Duncker Streett & Co. Inc. boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,104 shares of the utilities provider’s stock after buying an additional 2 shares during the period. Duncker Streett & Co. Inc.’s holdings in NextEra Energy were worth $155,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after buying an additional 71 shares during the last quarter. Pinnacle Bank purchased a new position in shares of NextEra Energy during the first quarter valued at about $161,000. Norway Savings Bank boosted its position in shares of NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock valued at $172,000 after buying an additional 18 shares during the last quarter. Baystate Wealth Management LLC boosted its position in shares of NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock valued at $174,000 after buying an additional 441 shares during the last quarter. Finally, Ruggie Capital Group purchased a new position in shares of NextEra Energy during the first quarter valued at about $191,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.
Shares of NextEra Energy, Inc. (NEE) traded up 1.10% on Friday, reaching $150.24. The company had a trading volume of 607,635 shares. The company’s 50-day moving average price is $144.09 and its 200 day moving average price is $135.91. The firm has a market capitalization of $70.50 billion, a P/E ratio of 17.21 and a beta of 0.32. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $150.52.
NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.10. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.67 EPS. On average, analysts expect that NextEra Energy, Inc. will post $6.72 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio (DPR) is 45.02%.
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Several research analysts have recently issued reports on the company. Goldman Sachs Group, Inc. (The) assumed coverage on NextEra Energy in a research note on Monday, July 24th. They issued a “buy” rating and a $160.00 price objective for the company. BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $147.00 price objective (up from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. Morgan Stanley lifted their price target 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, Wells Fargo & Company reiterated an “outperform” rating and set a $158.00 price target (up from $150.00) on shares of NextEra Energy in a research report on Monday, June 19th. 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 currently has an average rating of “Buy” and a consensus target price of $148.64.
In other news, Director James L. Robo sold 30,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total transaction of $4,411,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric E. Silagy sold 8,111 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was 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 of the company’s stock, valued at $3,779,352.72. The disclosure for this sale can be found here. Corporate 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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