WEALTHFRONT Corp Cuts Holdings in NextEra Energy Inc (NEE)
WEALTHFRONT Corp lessened its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 2.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,031 shares of the utilities provider’s stock after selling 575 shares during the quarter. WEALTHFRONT Corp’s holdings in NextEra Energy were worth $3,525,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Capital Advisors Ltd. LLC boosted its position in NextEra Energy by 323.5% during the third quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock worth $109,000 after purchasing an additional 495 shares during the period. Private Ocean LLC boosted its position in NextEra Energy by 154.2% during the third quarter. Private Ocean LLC now owns 778 shares of the utilities provider’s stock worth $130,000 after purchasing an additional 472 shares during the period. Braun Bostich & Associates Inc. boosted its position in NextEra Energy by 492.5% during the second quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock worth $144,000 after purchasing an additional 719 shares during the period. LFA Lugano Financial Advisors SA bought a new position in NextEra Energy during the third quarter worth about $168,000. Finally, CSat Investment Advisory L.P. bought a new position in NextEra Energy during the second quarter worth about $176,000. Hedge funds and other institutional investors own 76.28% of the company’s stock.
In other NextEra Energy news, EVP Charles E. Sieving sold 19,731 shares of NextEra Energy stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $180.10, for a total transaction of $3,553,553.10. Following the completion of the sale, the executive vice president now directly owns 68,245 shares in the company, valued at $12,290,924.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Treasurer Paul I. Cutler sold 7,639 shares of NextEra Energy stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $173.30, for a total transaction of $1,323,838.70. Following the sale, the treasurer now owns 98,914 shares of the company’s stock, valued at $17,141,796.20. The disclosure for this sale can be found here. Insiders sold 52,941 shares of company stock valued at $9,302,680 over the last 90 days. 0.55% of the stock is owned by company insiders.
NEE stock opened at $181.57 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.65 and a quick ratio of 0.57. NextEra Energy Inc has a 12 month low of $145.10 and a 12 month high of $184.17. The company has a market capitalization of $87.07 billion, a PE ratio of 27.11, a PEG ratio of 2.80 and a beta of 0.14.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, October 23rd. The utilities provider reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.03. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The company had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.92 billion. During the same period last year, the business earned $1.85 earnings per share. NextEra Energy’s revenue was down 8.1% compared to the same quarter last year. Equities research analysts predict that NextEra Energy Inc will post 7.78 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be given a $1.11 dividend. The ex-dividend date is Thursday, November 29th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.45%. NextEra Energy’s dividend payout ratio (DPR) is currently 66.27%.
About NextEra Energy
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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