Van Cleef Asset Management Inc bought a new position in shares of NextEra Energy Inc (NYSE:NEE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 996 shares of the utilities provider’s stock, valued at approximately $204,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Krane Funds Advisors LLC acquired a new stake in shares of NextEra Energy during the second quarter worth about $25,000. TRUE Private Wealth Advisors acquired a new stake in NextEra Energy in the second quarter valued at about $25,000. Manchester Financial Inc. acquired a new stake in NextEra Energy in the second quarter valued at about $26,000. Legacy Advisors LLC lifted its position in NextEra Energy by 1,000.0% in the second quarter. Legacy Advisors LLC now owns 165 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 150 shares during the period. Finally, Mizuho Securities Co. Ltd. acquired a new stake in NextEra Energy in the second quarter valued at about $41,000. Institutional investors and hedge funds own 76.11% of the company’s stock.
Shares of NEE stock traded down $2.34 during midday trading on Friday, reaching $218.40. 108,741 shares of the company traded hands, compared to its average volume of 2,280,760. The firm’s 50 day simple moving average is $216.51 and its two-hundred day simple moving average is $202.03. NextEra Energy Inc has a 1-year low of $164.25 and a 1-year high of $225.96. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.42. The firm has a market cap of $105.76 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 3.25 and a beta of 0.19.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.07. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The company had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same period last year, the firm earned $2.08 EPS. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. As a group, research analysts anticipate that NextEra Energy Inc will post 8.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 29th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.29%. NextEra Energy’s payout ratio is 64.94%.
In other news, Treasurer Paul I. Cutler sold 23,750 shares of NextEra Energy stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $223.59, for a total transaction of $5,310,262.50. Following the completion of the sale, the treasurer now directly owns 93,462 shares in the company, valued at approximately $20,897,168.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $202.90, for a total transaction of $324,640.00. Following the sale, the director now owns 18,315 shares of the company’s stock, valued at $3,716,113.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 98,894 shares of company stock valued at $21,378,595. Insiders own 0.48% of the company’s stock.
A number of equities research analysts recently commented on NEE shares. UBS Group raised their price objective on shares of NextEra Energy from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, September 6th. KeyCorp started coverage on shares of NextEra Energy in a research report on Tuesday, June 4th. They issued an “overweight” rating and a $225.00 price objective for the company. Wells Fargo & Co set a $240.00 price objective on shares of NextEra Energy and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Guggenheim raised their price objective on shares of NextEra Energy from $205.00 to $223.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Finally, Bank of America raised their price objective on shares of NextEra Energy from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. NextEra Energy has an average rating of “Buy” and a consensus target price of $217.77.
NextEra Energy Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.