Westwood Holdings Group Inc. lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 990,807 shares of the utilities provider’s stock after selling 57,032 shares during the quarter. NextEra Energy accounts for about 1.1% of Westwood Holdings Group Inc.’s investment portfolio, making the stock its 22nd biggest holding. Westwood Holdings Group Inc. owned 0.21% of NextEra Energy worth $138,888,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Fox Run Management L.L.C. bought a new stake in shares of NextEra Energy in the second quarter worth $1,289,000. Almanack Investment Partners LLC. grew its holdings in shares of NextEra Energy by 64.6% in the second quarter. Almanack Investment Partners LLC. now owns 2,163 shares of the utilities provider’s stock worth $303,000 after acquiring an additional 849 shares during the period. Salem Investment Counselors Inc. grew its holdings in shares of NextEra Energy by 12.7% in the first quarter. Salem Investment Counselors Inc. now owns 9,001 shares of the utilities provider’s stock worth $1,154,000 after acquiring an additional 1,012 shares during the period. NGAM Advisors L.P. grew its holdings in shares of NextEra Energy by 8.9% in the second quarter. NGAM Advisors L.P. now owns 63,026 shares of the utilities provider’s stock worth $8,832,000 after acquiring an additional 5,175 shares during the period. Finally, Capital One National Association grew its holdings in shares of NextEra Energy by 30.9% in the second quarter. Capital One National Association now owns 21,617 shares of the utilities provider’s stock worth $3,030,000 after acquiring an additional 5,099 shares during the period. Hedge funds and other institutional investors own 75.23% of the company’s stock.
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In other news, EVP Charles E. Sieving sold 30,485 shares of the company’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $146.56, for a total value 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 $11,456,155.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,385 shares of company stock valued at $9,748,482. Corporate insiders own 0.53% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE NEE) opened at $158.40 on Wednesday. NextEra Energy, Inc. has a fifty-two week low of $112.63 and a fifty-two week high of $158.55. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $73,748.94, a PE ratio of 23.50, a price-to-earnings-growth ratio of 3.12 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.74 earnings per share. equities research analysts expect that NextEra Energy, Inc. will post 6.73 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is 44.16%.
Several analysts recently commented on the company. Goldman Sachs Group, Inc. (The) assumed coverage on NextEra Energy in a report on Monday, July 24th. They issued a “buy” rating and a $160.00 price objective for the company. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a report on Thursday, October 12th. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Bank of America Corporation assumed coverage on NextEra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price objective for the company. Finally, Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a report on Tuesday, October 10th. Three investment 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 target price of $155.38.
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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