Rothschild Asset Management Inc. decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 17.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,839 shares of the utilities provider’s stock after selling 1,057 shares during the period. Rothschild Asset Management Inc.’s holdings in NextEra Energy were worth $621,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in NEE. Pinnacle Bank acquired a new stake in NextEra Energy during the first quarter worth about $161,000. Norway Savings Bank increased its position in NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock worth $172,000 after buying an additional 18 shares during the period. Baystate Wealth Management LLC increased its position in NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock worth $174,000 after buying an additional 441 shares during the period. Ruggie Capital Group bought a new position in NextEra Energy during the first quarter worth $191,000. Finally, Oarsman Capital Inc. bought a new position in NextEra Energy during the first quarter worth $200,000. Institutional investors own 76.84% of the company’s stock.
Shares of NextEra Energy, Inc. (NEE) opened at 149.93 on Friday. The company has a 50 day moving average of $144.37 and a 200 day moving average of $136.10. The company has a market cap of $70.35 billion, a PE ratio of 17.17 and a beta of 0.32. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $150.60.
NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.10. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The company’s revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 EPS. Equities analysts expect that NextEra Energy, Inc. will post $6.72 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Wednesday, August 23rd. NextEra Energy’s payout ratio is 45.02%.
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A number of equities analysts have recently weighed in on NEE shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $144.00 price target on shares of NextEra Energy in a research note on Tuesday, May 2nd. BidaskClub downgraded shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. BMO Capital Markets reaffirmed a “buy” rating and issued a $156.00 price target (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. Goldman Sachs Group, Inc. (The) began coverage on shares of NextEra Energy in a research report on Monday, July 24th. They set a “buy” rating and a $160.00 target price on the stock. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $158.00 target price (up from $150.00) on shares of NextEra Energy in a research report on Monday, June 19th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. NextEra Energy has an average rating of “Buy” and a consensus target price of $148.64.
In related news, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Eric E. Silagy sold 8,111 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the completion of the transaction, the director now owns 26,884 shares in the company, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.
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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