Deprince Race & Zollo Inc. lowered its position in shares of NextEra Energy Inc (NYSE:NEE) by 41.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 61,236 shares of the utilities provider’s stock after selling 43,053 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in NextEra Energy were worth $12,545,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of NEE. Captrust Financial Advisors raised its stake in shares of NextEra Energy by 43.1% during the 2nd quarter. Captrust Financial Advisors now owns 8,786 shares of the utilities provider’s stock valued at $1,800,000 after buying an additional 2,647 shares during the last quarter. Highland Private Wealth Management increased its holdings in NextEra Energy by 12.7% in the 2nd quarter. Highland Private Wealth Management now owns 1,253 shares of the utilities provider’s stock worth $257,000 after acquiring an additional 141 shares during the last quarter. Banco de Sabadell S.A increased its holdings in NextEra Energy by 16.7% in the 2nd quarter. Banco de Sabadell S.A now owns 11,465 shares of the utilities provider’s stock worth $2,348,000 after acquiring an additional 1,638 shares during the last quarter. MML Investors Services LLC increased its holdings in NextEra Energy by 6.4% in the 2nd quarter. MML Investors Services LLC now owns 32,818 shares of the utilities provider’s stock worth $6,723,000 after acquiring an additional 1,969 shares during the last quarter. Finally, Haverford Trust Co. increased its holdings in NextEra Energy by 1.9% in the 2nd quarter. Haverford Trust Co. now owns 15,961 shares of the utilities provider’s stock worth $3,270,000 after acquiring an additional 292 shares during the last quarter. 76.11% of the stock is owned by institutional investors.
Shares of NextEra Energy stock opened at $221.33 on Thursday. NextEra Energy Inc has a 12-month low of $164.25 and a 12-month high of $225.96. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.88. The stock has a market cap of $104.50 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 3.28 and a beta of 0.19. The company has a 50-day moving average of $216.51 and a two-hundred day moving average of $202.03.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.07. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The business had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter in the prior year, the firm earned $2.08 EPS. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. On average, sell-side analysts forecast that NextEra Energy Inc will post 8.36 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 29th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Wednesday, August 28th. NextEra Energy’s payout ratio is 64.94%.
In other news, EVP Charles E. Sieving sold 4,987 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $222.52, for a total value of $1,109,707.24. Following the sale, the executive vice president now directly owns 46,467 shares in the company, valued at $10,339,836.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO James L. Robo sold 44,537 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $216.85, for a total value of $9,657,848.45. The disclosure for this sale can be found here. Insiders sold a total of 98,894 shares of company stock valued at $21,378,595 over the last ninety days. Corporate insiders own 0.48% of the company’s stock.
Several equities research analysts recently weighed in on the company. Wells Fargo & Co set a $240.00 price objective on NextEra Energy and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Bank of America raised their price objective on NextEra Energy from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. KeyCorp assumed coverage on NextEra Energy in a report on Tuesday, June 4th. They set an “overweight” rating and a $225.00 price objective on the stock. UBS Group raised their price objective on NextEra Energy from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, Guggenheim lifted their price target on NextEra Energy from $205.00 to $223.00 and gave the company a “buy” rating in a report on Monday, June 24th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $217.77.
NextEra Energy Company 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.
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