Beese Fulmer Investment Management Inc. lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,186 shares of the utilities provider’s stock after selling 13 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in NextEra Energy were worth $306,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Fox Run Management L.L.C. purchased a new stake in NextEra Energy during the 2nd quarter valued at about $1,289,000. Wade G W & Inc. grew its stake in NextEra Energy by 1.2% during the 1st quarter. Wade G W & Inc. now owns 10,628 shares of the utilities provider’s stock valued at $1,364,000 after acquiring an additional 130 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 valued at $1,154,000 after acquiring an additional 1,012 shares in the last quarter. BlackRock Inc. grew its stake in NextEra Energy by 3,384.2% during the 1st quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock valued at $4,856,682,000 after acquiring an additional 36,747,599 shares in the last quarter. Finally, Edgestream Partners L.P. grew its stake in NextEra Energy by 398.2% during the 1st quarter. Edgestream Partners L.P. now owns 34,142 shares of the utilities provider’s stock valued at $4,383,000 after acquiring an additional 27,289 shares in the last quarter. 75.67% of the stock is owned by institutional investors.
In related news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is currently owned by insiders.
Several analysts recently issued reports on NEE shares. BMO Capital Markets reaffirmed a “buy” rating and set a $156.00 price objective (up previously from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. BidaskClub cut shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) started coverage on shares of NextEra Energy in a research note on Monday, July 24th. They set a “buy” rating and a $160.00 price objective for the company. KeyCorp reaffirmed a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a research note on Friday, September 1st. Finally, Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $151.15.
NextEra Energy, Inc. (NYSE NEE) traded up 0.36% during trading on Friday, reaching $150.09. 2,266,371 shares of the company’s stock traded hands. The firm has a 50 day moving average of $148.82 and a 200 day moving average of $139.33. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $151.60. The firm has a market capitalization of $70.43 billion, a PE ratio of 17.19 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the firm earned $1.67 earnings per share. NextEra Energy’s revenue was up 15.4% compared to the same quarter last year. Equities analysts forecast that NextEra Energy, Inc. will post $6.73 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were issued a $0.9825 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a yield of 2.62%. NextEra Energy’s payout ratio is 45.02%.
NextEra Energy 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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