Glenview Trust Co reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 1.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,991 shares of the utilities provider’s stock after selling 156 shares during the quarter. Glenview Trust Co’s holdings in NextEra Energy were worth $1,400,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in NEE. Twin Capital Management Inc. boosted its position in shares of NextEra Energy by 0.8% in the first quarter. Twin Capital Management Inc. now owns 19,380 shares of the utilities provider’s stock valued at $2,488,000 after acquiring an additional 150 shares during the period. Mark Sheptoff Financial Planning LLC raised its stake in NextEra Energy by 16.5% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 28,413 shares of the utilities provider’s stock valued at $3,647,000 after purchasing an additional 4,029 shares in the last quarter. Quantitative Investment Management LLC purchased a new stake in NextEra Energy in the first quarter valued at approximately $15,455,000. Essex Financial Services Inc. raised its stake in NextEra Energy by 2.9% in the first quarter. Essex Financial Services Inc. now owns 6,132 shares of the utilities provider’s stock valued at $787,000 after purchasing an additional 173 shares in the last quarter. Finally, Budros Ruhlin & Roe Inc. raised its stake in NextEra Energy by 5.9% in the first quarter. Budros Ruhlin & Roe Inc. now owns 2,710 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 75.30% of the company’s stock.
In other news, EVP John W. Ketchum sold 2,900 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $2,817,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total transaction of $4,545,600.00. The disclosure for this sale can be found here. Insiders have sold 65,385 shares of company stock worth $9,748,482 over the last three months. Insiders own 0.53% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of NextEra Energy in a research note on Monday, July 24th. They issued a “buy” rating and a $160.00 target price on the stock. KeyCorp reaffirmed a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a research note on Thursday, October 12th. BidaskClub raised shares of 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 target price (up from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. Finally, Bank of America Corporation assumed coverage on shares of NextEra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $166.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. NextEra Energy currently has an average rating of “Buy” and an average target price of $154.69.
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NextEra Energy, Inc. (NYSE:NEE) opened at $152.65 on Friday. The company has a market capitalization of $70.49 billion, a P/E ratio of 22.47, a P/E/G ratio of 2.98 and a beta of 0.31. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.77 by $0.08. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The business’s revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted $1.74 earnings per share. analysts anticipate that NextEra Energy, Inc. will post 6.73 EPS 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 paid a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 44.16%.
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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