Cookson Peirce & Co. Inc. bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 70,000 shares of the utilities provider’s stock, valued at approximately $9,809,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new position in NextEra Energy during the 2nd quarter worth $1,289,000. Almanack Investment Partners LLC. grew its stake in NextEra Energy by 64.6% during the 2nd quarter. Almanack Investment Partners LLC. now owns 2,163 shares of the utilities provider’s stock worth $303,000 after purchasing an additional 849 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in NextEra Energy by 12.7% during the 1st quarter. Salem Investment Counselors Inc. now owns 9,001 shares of the utilities provider’s stock worth $1,154,000 after purchasing an additional 1,012 shares in the last quarter. NGAM Advisors L.P. grew its stake in NextEra Energy by 8.9% during the 2nd quarter. NGAM Advisors L.P. now owns 63,026 shares of the utilities provider’s stock worth $8,832,000 after purchasing an additional 5,175 shares in the last quarter. Finally, Capital One National Association grew its stake in NextEra Energy by 30.9% during the 2nd quarter. Capital One National Association now owns 21,617 shares of the utilities provider’s stock worth $3,030,000 after purchasing an additional 5,099 shares in the last quarter. 75.23% of the stock is owned by hedge funds and other institutional investors.
NEE has been the subject of several analyst reports. Goldman Sachs Group, Inc. (The) initiated coverage on NextEra Energy in a research note on Monday, July 24th. They set a “buy” rating and a $160.00 target price for the company. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Morgan Stanley boosted their target price on NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, KeyCorp reissued a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a research note on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. NextEra Energy currently has an average rating of “Buy” and a consensus target price of $155.38.
In other news, EVP Joseph T. Kelliher sold 2,000 shares of the business’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total value 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 valued at $9,748,482 over the last three months. Company insiders own 0.53% of the company’s stock.
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Shares of NextEra Energy, Inc. (NEE) opened at $156.04 on Friday. The stock has a market capitalization of $73,990.00, a PE ratio of 23.75, a price-to-earnings-growth ratio of 3.15 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, Inc. has a fifty-two week low of $112.63 and a fifty-two week high of $159.28.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results 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 company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. NextEra Energy’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the business earned $1.74 EPS. sell-side analysts predict that NextEra Energy, Inc. will post 6.73 earnings per share for the current fiscal year.
The company 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. This represents a $3.93 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s payout ratio is currently 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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