Nelson Van Denburg & Campbell Wealth Management Group LLC continued to hold its stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 871 shares of the utilities provider’s stock at the end of the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in NextEra Energy were worth $122,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of NEE. Hanson McClain Inc. lifted its position in NextEra Energy by 6.0% in the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 43 shares during the last quarter. Highstreet Asset Management Inc. bought a new stake in NextEra Energy in the 2nd quarter valued at about $134,000. Pacific Center for Financial Services lifted its position in NextEra Energy by 50.1% in the 2nd quarter. Pacific Center for Financial Services now owns 1,139 shares of the utilities provider’s stock valued at $160,000 after purchasing an additional 380 shares during the last quarter. Manchester Capital Management LLC lifted its position in NextEra Energy by 20.5% in the 2nd quarter. Manchester Capital Management LLC now owns 1,233 shares of the utilities provider’s stock valued at $173,000 after purchasing an additional 210 shares during the last quarter. Finally, First Interstate Bank lifted its position in NextEra Energy by 1.3% in the 2nd quarter. First Interstate Bank now owns 1,259 shares of the utilities provider’s stock valued at $176,000 after purchasing an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 75.23% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE NEE) opened at $158.40 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a fifty-two week low of $112.63 and a fifty-two week high of $158.55. The company has a market cap of $73,748.94, a P/E ratio of 23.50, a P/E/G ratio of 3.12 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the previous year, the firm earned $1.74 EPS. The business’s revenue for the quarter was up .1% on a year-over-year basis. analysts predict that NextEra Energy, Inc. will post 6.73 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a $0.9825 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.48%. NextEra Energy’s payout ratio is currently 44.16%.
In related news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total value of $4,545,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph T. Kelliher sold 2,000 shares of NextEra Energy stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $150.00, for a total transaction of $300,000.00. The disclosure for this sale can be found here. Insiders sold a total of 65,385 shares of company stock worth $9,748,482 over the last quarter. Insiders own 0.53% of the company’s stock.
NEE has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a research report on Tuesday, October 10th. KeyCorp restated a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a research report on Thursday, October 12th. BidaskClub upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of NextEra Energy in a research report on Monday, July 24th. They set a “buy” rating and a $160.00 price target on the stock. Finally, Royal Bank Of Canada restated a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a research report on Tuesday, November 7th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $155.38.
NextEra Energy 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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