Montag A & Associates Inc. lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,062 shares of the utilities provider’s stock after acquiring an additional 6 shares during the period. Montag A & Associates Inc.’s holdings in NextEra Energy were worth $1,830,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of NEE. BlackRock Inc. boosted its holdings in shares of NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after acquiring an additional 36,747,599 shares during the period. Bank of Montreal Can bought a new position in shares of NextEra Energy in the second quarter worth $83,603,000. Swiss National Bank boosted its holdings in shares of NextEra Energy by 26.1% in the first quarter. Swiss National Bank now owns 1,851,224 shares of the utilities provider’s stock worth $237,642,000 after acquiring an additional 382,800 shares during the period. Geode Capital Management LLC boosted its holdings in shares of NextEra Energy by 7.9% in the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock worth $586,925,000 after acquiring an additional 336,562 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of NextEra Energy by 567.0% in the second quarter. SG Americas Securities LLC now owns 369,201 shares of the utilities provider’s stock worth $51,736,000 after acquiring an additional 313,846 shares during the period. 75.41% of the stock is owned by hedge funds and other institutional investors.
Shares of NextEra Energy, Inc. (NEE) opened at 147.47 on Friday. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $151.60. The company’s 50-day moving average price is $148.73 and its 200 day moving average price is $141.14. The company has a market cap of $69.20 billion, a price-to-earnings ratio of 16.89 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.10. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. NextEra Energy’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.67 EPS. On average, 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 was paid on Friday, September 15th. Investors of record on Friday, August 25th were issued a $0.9825 dividend. This represents a $3.93 annualized dividend and a yield of 2.66%. The ex-dividend date was Wednesday, August 23rd. NextEra Energy’s dividend payout ratio is currently 45.02%.
A number of equities analysts have recently commented on NEE shares. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a report on Friday, September 1st. Morgan Stanley raised 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. BMO Capital Markets reaffirmed a “buy” rating and issued a $156.00 price target (up from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. BidaskClub lowered NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, J P Morgan Chase & Co started coverage on NextEra Energy in a report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $153.09.
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In other NextEra Energy news, EVP Charles E. Sieving sold 30,485 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the completion of the transaction, the executive vice president now owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James L. Robo sold 30,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total transaction of $4,411,500.00. The disclosure for this sale can be found here. Insiders sold a total of 63,385 shares of company stock valued at $9,314,382 in the last ninety days. 0.53% of the stock is currently owned by insiders.
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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