Pennsylvania Trust Co increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 14.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 183,857 shares of the utilities provider’s stock after acquiring an additional 22,634 shares during the quarter. NextEra Energy makes up about 1.3% of Pennsylvania Trust Co’s portfolio, making the stock its 15th biggest holding. Pennsylvania Trust Co’s holdings in NextEra Energy were worth $25,764,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in NextEra Energy by 8.9% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 71 shares in the last quarter. Burns J W & Co. Inc. NY acquired a new stake in NextEra Energy during the 2nd quarter worth $204,000. Ruggie Capital Group acquired a new stake in NextEra Energy during the 1st quarter worth $191,000. Oarsman Capital Inc. acquired a new stake in NextEra Energy during the 1st quarter worth $200,000. Finally, Appleton Group LLC acquired a new stake in NextEra Energy during the 1st quarter worth $202,000. 75.67% of the stock is owned by institutional investors.
In related news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total transaction of $4,411,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.53% of the company’s stock.
Several equities research analysts have issued reports on NEE shares. BMO Capital Markets reaffirmed a “buy” rating and set a $156.00 target price (up previously from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. BidaskClub cut shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) started coverage on shares of NextEra Energy in a research note on Monday, July 24th. They set a “buy” rating and a $160.00 target price on the stock. KeyCorp reaffirmed a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a research note on Friday, September 1st. Finally, Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. NextEra Energy currently has an average rating of “Buy” and a consensus target price of $151.15.
NextEra Energy, Inc. (NYSE NEE) traded down 0.82% on Friday, reaching $148.26. 2,949,171 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $148.04 and a 200-day moving average price of $138.61. The company has a market capitalization of $69.57 billion, a PE ratio of 16.98 and a beta of 0.33. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $151.30.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.10. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The company’s revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 EPS. On average, equities research analysts anticipate that NextEra Energy, Inc. will post $6.73 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a yield of 2.65%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.
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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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