Sanders Morris Harris LLC Invests $256,000 in NextEra Energy Inc (NYSE:NEE)

Sanders Morris Harris LLC purchased a new position in shares of NextEra Energy Inc (NYSE:NEE) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 1,067 shares of the utilities provider’s stock, valued at approximately $256,000.

Several other institutional investors have also modified their holdings of the company. Bogart Wealth LLC boosted its stake in shares of NextEra Energy by 5.8% during the 2nd quarter. Bogart Wealth LLC now owns 4,442 shares of the utilities provider’s stock worth $1,067,000 after acquiring an additional 243 shares during the last quarter. Symphony Financial Ltd. Co. boosted its stake in shares of NextEra Energy by 43.7% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 17,603 shares of the utilities provider’s stock worth $4,228,000 after acquiring an additional 5,349 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of NextEra Energy by 30.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 625,905 shares of the utilities provider’s stock worth $150,323,000 after acquiring an additional 147,424 shares during the last quarter. Chesley Taft & Associates LLC boosted its stake in shares of NextEra Energy by 0.5% during the 2nd quarter. Chesley Taft & Associates LLC now owns 30,680 shares of the utilities provider’s stock worth $7,368,000 after acquiring an additional 150 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc boosted its stake in shares of NextEra Energy by 508.8% during the 2nd quarter. Mountain Capital Investment Advisors Inc now owns 8,852 shares of the utilities provider’s stock worth $2,184,000 after acquiring an additional 7,398 shares during the last quarter. Institutional investors and hedge funds own 77.08% of the company’s stock.

In other news, CEO James L. Robo sold 20,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $248.02, for a total value of $4,960,400.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Eric E. Silagy sold 7,389 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $236.13, for a total transaction of $1,744,764.57. Following the completion of the sale, the chief executive officer now owns 42,556 shares in the company, valued at $10,048,748.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 98,357 shares of company stock worth $22,818,449. 0.40% of the stock is currently owned by insiders.

NYSE NEE traded down $2.06 on Thursday, reaching $251.21. The company had a trading volume of 17,927 shares, compared to its average volume of 1,871,780. The company has a quick ratio of 0.61, a current ratio of 0.71 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $120.76 billion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 3.45 and a beta of 0.21. The firm’s 50 day moving average price is $245.69 and its 200 day moving average price is $245.38. NextEra Energy Inc has a 12 month low of $174.80 and a 12 month high of $283.35.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, April 22nd. The utilities provider reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.12. The company had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.88 billion. NextEra Energy had a net margin of 17.77% and a return on equity of 10.38%. NextEra Energy’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.20 EPS. On average, research analysts expect that NextEra Energy Inc will post 9.1 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Tuesday, June 2nd were issued a $1.40 dividend. The ex-dividend date was Monday, June 1st. This represents a $5.60 dividend on an annualized basis and a yield of 2.23%. NextEra Energy’s dividend payout ratio is currently 66.91%.

Several brokerages have recently weighed in on NEE. Morgan Stanley lifted their price target on shares of NextEra Energy from $237.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 17th. Barclays decreased their price objective on shares of NextEra Energy from $269.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 26th. UBS Group decreased their price objective on shares of NextEra Energy from $296.00 to $290.00 and set a “buy” rating on the stock in a research report on Monday, June 22nd. Finally, Credit Suisse Group decreased their price objective on shares of NextEra Energy from $256.00 to $252.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $256.00.

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.

Featured Story: Market Timing

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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.