders have sold 63,385 shares of company stock valued at $9,314,382 over the last three months. Insiders own 0.53% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE:NEE) opened at 147.76 on Friday. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $151.60. The stock has a market cap of $69.33 billion, a PE ratio of 16.92 and a beta of 0.31. The firm’s 50-day moving average is $148.76 and its 200 day moving average is $141.02.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping the consensus estimate of $1.76 by $0.10. The company had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. NextEra Energy’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.67 earnings per share. On average, equities analysts predict that NextEra Energy, Inc. will post $6.73 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders 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 2.66%. The ex-dividend date was Wednesday, August 23rd. NextEra Energy’s dividend payout ratio is currently 45.02%.
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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