Cypress Capital Group held its stake in NextEra Energy, Inc. (NYSE:NEE) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,890 shares of the utilities provider’s stock at the end of the first quarter. Cypress Capital Group’s holdings in NextEra Energy were worth $884,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in shares of NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after buying an additional 36,747,599 shares during the last quarter. APG Asset Management N.V. raised its stake in shares of NextEra Energy by 75.0% in the first quarter. APG Asset Management N.V. now owns 1,971,565 shares of the utilities provider’s stock worth $253,090,000 after buying an additional 844,862 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of NextEra Energy by 7,771.4% in the first quarter. Canada Pension Plan Investment Board now owns 399,000 shares of the utilities provider’s stock worth $51,220,000 after buying an additional 393,931 shares during the last quarter. Swiss National Bank raised its stake in shares of NextEra Energy by 26.1% in the first quarter. Swiss National Bank now owns 1,851,224 shares of the utilities provider’s stock worth $237,642,000 after buying an additional 382,800 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of NextEra Energy by 7.9% in 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 during the last quarter. 76.72% of the stock is owned by hedge funds and other institutional investors.
Shares of NextEra Energy, Inc. (NEE) traded down 0.4056% during trading on Friday, hitting $147.1208. The stock had a trading volume of 460,454 shares. The company has a market cap of $69.03 billion, a P/E ratio of 16.8504 and a beta of 0.32. The stock has a 50-day moving average price of $143.21 and a 200 day moving average price of $134.86. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $148.30.
NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period in the prior year, the company posted $1.67 EPS. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. Equities analysts expect that NextEra Energy, Inc. will post $6.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a yield of 2.66%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio is currently 45.02%.
A number of analysts recently commented on NEE shares. UBS AG reaffirmed a “buy” rating and issued a $143.00 price target (up previously from $138.00) on shares of NextEra Energy in a research note on Tuesday, April 18th. Barclays PLC reissued an “overweight” rating and set a $150.00 price objective (up previously from $139.00) on shares of NextEra Energy in a research report on Sunday, April 23rd. Royal Bank Of Canada reissued a “buy” rating and set a $144.00 price objective on shares of NextEra Energy in a research report on Tuesday, May 2nd. Morgan Stanley raised their price objective on NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, May 8th. Finally, BidaskClub lowered NextEra Energy from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $148.64.
In related news, Director James L. Robo sold 52,320 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $136.48, for a total transaction of $7,140,633.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Eric E. Silagy sold 8,111 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total value of $1,140,244.38. Following the transaction, the director now directly owns 26,884 shares in the company, valued at $3,779,352.72. The disclosure for this sale can be found here. Insiders have sold a total of 90,431 shares of company stock worth $12,692,378 over the last ninety days. 0.53% of the stock is currently owned by corporate insiders.
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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