Schulhoff & Co. Inc. Has $259,000 Holdings in NextEra Energy, Inc. (NEE)
Schulhoff & Co. Inc. lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 20.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,852 shares of the utilities provider’s stock after selling 470 shares during the period. Schulhoff & Co. Inc.’s holdings in NextEra Energy were worth $259,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Waldron LP boosted its position in shares of NextEra Energy by 1.6% during the 1st quarter. Waldron LP now owns 5,510 shares of the utilities provider’s stock worth $707,000 after acquiring an additional 87 shares in the last quarter. Xact Kapitalforvaltning AB boosted its position in shares of NextEra Energy by 9.9% during the 1st quarter. Xact Kapitalforvaltning AB now owns 36,331 shares of the utilities provider’s stock worth $4,664,000 after acquiring an additional 3,287 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of NextEra Energy by 339.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 11,207 shares of the utilities provider’s stock worth $1,439,000 after acquiring an additional 8,658 shares in the last quarter. Swiss National Bank boosted its position in shares of NextEra Energy by 26.1% during the 1st quarter. Swiss National Bank now owns 1,851,224 shares of the utilities provider’s stock worth $237,642,000 after acquiring an additional 382,800 shares in the last quarter. Finally, World Asset Management Inc boosted its position in shares of NextEra Energy by 9.8% during the 1st quarter. World Asset Management Inc now owns 48,324 shares of the utilities provider’s stock worth $6,203,000 after acquiring an additional 4,313 shares in the last quarter. Hedge funds and other institutional investors own 75.41% of the company’s stock.
In other NextEra Energy news, EVP Charles E. Sieving sold 30,485 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total value of $4,467,881.60. Following the completion of the transaction, 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 can be accessed through the SEC website. Also, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total transaction of $4,411,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 65,385 shares of company stock valued at $9,614,382 in the last three months. 0.53% of the stock is currently owned by corporate insiders.
Several analysts recently issued reports on NEE shares. BidaskClub upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. KeyCorp restated a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a research report on Friday, September 1st. Goldman Sachs Group, Inc. (The) assumed coverage on shares of NextEra Energy in a research report on Monday, July 24th. They issued a “buy” rating and a $160.00 target price on the stock. BMO Capital Markets restated a “buy” rating and issued a $156.00 target price (up previously from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. Finally, Morgan Stanley raised their target price on shares of NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, September 8th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $153.75.
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NextEra Energy, Inc. (NYSE NEE) opened at 150.55 on Friday. The company has a market cap of $70.64 billion, a P/E ratio of 17.24 and a beta of 0.31. The company’s 50-day moving average is $148.63 and its 200-day moving average is $141.85. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $152.27.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.10. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.67 EPS. On average, analysts anticipate that NextEra Energy, Inc. will post $6.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a yield of 2.61%. NextEra Energy’s payout ratio is currently 45.02%.
About NextEra Energy
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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