NJ State Employees Deferred Compensation Plan held its position in NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the utilities provider’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in NextEra Energy were worth $1,401,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the business. Welch Investments LLC grew its position in NextEra Energy by 3.5% in the second quarter. Welch Investments LLC now owns 32,386 shares of the utilities provider’s stock valued at $4,538,000 after acquiring an additional 1,092 shares during the last quarter. Grove Bank & Trust grew its holdings in shares of NextEra Energy by 7.5% during the second quarter. Grove Bank & Trust now owns 3,599 shares of the utilities provider’s stock worth $504,000 after purchasing an additional 250 shares during the last quarter. Weatherly Asset Management L. P. bought a new stake in shares of NextEra Energy during the second quarter worth about $206,000. Bessemer Group Inc. grew its holdings in shares of NextEra Energy by 4.1% during the second quarter. Bessemer Group Inc. now owns 6,633 shares of the utilities provider’s stock worth $930,000 after purchasing an additional 259 shares during the last quarter. Finally, Lee Danner & Bass Inc. grew its holdings in shares of NextEra Energy by 7.0% during the second quarter. Lee Danner & Bass Inc. now owns 2,711 shares of the utilities provider’s stock worth $380,000 after purchasing an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 75.41% of the company’s stock.
Several analysts have recently weighed in on NEE shares. BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) started coverage on NextEra Energy in a report on Monday, July 24th. They set a “buy” rating and a $160.00 price target on the stock. KeyCorp restated a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a report on Friday, September 1st. BMO Capital Markets restated a “buy” rating and set a $156.00 price target (up from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. Finally, Morgan Stanley boosted their price target on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $151.15.
NextEra Energy, Inc. (NEE) opened at 150.09 on Monday. The firm has a 50-day moving average price of $148.82 and a 200 day moving average price of $139.33. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $151.60. The firm has a market capitalization of $70.43 billion, a price-to-earnings ratio of 17.19 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter last year, the firm earned $1.67 EPS. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, equities research analysts forecast that NextEra Energy, Inc. will post $6.73 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were issued a dividend of $0.9825 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $3.93 annualized dividend and a dividend yield of 2.62%. NextEra Energy’s dividend payout ratio is presently 45.02%.
In other news, Director James L. Robo sold 30,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total transaction of $4,411,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.53% of the company’s stock.
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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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