Fiduciary Trust Co. lowered its stake in shares of NextEra Energy Inc (NYSE:NEE) by 2.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,889 shares of the utilities provider’s stock after selling 2,031 shares during the quarter. Fiduciary Trust Co.’s holdings in NextEra Energy were worth $9,803,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Day & Ennis LLC grew its stake in shares of 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 purchasing an additional 14 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of 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 purchasing an additional 15 shares in the last quarter. Whalerock Point Partners LLC grew its stake in shares of 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 purchasing an additional 15 shares in the last quarter. First Interstate Bank grew its stake in shares of 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 purchasing an additional 16 shares in the last quarter. Finally, Sfmg LLC grew its stake in shares of 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 purchasing an additional 19 shares in the last quarter. 75.63% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have issued reports on NEE. Argus upped their price objective on shares of NextEra Energy to $173.00 and gave the company a “buy” rating in a research note on Tuesday. They noted that the move was a valuation call. Bank of America began coverage on shares of NextEra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price objective for the company. Royal Bank Of Canada restated a “buy” rating and issued a $156.00 price objective on shares of NextEra Energy in a research note on Tuesday, November 7th. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Finally, KeyCorp restated a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a research note on Friday, September 1st. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $156.64.
Shares of NextEra Energy Inc (NEE) traded down $1.50 during trading hours on Tuesday, hitting $155.97. 1,400,900 shares of the stock were exchanged, compared to its average volume of 1,683,221. NextEra Energy Inc has a 1-year low of $113.18 and a 1-year high of $159.28. 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 stock has a market capitalization of $74,073.52, a PE ratio of 23.61, a price-to-earnings-growth ratio of 3.14 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last announced its earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The business had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the prior year, the company earned $1.74 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. equities research analysts forecast that NextEra Energy Inc will post 6.73 earnings per share for the current fiscal year.
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 $0.9825 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.52%. NextEra Energy’s payout ratio is 44.16%.
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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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