2,058 Shares in NextEra Energy, Inc. (NEE) Purchased by Laurel Wealth Advisors Inc.
Laurel Wealth Advisors Inc. acquired a new position in NextEra Energy, Inc. (NYSE:NEE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,058 shares of the company’s stock, valued at approximately $288,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Hanson McClain Inc. raised its stake in NextEra Energy by 6.0% during the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the company’s stock valued at $107,000 after buying an additional 43 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in NextEra Energy by 8.9% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the company’s stock valued at $112,000 after buying an additional 71 shares during the last quarter. Highstreet Asset Management Inc. purchased a new stake in NextEra Energy during the 2nd quarter valued at $134,000. Pacific Center for Financial Services raised its stake in NextEra Energy by 50.1% during the 2nd quarter. Pacific Center for Financial Services now owns 1,139 shares of the company’s stock valued at $160,000 after buying an additional 380 shares during the last quarter. Finally, Manchester Capital Management LLC raised its stake in NextEra Energy by 20.5% during the 2nd quarter. Manchester Capital Management LLC now owns 1,233 shares of the company’s stock valued at $173,000 after buying an additional 210 shares during the last quarter. Institutional investors own 75.23% of the company’s stock.
NextEra Energy, Inc. (NEE) opened at C$155.16 on Monday. The firm has a market cap of $72,986.90, a price-to-earnings ratio of 23.26, a P/E/G ratio of 3.09 and a beta of 0.31. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 1-year low of C$110.49 and a 1-year high of C$156.80.
NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, October 26th. The company reported C$1.85 earnings per share for the quarter, topping the consensus estimate of C$1.77 by C$0.08. The company had revenue of C$4.81 billion during the quarter, compared to the consensus estimate of C$4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. NextEra Energy’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.74 EPS. analysts expect that NextEra Energy, Inc. will post 6.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 44.16%.
A number of equities research analysts have recently issued reports on NEE shares. KeyCorp reissued a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a research report on Friday, September 1st. Morgan Stanley boosted their price objective 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. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. J P Morgan Chase & Co started coverage on shares of NextEra Energy in a research report on Thursday, September 7th. They set an “overweight” rating and a $173.00 price objective for the company. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $156.00 price objective on shares of NextEra Energy in a research report on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. NextEra Energy presently has an average rating of “Buy” and an average target price of C$155.38.
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In other NextEra Energy news, EVP Charles E. Sieving sold 30,485 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of C$146.56, for a total transaction of C$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 approximately C$11,456,155.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John W. Ketchum sold 2,900 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of C$150.00, for a total transaction of C$435,000.00. Following the transaction, the executive vice president now directly owns 18,786 shares of the company’s stock, valued at approximately C$2,817,900. The disclosure for this sale can be found here. Insiders have sold a total of 65,385 shares of company stock valued at $9,748,482 in the last three months. Insiders own 0.53% of the company’s stock.
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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