NextEra Energy, Inc. (NEE) Shares Sold by Chicago Equity Partners LLC
Chicago Equity Partners LLC trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,585 shares of the utilities provider’s stock after selling 1,590 shares during the quarter. Chicago Equity Partners LLC’s holdings in NextEra Energy were worth $11,853,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in NEE. Hanson McClain Inc. increased its position in NextEra Energy by 6.0% during the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 43 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in 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 purchasing an additional 71 shares in the last quarter. Highstreet Asset Management Inc. acquired a new position in NextEra Energy during the 2nd quarter worth approximately $134,000. First Interstate Bank grew its holdings in NextEra Energy by 1.3% during the 2nd quarter. First Interstate Bank now owns 1,259 shares of the utilities provider’s stock worth $176,000 after acquiring an additional 16 shares during the last quarter. Finally, Ruggie Capital Group bought a new stake in NextEra Energy during the 1st quarter worth approximately $191,000. Institutional investors and hedge funds own 75.37% of the company’s stock.
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NextEra Energy, Inc. (NYSE:NEE) opened at 152.67 on Wednesday. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $152.86. The company’s 50-day moving average is $148.63 and its 200 day moving average is $141.93. The company has a market capitalization of $71.39 billion, a price-to-earnings ratio of 24.43 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.10. The business had revenue of $4.40 billion for 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 previous year, the business posted $1.67 earnings per share. On average, analysts forecast that NextEra Energy, Inc. will post $6.76 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.
A number of research firms have weighed in on NEE. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. KeyCorp reissued a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a report on Thursday, October 12th. J P Morgan Chase & Co set a $169.00 target price on shares of NextEra Energy and gave the stock a “hold” rating in a report on Thursday, October 12th. Morgan Stanley boosted their target price on shares of NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. Finally, BidaskClub raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $153.75.
In other news, EVP Joseph T. Kelliher sold 2,000 shares of the business’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,385 shares of company stock worth $9,614,382. 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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