Sicart Associates LLC maintained its stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,000 shares of the utilities provider’s stock at the end of the 2nd quarter. NextEra Energy accounts for about 0.9% of Sicart Associates LLC’s holdings, making the stock its 29th biggest position. Sicart Associates LLC’s holdings in NextEra Energy were worth $1,261,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake 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 purchasing an additional 71 shares during the last quarter. Highstreet Asset Management Inc. purchased a new stake in shares of NextEra Energy in the second quarter worth approximately $134,000. Ruggie Capital Group purchased a new stake in shares of NextEra Energy in the first quarter worth approximately $191,000. Winslow Evans & Crocker Inc. raised its stake in shares of NextEra Energy by 12.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,395 shares of the utilities provider’s stock worth $195,000 after purchasing an additional 149 shares during the last quarter. Finally, Oarsman Capital Inc. purchased a new stake in shares of NextEra Energy in the first quarter worth approximately $200,000. 75.41% of the stock is owned by hedge funds and other institutional investors.
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In other NextEra Energy news, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction on 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 sale, the executive vice president now directly owns 78,167 shares in the company, valued at approximately $11,456,155.52. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction on 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. Over the last 90 days, insiders sold 63,385 shares of company stock valued at $9,314,382. 0.53% of the stock is owned by company insiders.
NextEra Energy, Inc. (NEE) opened at 147.47 on Friday. The company has a market capitalization of $69.20 billion, a price-to-earnings ratio of 16.89 and a beta of 0.31. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $151.60. The stock has a 50 day moving average price of $148.73 and a 200 day moving average price of $141.14.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping 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 company had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the business earned $1.67 EPS. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, analysts expect that NextEra Energy, Inc. will post $6.73 EPS for the current year.
The company also recently disclosed 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 2.66%. NextEra Energy’s payout ratio is currently 45.02%.
Several analysts have recently commented on the company. Morgan Stanley increased their price objective on NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. Wells Fargo & Company reissued an “outperform” rating and issued a $158.00 price objective (up from $150.00) on shares of NextEra Energy in a research note on Monday, June 19th. BidaskClub downgraded NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Royal Bank Of Canada reissued an “outperform” rating and issued a $147.00 price objective (up from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. Finally, J P Morgan Chase & Co assumed coverage on NextEra Energy in a research note on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price objective for the company. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $153.09.
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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