Exxonmobil Investment Management Inc. TX cut its position in NextEra Energy, Inc. (NYSE:NEE) by 13.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,887 shares of the utilities provider’s stock after selling 13,947 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in NextEra Energy were worth $12,596,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of NextEra Energy by 8.9% during the first 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 during the last quarter. Ruggie Capital Group bought a new position in shares of NextEra Energy during the first quarter worth about $191,000. Oarsman Capital Inc. bought a new position in shares of NextEra Energy during the first quarter worth about $200,000. CCM Investment Advisers LLC bought a new position in shares of NextEra Energy during the first quarter worth about $200,000. Finally, Appleton Group LLC bought a new position in shares of NextEra Energy during the first quarter worth about $202,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.
A number of brokerages have recently issued reports on NEE. KeyCorp restated a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a research report on Friday, September 1st. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Morgan Stanley raised their price objective on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday. J P Morgan Chase & Co began coverage on NextEra Energy in a research report on Thursday, September 7th. They set an “overweight” rating and a $173.00 price objective for the company. Finally, BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. NextEra Energy currently has a consensus rating of “Buy” and an average target price of $151.15.
NextEra Energy, Inc. (NYSE:NEE) traded down 1.79% during midday trading on Tuesday, reaching $148.69. The company had a trading volume of 843,604 shares. The company has a 50-day moving average price of $148.14 and a 200-day moving average price of $138.83. The stock has a market capitalization of $69.77 billion, a price-to-earnings ratio of 17.03 and a beta of 0.33. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $151.35.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.10. The business had revenue of $4.40 billion during 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%. NextEra Energy’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.67 EPS. On average, equities analysts expect that NextEra Energy, Inc. will post $6.73 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Wednesday, August 23rd. NextEra Energy’s payout ratio is 45.02%.
In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the company’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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.53% of the company’s stock.
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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