Cohen Klingenstein LLC maintained its position in shares of NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,600 shares of the utilities provider’s stock at the end of the second quarter. Cohen Klingenstein LLC’s holdings in NextEra Energy were worth $645,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of NextEra Energy by 8.9% in the first 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. Pacific Center for Financial Services bought a new position in shares of NextEra Energy during the fourth quarter worth approximately $136,000. Pinnacle Bank bought a new position in shares of NextEra Energy during the first quarter worth approximately $161,000. Norway Savings Bank raised its position in shares of NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock worth $172,000 after buying an additional 18 shares in the last quarter. Finally, Baystate Wealth Management LLC raised its position in shares of NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock worth $174,000 after buying an additional 441 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.
Shares of NextEra Energy, Inc. (NEE) opened at 141.80 on Thursday. The firm has a 50-day moving average price of $141.27 and a 200-day moving average price of $132.10. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $144.87. The firm has a market cap of $66.39 billion, a price-to-earnings ratio of 17.25 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, April 21st. The utilities provider reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.24. The firm had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.99 billion. NextEra Energy had a return on equity of 11.82% and a net margin of 23.58%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.55 earnings per share. Equities research analysts anticipate that NextEra Energy, Inc. will post $6.70 EPS for the current year.
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NEE has been the topic of a number of analyst reports. BMO Capital Markets reissued a “buy” rating and set a $156.00 price objective (up previously from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. Royal Bank Of Canada reissued a “buy” rating and set a $144.00 price objective on shares of NextEra Energy in a report on Tuesday, May 2nd. BidaskClub lowered NextEra Energy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. UBS AG reissued a “buy” rating and set a $143.00 price objective (up previously from $138.00) on shares of NextEra Energy in a report on Tuesday, April 18th. Finally, Deutsche Bank AG increased their price objective on NextEra Energy from $128.00 to $132.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $147.00.
In other NextEra Energy news, Director James L. Robo sold 52,320 shares of the company’s stock in a transaction that occurred on 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 document filed with the SEC, which is accessible through this link. Also, CEO Armando Pimentel, Jr. sold 5,680 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $133.11, for a total value of $756,064.80. Following the completion of the sale, the chief executive officer now owns 79,586 shares in the company, valued at approximately $10,593,692.46. The disclosure for this sale can be found here. Insiders sold 66,111 shares of company stock worth $9,036,943 in the last 90 days. Corporate insiders own 0.53% of the company’s stock.
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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