Rikoon Group LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,370 shares of the utilities provider’s stock after buying an additional 150 shares during the period. Rikoon Group LLC’s holdings in NextEra Energy were worth $892,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Hanson McClain Inc. raised its holdings in NextEra Energy by 6.0% during the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 43 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in NextEra Energy by 8.9% during 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 in the last quarter. Highstreet Asset Management Inc. bought a new stake in NextEra Energy during the second quarter worth approximately $134,000. Pacific Center for Financial Services raised its holdings in NextEra Energy by 50.1% during the second quarter. Pacific Center for Financial Services now owns 1,139 shares of the utilities provider’s stock worth $160,000 after purchasing an additional 380 shares in the last quarter. Finally, Manchester Capital Management LLC raised its holdings in NextEra Energy by 20.5% during the second quarter. Manchester Capital Management LLC now owns 1,233 shares of the utilities provider’s stock worth $173,000 after purchasing an additional 210 shares in the last quarter. 75.23% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on the company. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Morgan Stanley lifted their price target on shares of NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a research report on Thursday, August 10th. Royal Bank Of Canada restated a “buy” rating and issued a $156.00 price target on shares of NextEra Energy in a research report on Tuesday, November 7th. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, J P Morgan Chase & Co set a $169.00 price target on shares of NextEra Energy and gave the stock a “hold” rating in a research report on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. NextEra Energy currently has a consensus rating of “Buy” and a consensus price target of $155.38.
In other NextEra Energy news, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total transaction of $4,545,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 30,485 shares of NextEra Energy stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the transaction, the executive vice president now owns 78,167 shares in the company, valued at $11,456,155.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,385 shares of company stock worth $9,748,482. Corporate insiders own 0.53% of the company’s stock.
NextEra Energy, Inc. (NYSE:NEE) opened at $156.04 on Friday. NextEra Energy, Inc. has a 52-week low of $112.63 and a 52-week high of $159.28. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61. The firm has a market cap of $73,990.00, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 3.15 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The firm had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the previous year, the company posted $1.74 EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year. equities analysts anticipate that NextEra Energy, Inc. will post 6.73 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s payout ratio is 44.16%.
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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