Thrivent Financial For Lutherans boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 3.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,132 shares of the utilities provider’s stock after purchasing an additional 570 shares during the period. Thrivent Financial For Lutherans’ holdings in NextEra Energy were worth $2,541,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hanson McClain Inc. lifted its position in NextEra Energy by 6.0% in the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 43 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in 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 worth $112,000 after purchasing an additional 71 shares during the period. Highstreet Asset Management Inc. acquired a new stake in NextEra Energy in the second quarter worth approximately $134,000. Manchester Capital Management LLC lifted its position in NextEra Energy by 20.5% in the second quarter. Manchester Capital Management LLC now owns 1,233 shares of the utilities provider’s stock worth $173,000 after purchasing an additional 210 shares during the period. Finally, First Interstate Bank lifted its position in NextEra Energy by 1.3% in the second quarter. First Interstate Bank now owns 1,259 shares of the utilities provider’s stock worth $176,000 after purchasing an additional 16 shares during the period. Hedge funds and other institutional investors own 75.30% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE NEE) opened at 155.36 on Tuesday. The firm has a market cap of $72.90 billion, a P/E ratio of 17.79 and a beta of 0.31. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $156.80. The stock’s 50 day moving average price is $149.89 and its 200-day moving average price is $143.87.
NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the previous year, the business earned $1.74 EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts anticipate that NextEra Energy, Inc. will post $6.77 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.9825 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.53%. NextEra Energy’s dividend payout ratio is 44.16%.
NEE has been the subject of a number of research analyst reports. BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) initiated coverage on NextEra Energy in a research report on Monday, July 24th. They issued a “buy” rating and a $160.00 target price for the company. KeyCorp restated a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a research report on Friday, September 1st. Bank of America Corporation initiated coverage on NextEra Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 target price for the company. Finally, Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $154.69.
In other news, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total transaction of $4,411,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Charles E. Sieving sold 30,485 shares of NextEra Energy stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the transaction, the executive vice president now directly owns 78,167 shares in the company, valued at $11,456,155.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,385 shares of company stock worth $9,614,382. 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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