Greenleaf Trust reduced its position in NextEra Energy Inc (NYSE:NEE) by 16.9% during the first quarter, Holdings Channel reports. The fund owned 77,683 shares of the utilities provider’s stock after selling 15,803 shares during the period. NextEra Energy accounts for approximately 0.2% of Greenleaf Trust’s holdings, making the stock its 22nd largest position. Greenleaf Trust’s holdings in NextEra Energy were worth $9,972,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Quantitative Investment Management LLC boosted its stake in shares of NextEra Energy by 45.9% in the third quarter. Quantitative Investment Management LLC now owns 84,200 shares of the utilities provider’s stock worth $10,299,000 after buying an additional 26,500 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its stake in NextEra Energy by 0.4% in the third quarter. Beacon Investment Advisory Services Inc. now owns 4,180 shares of the utilities provider’s stock valued at $511,000 after buying an additional 18 shares in the last quarter. Investment Partners Ltd. OH ADV acquired a new stake in NextEra Energy during the third quarter valued at about $653,000. Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in NextEra Energy during the third quarter valued at about $1,286,000. Finally, Penobscot Investment Management Company Inc. boosted its stake in NextEra Energy by 1.6% in the third quarter. Penobscot Investment Management Company Inc. now owns 50,680 shares of the utilities provider’s stock valued at $6,199,000 after buying an additional 780 shares in the last quarter. Institutional investors and hedge funds own 73.69% of the company’s stock.
NextEra Energy Inc (NYSE:NEE) opened at 140.71 on Friday. NextEra Energy Inc has a 52 week low of $110.49 and a 52 week high of $141.06. The company’s 50-day moving average price is $134.19 and its 200-day moving average price is $125.58. The company has a market capitalization of $65.88 billion, a price-to-earnings ratio of 17.12 and a beta of 0.23.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, April 21st. The utilities provider reported $1.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.24. NextEra Energy had a return on equity of 11.74% and a net margin of 17.92%. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same period in the previous year, the business earned $1.55 EPS. NextEra Energy’s quarterly revenue was up 3.6% on a year-over-year basis. Equities analysts forecast that NextEra Energy Inc will post $6.68 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Tuesday, May 30th will be paid a dividend of $0.9825 per share. The ex-dividend date is Thursday, May 25th. This represents a $3.93 annualized dividend and a yield of 2.79%. NextEra Energy’s dividend payout ratio (DPR) is currently 56.04%.
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Several analysts recently issued reports on the company. BMO Capital Markets reiterated a “buy” rating and set a $135.00 target price on shares of NextEra Energy in a research report on Friday, March 31st. Barclays PLC reiterated a “buy” rating and set a $139.00 target price on shares of NextEra Energy in a research report on Sunday, February 19th. Deutsche Bank AG reiterated a “hold” rating and set a $128.00 target price (down previously from $129.00) on shares of NextEra Energy in a research report on Sunday, April 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $143.00 target price on shares of NextEra Energy in a research report on Tuesday, March 14th. Finally, Morgan Stanley increased their target price on NextEra Energy from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, May 8th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $141.30.
In other NextEra Energy news, Director James L. Robo sold 52,320 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $136.48, for a total transaction of $7,140,633.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph T. Kelliher sold 8,068 shares of the business’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $130.67, for a total value of $1,054,245.56. Following the transaction, the executive vice president now owns 38,634 shares in the company, valued at $5,048,304.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 94,200 shares of company stock valued at $12,633,902. 0.66% of the stock is owned by company insiders.
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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