NextEra Energy, Inc. (NEE) Stake Lessened by Good Life Advisors LLC
Good Life Advisors LLC lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 9.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,681 shares of the utilities provider’s stock after selling 166 shares during the quarter. Good Life Advisors LLC’s holdings in NextEra Energy were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of NEE. Waldron LP increased its holdings in NextEra Energy by 1.6% in the 1st quarter. Waldron LP now owns 5,510 shares of the utilities provider’s stock worth $707,000 after buying an additional 87 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in NextEra Energy by 339.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 11,207 shares of the utilities provider’s stock worth $1,439,000 after buying an additional 8,658 shares in the last quarter. Swiss National Bank increased its holdings in NextEra Energy by 26.1% in the 1st quarter. Swiss National Bank now owns 1,851,224 shares of the utilities provider’s stock worth $237,642,000 after buying an additional 382,800 shares in the last quarter. World Asset Management Inc increased its holdings in NextEra Energy by 9.8% in the 1st quarter. World Asset Management Inc now owns 48,324 shares of the utilities provider’s stock worth $6,203,000 after buying an additional 4,313 shares in the last quarter. Finally, Morse Asset Management Inc bought a new stake in NextEra Energy in the 1st quarter worth about $937,000. 75.37% 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. BMO Capital Markets reiterated a “buy” rating and issued a $156.00 price objective (up from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) initiated coverage on NextEra Energy in a report on Monday, July 24th. They issued a “buy” rating and a $160.00 price objective for the company. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a report on Tuesday, October 10th. Finally, KeyCorp reiterated a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a report on Friday, September 1st. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. NextEra Energy presently has an average rating of “Buy” and an average target price of $153.75.
Shares of NextEra Energy, Inc. (NEE) opened at 151.52 on Tuesday. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $152.27. The firm’s 50 day moving average price is $148.63 and its 200-day moving average price is $141.93. The company has a market capitalization of $71.10 billion, a P/E ratio of 17.35 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the business posted $1.67 earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. Analysts expect that NextEra Energy, Inc. will post $6.75 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a $0.9825 dividend. This represents a $3.93 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s payout ratio is 45.02%.
In other news, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total value of $4,411,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 30,485 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,385 shares of company stock valued at $9,614,382. Company insiders own 0.53% of the company’s stock.
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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