Isthmus Partners LLC continued to hold its position in NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,599 shares of the utilities provider’s stock at the close of the 2nd quarter. Isthmus Partners LLC’s holdings in NextEra Energy were worth $504,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Thrivent Financial For Lutherans raised its stake in NextEra Energy by 3.2% in the second quarter. Thrivent Financial For Lutherans now owns 18,132 shares of the utilities provider’s stock valued at $2,541,000 after purchasing an additional 570 shares in the last quarter. Sandy Spring Bank raised its stake in NextEra Energy by 0.8% in the second quarter. Sandy Spring Bank now owns 26,746 shares of the utilities provider’s stock valued at $3,748,000 after purchasing an additional 217 shares in the last quarter. Profund Advisors LLC raised its stake in NextEra Energy by 33.4% in the second quarter. Profund Advisors LLC now owns 49,904 shares of the utilities provider’s stock valued at $6,993,000 after purchasing an additional 12,486 shares in the last quarter. Laurion Capital Management LP acquired a new position in NextEra Energy in the second quarter valued at about $589,000. Finally, BT Investment Management Ltd acquired a new position in NextEra Energy in the second quarter valued at about $96,214,000. 75.30% of the stock is owned by institutional investors.
NextEra Energy, Inc. (NYSE NEE) opened at 155.07 on Wednesday. The firm’s 50-day moving average price is $149.99 and its 200 day moving average price is $143.95. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $156.80. The firm has a market cap of $72.76 billion, a P/E ratio of 17.76 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The firm had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter last year, the firm posted $1.74 EPS. The company’s revenue was up .1% compared to the same quarter last year. Equities analysts forecast that NextEra Energy, Inc. will post $6.77 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a $0.9825 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 annualized dividend and a dividend yield of 2.53%. NextEra Energy’s payout ratio is currently 44.16%.
A number of research firms recently commented on NEE. Goldman Sachs Group, Inc. (The) began coverage on NextEra Energy in a research note on Monday, July 24th. They issued a “buy” rating and a $160.00 price target for the company. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research note on Thursday, October 12th. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $147.00 price target (up previously from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. Finally, Bank of America Corporation began coverage on NextEra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $154.69.
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In other NextEra Energy news, EVP Joseph T. Kelliher sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John W. Ketchum sold 2,900 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $150.00, for a total value of $435,000.00. Following the completion of the sale, the executive vice president now directly owns 18,786 shares in the company, valued at approximately $2,817,900. The disclosure for this sale can be found here. In the last ninety days, insiders 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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