Cetera Investment Advisers grew its position in NextEra Energy, Inc. (NYSE:NEE) by 5.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,177 shares of the utilities provider’s stock after purchasing an additional 280 shares during the period. Cetera Investment Advisers’ holdings in NextEra Energy were worth $726,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in NEE. BlackRock Inc. grew its holdings in NextEra Energy by 0.6% during the second quarter. BlackRock Inc. now owns 38,051,440 shares of the utilities provider’s stock worth $5,332,149,000 after acquiring an additional 217,972 shares during the period. Vanguard Group Inc. grew its holdings in NextEra Energy by 4.6% during the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock worth $4,785,120,000 after acquiring an additional 1,503,907 shares during the period. Wellington Management Group LLP grew its holdings in NextEra Energy by 0.8% during the first quarter. Wellington Management Group LLP now owns 19,961,544 shares of the utilities provider’s stock worth $2,562,463,000 after acquiring an additional 167,275 shares during the period. FMR LLC grew its holdings in NextEra Energy by 1.1% during the second quarter. FMR LLC now owns 7,767,929 shares of the utilities provider’s stock worth $1,088,520,000 after acquiring an additional 87,224 shares during the period. Finally, Geode Capital Management LLC grew its holdings in NextEra Energy by 7.9% during the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock worth $586,925,000 after acquiring an additional 336,562 shares during the period. 75.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of NextEra Energy, Inc. (NYSE:NEE) opened at $156.04 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. NextEra Energy, Inc. has a 1-year low of $112.63 and a 1-year high of $159.28. The company has a market capitalization of $73,990.00, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 3.15 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same period last year, the company earned $1.74 earnings per share. NextEra Energy’s quarterly revenue was up .1% compared to the same quarter last year. equities research analysts anticipate that NextEra Energy, Inc. will post 6.73 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a $0.9825 dividend. This represents a $3.93 annualized dividend and a yield of 2.52%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s payout ratio is currently 44.16%.
NEE has been the topic of several analyst reports. KeyCorp reaffirmed a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a report on Friday, September 1st. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Morgan Stanley raised their target price on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. Bank of America Corporation initiated coverage on NextEra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $166.00 target price on the stock. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on NextEra Energy in a report on Monday, July 24th. They set a “buy” rating and a $160.00 target price on the stock. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. NextEra Energy currently has a consensus rating of “Buy” and an average price target of $155.38.
In other news, EVP Joseph T. Kelliher sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Charles E. Sieving sold 30,485 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total value of $4,467,881.60. Following the completion of the transaction, the executive vice president now owns 78,167 shares in the company, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,385 shares of company stock worth $9,748,482. 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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