NextEra Energy, Inc. (NEE) Position Lifted by People s United Financial Inc.
People s United Financial Inc. increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 4.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 117,804 shares of the utilities provider’s stock after purchasing an additional 5,483 shares during the period. People s United Financial Inc.’s holdings in NextEra Energy were worth $16,508,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of NEE. Davidson & Garrard Inc. increased its position in shares of NextEra Energy by 32.9% in the first quarter. Davidson & Garrard Inc. now owns 2,301 shares of the utilities provider’s stock worth $295,000 after purchasing an additional 570 shares during the period. Thornburg Investment Management Inc. increased its position in shares of NextEra Energy by 8.8% in the first quarter. Thornburg Investment Management Inc. now owns 3,950 shares of the utilities provider’s stock worth $507,000 after purchasing an additional 319 shares during the period. Ingalls & Snyder LLC increased its position in shares of NextEra Energy by 5.2% in the first quarter. Ingalls & Snyder LLC now owns 11,331 shares of the utilities provider’s stock worth $1,455,000 after purchasing an additional 558 shares during the period. Ecofin Ltd. increased its position in shares of NextEra Energy by 9.6% in the first quarter. Ecofin Ltd. now owns 180,596 shares of the utilities provider’s stock worth $23,183,000 after purchasing an additional 15,781 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its position in shares of NextEra Energy by 76.2% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 94,519 shares of the utilities provider’s stock worth $12,133,000 after purchasing an additional 40,863 shares during the period. Institutional investors own 75.19% of the company’s stock.
Shares of NextEra Energy, Inc. (NEE) opened at $155.49 on Wednesday. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $156.80. The company has a market capitalization of $71,434.58, a PE ratio of 22.77, a PEG ratio of 3.02 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same period last year, the firm posted $1.74 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. sell-side analysts anticipate that NextEra Energy, Inc. will post 6.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s payout ratio is 44.16%.
In other news, EVP Charles E. Sieving sold 30,485 shares of NextEra Energy stock in a transaction dated 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 sale, the executive vice president now directly owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total value of $4,545,600.00. The disclosure for this sale can be found here. Insiders have sold 65,385 shares of company stock worth $9,748,482 over the last three months. Insiders own 0.53% of the company’s stock.
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A number of brokerages recently commented on NEE. Bank of America Corporation began coverage on NextEra Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price target on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $156.00 price target on shares of NextEra Energy in a research report on Tuesday. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. KeyCorp restated a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co set a $169.00 price objective on NextEra Energy and gave the company a “hold” rating in a research note on Thursday, October 12th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $155.38.
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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