Wetherby Asset Management Inc. raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 8.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 6,413 shares of the utilities provider’s stock after buying an additional 473 shares during the period. Wetherby Asset Management Inc.’s holdings in NextEra Energy were worth $823,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of NEE. Venturi Wealth Management LLC increased its stake in NextEra Energy by 1.3% in the third quarter. Venturi Wealth Management LLC now owns 19,827 shares of the utilities provider’s stock valued at $2,425,000 after buying an additional 253 shares during the last quarter. Massmutual Trust Co. FSB ADV acquired a new position in NextEra Energy during the fourth quarter valued at $3,414,000. Wade G W & Inc. boosted its position in NextEra Energy by 0.4% in the third quarter. Wade G W & Inc. now owns 10,539 shares of the utilities provider’s stock valued at $1,289,000 after buying an additional 44 shares during the period. Strategic Financial Services Inc boosted its position in NextEra Energy by 0.5% in the third quarter. Strategic Financial Services Inc now owns 37,569 shares of the utilities provider’s stock valued at $4,595,000 after buying an additional 185 shares during the period. Finally, First Republic Investment Management Inc. boosted its position in NextEra Energy by 1.1% in the fourth quarter. First Republic Investment Management Inc. now owns 208,557 shares of the utilities provider’s stock valued at $24,915,000 after buying an additional 2,302 shares during the period. Hedge funds and other institutional investors own 77.89% of the company’s stock.
NextEra Energy, Inc. (NEE) opened at 142.84 on Friday. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $143.17. The company has a 50-day moving average price of $138.21 and a 200 day moving average price of $128.21. The company has a market cap of $66.87 billion, a PE ratio of 17.38 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, April 21st. The utilities provider reported $1.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.24. NextEra Energy had a return on equity of 11.82% and a net margin of 23.58%. The business had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter last year, the business posted $1.55 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts forecast that NextEra Energy, Inc. will post $6.68 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Tuesday, May 30th were given a dividend of $0.9825 per share. The ex-dividend date was Thursday, May 25th. This represents a $3.93 dividend on an annualized basis and a yield of 2.75%. NextEra Energy’s payout ratio is 47.87%.
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Several equities research analysts recently commented on the company. BidaskClub cut NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. BMO Capital Markets reaffirmed a “buy” rating and set a $135.00 target price on shares of NextEra Energy in a research report on Friday, March 31st. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a report on Monday, April 3rd. Deutsche Bank AG reiterated a “hold” rating and set a $128.00 price target (down from $129.00) on shares of NextEra Energy in a report on Sunday, April 2nd. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $143.00 target price on shares of NextEra Energy in a research note on Tuesday, March 14th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $142.11.
In other news, Director James L. Robo sold 52,320 shares of NextEra Energy stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $136.48, for a total value of $7,140,633.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Joseph T. Kelliher sold 8,068 shares of NextEra Energy stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $130.67, for a total value of $1,054,245.56. Following the completion of the transaction, the executive vice president now owns 38,634 shares in the company, valued at approximately $5,048,304.78. The disclosure for this sale can be found here. Insiders have sold 74,179 shares of company stock worth $10,091,188 in the last 90 days. Company insiders own 0.53% of the company’s stock.
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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