NextEra Energy, Inc. (NEE) Shares Bought by Evermay Wealth Management LLC
Evermay Wealth Management LLC raised its position in NextEra Energy, Inc. (NYSE:NEE) by 17.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,427 shares of the utilities provider’s stock after buying an additional 1,087 shares during the quarter. NextEra Energy accounts for 0.5% of Evermay Wealth Management LLC’s holdings, making the stock its 21st biggest holding. Evermay Wealth Management LLC’s holdings in NextEra Energy were worth $1,088,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. lifted its holdings in NextEra Energy by 0.6% during the second quarter. BlackRock Inc. now owns 38,051,440 shares of the utilities provider’s stock worth $5,332,149,000 after acquiring an additional 217,972 shares during the period. Vanguard Group Inc. raised its stake in shares of NextEra Energy by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after purchasing an additional 1,503,907 shares during the period. Wellington Management Group LLP raised its stake in shares of NextEra Energy by 0.8% during the 1st quarter. Wellington Management Group LLP now owns 19,961,544 shares of the utilities provider’s stock valued at $2,562,463,000 after purchasing an additional 167,275 shares during the period. FMR LLC raised its stake in shares of NextEra Energy by 1.1% during the 2nd quarter. FMR LLC now owns 7,767,929 shares of the utilities provider’s stock valued at $1,088,520,000 after purchasing an additional 87,224 shares during the period. Finally, Geode Capital Management LLC grew its position in NextEra Energy by 7.9% during the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock worth $586,925,000 after buying an additional 336,562 shares in the last quarter. 74.55% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on NEE. KeyCorp restated a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a report on Friday, September 1st. Morgan Stanley increased their target price on NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, September 8th. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. J P Morgan Chase & Co assumed coverage on NextEra Energy in a research note on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price target on the stock. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $156.00 target price on shares of NextEra Energy in a report on Tuesday, November 7th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. NextEra Energy has a consensus rating of “Buy” and a consensus target price of $155.38.
NextEra Energy, Inc. (NYSE NEE) opened at $156.05 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. The firm has a market cap of $72,996.30, a P/E ratio of 23.26, a PEG ratio of 3.09 and a beta of 0.31. NextEra Energy, Inc. has a 52-week low of $112.63 and a 52-week high of $159.28.
NextEra Energy (NYSE:NEE) last announced its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the prior year, the firm earned $1.74 earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. analysts forecast that NextEra Energy, Inc. will post 6.73 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 annualized dividend and a yield of 2.52%. NextEra Energy’s payout ratio is 44.16%.
In other news, EVP Joseph T. Kelliher sold 2,000 shares of the firm’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the completion of the sale, the executive vice president now owns 78,167 shares in the company, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,385 shares of company stock valued at $9,748,482. Insiders own 0.53% of the company’s stock.
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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