NextEra Energy, Inc. (NEE) Stake Lessened by Venturi Wealth Management LLC
Venturi Wealth Management LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,480 shares of the utilities provider’s stock after selling 585 shares during the period. Venturi Wealth Management LLC’s holdings in NextEra Energy were worth $3,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC increased 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 buying an additional 71 shares during the last quarter. Highstreet Asset Management Inc. acquired a new stake in NextEra Energy in the 2nd quarter valued at approximately $134,000. Winslow Evans & Crocker Inc. increased its holdings 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 last quarter. Fruth Investment Management acquired a new stake in NextEra Energy in the 2nd quarter valued at approximately $200,000. Finally, Burns J W & Co. Inc. NY acquired a new stake in NextEra Energy in the 2nd quarter valued at approximately $204,000. Institutional investors and hedge funds own 75.41% of the company’s stock.
Several research firms recently weighed in on NEE. Goldman Sachs Group, Inc. (The) began coverage on shares of NextEra Energy in a report on Monday, July 24th. They issued a “buy” rating and a $160.00 target price for the company. BidaskClub upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $147.00 target price (up previously from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 target price for the company in a report on Tuesday. Finally, Morgan Stanley lifted their target price on shares of NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $154.08.
Shares of NextEra Energy, Inc. (NYSE NEE) opened at 149.03 on Wednesday. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $151.60. The company has a 50-day moving average of $148.63 and a 200 day moving average of $141.51. The firm has a market cap of $69.93 billion, a P/E ratio of 17.07 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping the consensus estimate of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the business posted $1.67 earnings per share. NextEra Energy’s revenue for the quarter was up 15.4% compared to the same quarter last year. Equities research analysts anticipate that NextEra Energy, Inc. will post $6.73 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were given a $0.9825 dividend. This represents a $3.93 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Wednesday, August 23rd. NextEra Energy’s payout ratio is currently 45.02%.
In other news, Director James L. Robo sold 30,000 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $4,467,881.60. Following the completion of the sale, the executive vice president now directly owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. Insiders sold 63,385 shares of company stock valued at $9,314,382 in the last three months. Company insiders own 0.53% of the company’s stock.
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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