Parametric Portfolio Associates LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,000,468 shares of the utilities provider’s stock after acquiring an additional 4,225 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.21% of NextEra Energy worth $140,196,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Hanson McClain Inc. boosted its holdings 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 lifted its holdings in NextEra Energy by 8.9% during 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 buying an additional 71 shares in the last quarter. Highstreet Asset Management Inc. acquired a new position in NextEra Energy during the 2nd quarter worth $134,000. Pacific Center for Financial Services lifted its holdings in NextEra Energy by 50.1% during the 2nd quarter. Pacific Center for Financial Services now owns 1,139 shares of the utilities provider’s stock worth $160,000 after buying an additional 380 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its holdings in 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 buying an additional 210 shares in the last quarter. Institutional investors own 75.23% of the company’s stock.
A number of research analysts have recently weighed in on the company. Goldman Sachs Group, Inc. (The) assumed coverage on NextEra Energy in a research note on Monday, July 24th. They issued a “buy” rating and a $160.00 price target on the stock. KeyCorp restated a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a research report on Thursday, October 12th. BidaskClub upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Bank of America Corporation began coverage on NextEra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $166.00 target price for the company. Finally, Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Tuesday, October 10th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. NextEra Energy currently has a consensus rating of “Buy” and an average price target of $155.38.
Shares of NextEra Energy, Inc. (NYSE:NEE) opened at $156.78 on Tuesday. 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 $72,986.90, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 3.09 and a beta of 0.31. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $157.00.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.08. The business had revenue of $4.81 billion during 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 firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.74 EPS. equities research analysts predict that NextEra Energy, Inc. will post 6.73 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is currently 44.16%.
In other NextEra Energy news, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total transaction of $4,545,600.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $4,467,881.60. Following the completion of the transaction, the executive vice president now directly owns 78,167 shares in the company, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. Insiders have sold a total of 65,385 shares of company stock valued at $9,748,482 in the last three months. 0.53% of the stock is currently owned by corporate insiders.
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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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