Dodge & Cox trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,992 shares of the utilities provider’s stock after selling 554 shares during the period. Dodge & Cox’s holdings in NextEra Energy were worth $1,260,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Hanson McClain Inc. boosted its holdings in NextEra Energy by 6.0% in the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 43 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in NextEra Energy by 8.9% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 71 shares during the period. Highstreet Asset Management Inc. bought a new position in NextEra Energy in the 2nd quarter valued at $134,000. Pacific Center for Financial Services boosted its holdings in NextEra Energy by 50.1% in the 2nd quarter. Pacific Center for Financial Services now owns 1,139 shares of the utilities provider’s stock valued at $160,000 after purchasing an additional 380 shares during the period. Finally, Manchester Capital Management LLC lifted its holdings in shares of NextEra Energy by 20.5% during the 2nd quarter. Manchester Capital Management LLC now owns 1,233 shares of the utilities provider’s stock worth $173,000 after acquiring an additional 210 shares during the last quarter. Institutional investors and hedge funds own 75.30% of the company’s stock.
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A number of analysts have recently issued reports on NEE shares. BidaskClub raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) started coverage on shares of NextEra Energy in a report on Monday, July 24th. They set a “buy” rating and a $160.00 price objective for the company. KeyCorp reaffirmed a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a report on Friday, September 1st. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a report on Tuesday, October 10th. Finally, Bank of America Corporation started coverage on shares of NextEra Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 target price on the stock. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $154.69.
In other NextEra Energy news, EVP John W. Ketchum sold 2,900 shares of the company’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 transaction, the executive vice president now owns 18,786 shares of the company’s stock, valued at $2,817,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph T. Kelliher sold 2,000 shares of the company’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,385 shares of company stock worth $5,202,882. Corporate insiders own 0.53% of the company’s stock.
NextEra Energy (NYSE:NEE) last posted its 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. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.74 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s payout ratio is 44.16%.
NextEra Energy 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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