CS Mckee LP Cuts Position in NextEra Energy, Inc. (NEE)
CS Mckee LP trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 2.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,824 shares of the utilities provider’s stock after selling 2,366 shares during the period. CS Mckee LP’s holdings in NextEra Energy were worth $12,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Cypress Capital Management LLC acquired a new stake in NextEra Energy during the 2nd quarter worth about $228,000. Raymond James Financial Services Advisors Inc. grew its position in NextEra Energy by 10.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 143,758 shares of the utilities provider’s stock worth $20,146,000 after purchasing an additional 13,670 shares during the period. Laurel Wealth Advisors Inc. acquired a new stake in NextEra Energy during the 2nd quarter worth about $288,000. Princeton Portfolio Strategies Group LLC grew its position in NextEra Energy by 72.9% during the 2nd quarter. Princeton Portfolio Strategies Group LLC now owns 51,999 shares of the utilities provider’s stock worth $5,149,000 after purchasing an additional 21,933 shares during the period. Finally, Friedberg Investment Management grew its position in NextEra Energy by 14.0% during the 2nd quarter. Friedberg Investment Management now owns 37,515 shares of the utilities provider’s stock worth $5,257,000 after purchasing an additional 4,601 shares during the period. 75.23% of the stock is currently owned by hedge funds and other institutional investors.
In other NextEra Energy news, EVP Joseph T. Kelliher sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John W. Ketchum sold 2,900 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $150.00, for a total transaction of $435,000.00. Following the completion of the transaction, the executive vice president now directly owns 18,786 shares in the company, valued at $2,817,900. The disclosure for this sale can be found here. Insiders sold a total of 65,385 shares of company stock worth $9,748,482 over the last ninety days. 0.53% of the stock is currently owned by corporate insiders.
NextEra Energy, Inc. (NEE) opened at $156.78 on Tuesday. The firm has a market cap of $72,986.90, a PE ratio of 23.26, a P/E/G ratio of 3.09 and a beta of 0.31. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $157.00. 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 (NYSE:NEE) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.08. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $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 period last year, the company posted $1.74 EPS. equities analysts anticipate that NextEra Energy, Inc. will post 6.73 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors 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 yield of 2.51%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is presently 44.16%.
Several equities research analysts have weighed in on the company. Goldman Sachs Group, Inc. (The) assumed coverage on NextEra Energy in a research report on Monday, July 24th. They set a “buy” rating and a $160.00 price target on the stock. KeyCorp reaffirmed a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a research report on Thursday, October 12th. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Bank of America Corporation initiated coverage on NextEra Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price target on the stock. Finally, Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Tuesday, October 10th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. NextEra Energy has a consensus rating of “Buy” and an average price target of $155.38.
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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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