ETRADE Capital Management LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,397 shares of the utilities provider’s stock after purchasing an additional 132 shares during the quarter. ETRADE Capital Management LLC’s holdings in NextEra Energy were worth $3,279,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Day & Ennis LLC grew its holdings in NextEra Energy by 0.6% during the first quarter. Day & Ennis LLC now owns 2,174 shares of the utilities provider’s stock worth $279,000 after acquiring an additional 14 shares during the period. Farmers & Merchants Investments Inc. grew its holdings in NextEra Energy by 0.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 4,745 shares of the utilities provider’s stock worth $665,000 after acquiring an additional 15 shares during the period. Whalerock Point Partners LLC grew its holdings in NextEra Energy by 0.3% during the second quarter. Whalerock Point Partners LLC now owns 5,598 shares of the utilities provider’s stock worth $784,000 after acquiring an additional 15 shares during the period. First Interstate Bank grew its holdings in NextEra Energy by 1.3% during the second quarter. First Interstate Bank now owns 1,259 shares of the utilities provider’s stock worth $176,000 after acquiring an additional 16 shares during the period. Finally, Sfmg LLC grew its holdings in NextEra Energy by 0.7% during the second quarter. Sfmg LLC now owns 2,679 shares of the utilities provider’s stock worth $375,000 after acquiring an additional 19 shares during the period. Institutional investors and hedge funds own 75.30% of the company’s stock.
In other news, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total value of $4,467,881.60. Following the sale, the executive vice president now owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph T. Kelliher sold 2,000 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. The disclosure for this sale can be found here. Insiders sold a total of 35,385 shares of company stock worth $5,202,882 in the last three months. Company insiders own 0.53% of the company’s stock.
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NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, topping the Zacks’ 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 company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the previous year, the business earned $1.74 EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a $0.9825 dividend. 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 dividend payout ratio is presently 44.16%.
A number of research analysts recently weighed in on NEE shares. BidaskClub lowered NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $147.00 price objective (up previously from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. Goldman Sachs Group, Inc. (The) started coverage on NextEra Energy in a report on Monday, July 24th. They set a “buy” rating and a $160.00 price objective on the stock. Morgan Stanley upped their price objective on NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. Finally, Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $154.69.
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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