Marshall Wace LLP Has $1.52 Million Holdings in NextEra Energy, Inc. (NEE)
Marshall Wace LLP lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 85.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,847 shares of the utilities provider’s stock after selling 65,774 shares during the quarter. Marshall Wace LLP’s holdings in NextEra Energy were worth $1,519,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Family Office LLC grew its stake in NextEra Energy by 5.0% in the 2nd quarter. Boston Family Office LLC now owns 43,349 shares of the utilities provider’s stock valued at $6,074,000 after acquiring an additional 2,081 shares during the last quarter. Adell Harriman & Carpenter Inc. grew its stake in NextEra Energy by 140.9% in the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 11,200 shares of the utilities provider’s stock valued at $1,569,000 after acquiring an additional 6,550 shares during the last quarter. Annex Advisory Services LLC grew its stake in NextEra Energy by 10.4% in the 2nd quarter. Annex Advisory Services LLC now owns 8,033 shares of the utilities provider’s stock valued at $1,126,000 after acquiring an additional 755 shares during the last quarter. BB&T Securities LLC grew its stake in NextEra Energy by 12.2% in the 2nd quarter. BB&T Securities LLC now owns 96,832 shares of the utilities provider’s stock valued at $13,568,000 after acquiring an additional 10,512 shares during the last quarter. Finally, Blair William & Co. IL grew its stake in NextEra Energy by 6.0% in the 2nd quarter. Blair William & Co. IL now owns 51,001 shares of the utilities provider’s stock valued at $7,147,000 after acquiring an additional 2,886 shares during the last quarter. Institutional investors and hedge funds own 75.41% of the company’s stock.
In other NextEra Energy news, EVP John W. Ketchum sold 2,900 shares of NextEra Energy stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $150.00, for a total transaction of $435,000.00. Following the transaction, the executive vice president now owns 18,786 shares of the company’s stock, valued at approximately $2,817,900. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James L. Robo sold 30,000 shares of NextEra Energy 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. In the last ninety days, insiders have sold 63,385 shares of company stock worth $9,314,382. Company insiders own 0.53% of the company’s stock.
A number of equities research analysts recently commented on the stock. Morgan Stanley increased their price objective on shares of NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Wells Fargo & Company reissued an “outperform” rating and issued a $158.00 price objective (up from $150.00) on shares of NextEra Energy in a research note on Monday, June 19th. BidaskClub cut shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Royal Bank Of Canada reissued an “outperform” rating and issued a $147.00 price objective (up from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. Finally, J P Morgan Chase & Co assumed 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 on the stock. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $153.09.
Shares of NextEra Energy, Inc. (NYSE NEE) opened at 147.47 on Friday. The firm’s 50 day moving average is $148.73 and its 200 day moving average is $141.14. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $151.60. The firm has a market capitalization of $69.20 billion, a PE ratio of 16.89 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.10. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.67 EPS. Analysts anticipate that NextEra Energy, Inc. will post $6.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were paid a dividend of $0.9825 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $3.93 annualized dividend and a yield of 2.66%. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.
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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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