Evercore Wealth Management LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,050 shares of the utilities provider’s stock after purchasing an additional 140 shares during the quarter. Evercore Wealth Management LLC’s holdings in NextEra Energy were worth $2,109,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Hanson McClain Inc. increased its stake in shares of NextEra Energy by 6.0% in the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 43 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of 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 worth $112,000 after acquiring an additional 71 shares in the last quarter. Highstreet Asset Management Inc. bought a new position in shares of NextEra Energy in the 2nd quarter worth about $134,000. Pacific Center for Financial Services increased its stake in shares of 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 worth $160,000 after acquiring an additional 380 shares in the last quarter. Finally, Manchester Capital Management LLC increased its stake in shares of NextEra Energy by 20.5% in 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 in the last quarter. Institutional investors and hedge funds own 75.19% of the company’s stock.
Several brokerages recently issued reports on NEE. Morgan Stanley increased their price target on shares of NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $147.00 price target (up from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. J P Morgan Chase & Co assumed coverage on shares of NextEra Energy in a research report on Thursday, September 7th. They set an “overweight” rating and a $173.00 price objective on the stock. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price objective on the stock in a research report on Tuesday, October 10th. Finally, KeyCorp reissued a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a research report on Thursday, October 12th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $154.69.
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NextEra Energy, Inc. (NYSE:NEE) opened at $152.65 on Monday. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $156.80. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11. The firm has a market cap of $71,806.20, a P/E ratio of 22.89, a PEG ratio of 3.04 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the prior year, the business earned $1.74 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. research analysts expect that NextEra Energy, Inc. will post 6.73 earnings per share for the current fiscal year.
The firm 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 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 44.16%.
In other news, EVP Joseph T. Kelliher sold 2,000 shares of the stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. The sale was disclosed in a legal filing with the SEC, which is available at 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 sold a total of 65,385 shares of company stock worth $9,748,482 in the last quarter. Company insiders own 0.53% of the company’s stock.
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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