NextEra Energy, Inc. (NEE) Shares Sold by Fiduciary Trust Co.
Fiduciary Trust Co. decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,920 shares of the utilities provider’s stock after selling 2,600 shares during the quarter. Fiduciary Trust Co.’s holdings in NextEra Energy were worth $9,658,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Hanson McClain Inc. raised its position in NextEra Energy by 6.0% in the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 43 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 71 shares in the last quarter. Highstreet Asset Management Inc. purchased a new position in NextEra Energy in the second quarter worth $134,000. Manchester Capital Management LLC raised its position in NextEra Energy by 20.5% in the second quarter. Manchester Capital Management LLC now owns 1,233 shares of the utilities provider’s stock worth $173,000 after acquiring an additional 210 shares in the last quarter. Finally, First Interstate Bank raised its position in NextEra Energy by 1.3% in the second quarter. First Interstate Bank now owns 1,259 shares of the utilities provider’s stock worth $176,000 after acquiring an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 75.37% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE NEE) opened at 154.16 on Friday. The company’s 50 day moving average price is $149.01 and its 200-day moving average price is $142.61. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $154.24. The firm has a market cap of $72.34 billion, a price-to-earnings ratio of 17.66 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 EPS for the quarter, topping the Zacks’ 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 company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the business earned $1.67 EPS. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. Equities analysts expect that NextEra Energy, Inc. will post $6.76 EPS for the current fiscal 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 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is presently 45.02%.
In other news, EVP Joseph T. Kelliher sold 2,000 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $150.00, for a total transaction of $300,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction on 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 sale, the executive vice president now directly owns 78,167 shares in the company, valued at $11,456,155.52. The disclosure for this sale can be found here. Insiders sold a total of 65,385 shares of company stock worth $9,614,382 in the last three months. Company insiders own 0.53% of the company’s stock.
Several research analysts have issued reports on the company. Morgan Stanley increased their price objective on NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a research report on Thursday, August 10th. Royal Bank Of Canada restated an “outperform” rating and issued a $147.00 price target (up previously from $144.00) on shares of NextEra Energy in a research report on Sunday, July 9th. J P Morgan Chase & Co assumed coverage on NextEra Energy in a research report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price target for the company. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, KeyCorp restated a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research report on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. NextEra Energy presently has a consensus rating of “Buy” and a consensus price target of $153.75.
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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