CCM Investment Advisers LLC Buys New Stake in NextEra Energy, Inc. (NEE)

CCM Investment Advisers LLC bought a new position in NextEra Energy, Inc. (NYSE:NEE) during the first quarter, Holdings Channel reports. The firm bought 8,000 shares of the utilities provider’s stock, valued at approximately $200,000.

Other hedge funds have also recently bought and sold shares of the company. Highland Capital Management LLC raised its stake in NextEra Energy by 6.4% in the first quarter. Highland Capital Management LLC now owns 2,427 shares of the utilities provider’s stock worth $312,000 after buying an additional 145 shares in the last quarter. Regentatlantic Capital LLC raised its stake in NextEra Energy by 0.4% in the first quarter. Regentatlantic Capital LLC now owns 3,468 shares of the utilities provider’s stock worth $445,000 after buying an additional 14 shares in the last quarter. Hays Advisory LLC raised its stake in NextEra Energy by 11.0% in the first quarter. Hays Advisory LLC now owns 1,971 shares of the utilities provider’s stock worth $253,000 after buying an additional 196 shares in the last quarter. Atria Investments LLC raised its stake in NextEra Energy by 1.9% in the first quarter. Atria Investments LLC now owns 7,719 shares of the utilities provider’s stock worth $991,000 after buying an additional 144 shares in the last quarter. Finally, First National Bank & Trust Co. of Newtown raised its stake in NextEra Energy by 9.3% in the first quarter. First National Bank & Trust Co. of Newtown now owns 8,229 shares of the utilities provider’s stock worth $1,056,000 after buying an additional 700 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.

NextEra Energy, Inc. (NYSE NEE) traded up 0.39% during trading on Tuesday, reaching $148.64. 251,026 shares of the company were exchanged. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $148.64. The stock has a market capitalization of $69.75 billion, a P/E ratio of 17.02 and a beta of 0.32. The company’s 50-day moving average price is $143.51 and its 200-day moving average price is $135.51.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.10. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.67 EPS. On average, equities analysts forecast that NextEra Energy, Inc. will post $6.72 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a $0.9825 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a yield of 2.65%. NextEra Energy’s dividend payout ratio (DPR) is 45.02%.

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NEE has been the subject of a number of analyst reports. UBS AG reiterated a “buy” rating and set a $143.00 target price (up from $138.00) on shares of NextEra Energy in a report on Tuesday, April 18th. Barclays PLC reiterated an “overweight” rating and set a $150.00 target price (up from $139.00) on shares of NextEra Energy in a report on Sunday, April 23rd. Royal Bank Of Canada reiterated a “buy” rating and set a $144.00 target price on shares of NextEra Energy in a report on Tuesday, May 2nd. Morgan Stanley increased their target price on shares of NextEra Energy from $161.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday, May 8th. Finally, BidaskClub lowered shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $148.64.

In other NextEra Energy news, Director Eric E. Silagy sold 8,111 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total value of $1,140,244.38. Following the completion of the sale, the director now directly owns 26,884 shares of the company’s stock, valued at approximately $3,779,352.72. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James L. Robo sold 52,320 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $136.48, for a total transaction of $7,140,633.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,431 shares of company stock valued at $12,692,378. 0.53% of the stock is owned by corporate insiders.

NextEra Energy Company Profile

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

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