NEXT Financial Group Inc trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 4.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,697 shares of the utilities provider’s stock after selling 87 shares during the period. NEXT Financial Group Inc’s holdings in NextEra Energy were worth $238,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Union Bankshares Corp lifted its position in NextEra Energy by 2.3% in the second quarter. Union Bankshares Corp now owns 4,525 shares of the utilities provider’s stock worth $634,000 after purchasing an additional 100 shares during the period. Pennsylvania Trust Co lifted its position in NextEra Energy by 14.0% in the second quarter. Pennsylvania Trust Co now owns 183,857 shares of the utilities provider’s stock worth $25,764,000 after purchasing an additional 22,634 shares during the period. Hays Advisory LLC lifted its position in NextEra Energy by 5.3% in the second quarter. Hays Advisory LLC now owns 2,075 shares of the utilities provider’s stock worth $291,000 after purchasing an additional 104 shares during the period. GW&K Investment Management LLC lifted its position in NextEra Energy by 22.5% in the second quarter. GW&K Investment Management LLC now owns 345,726 shares of the utilities provider’s stock worth $48,447,000 after purchasing an additional 63,530 shares during the period. Finally, M. Kraus & Co lifted its position in NextEra Energy by 4.7% in the second quarter. M. Kraus & Co now owns 35,026 shares of the utilities provider’s stock worth $4,908,000 after purchasing an additional 1,568 shares during the period. Hedge funds and other institutional investors own 75.67% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE NEE) traded up 1.986% during mid-day trading on Monday, reaching $151.205. 790,899 shares of the company’s stock traded hands. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $151.30. The firm has a market cap of $70.95 billion, a price-to-earnings ratio of 17.318 and a beta of 0.33. The company’s 50 day moving average is $148.14 and its 200-day moving average is $138.76.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the firm posted $1.67 EPS. The company’s quarterly revenue was up 15.4% on a year-over-year basis. Equities analysts expect that NextEra Energy, Inc. will post $6.73 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.
Several research analysts have issued reports on the company. Goldman Sachs Group, Inc. (The) assumed coverage on NextEra Energy in a report on Monday, July 24th. They issued a “buy” rating and a $160.00 price target on the stock. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a report on Friday, September 1st. BMO Capital Markets reaffirmed a “buy” rating and issued a $156.00 price target (up previously from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. BidaskClub cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $158.00 price target (up previously from $150.00) on shares of NextEra Energy in a report on Monday, June 19th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $151.15.
In other news, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.
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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