Parkside Investments LLC increased its position in NextEra Energy Inc (NYSE:NEE) by 1.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,455 shares of the utilities provider’s stock after buying an additional 385 shares during the quarter. NextEra Energy accounts for approximately 1.3% of Parkside Investments LLC’s investment portfolio, making the stock its 27th largest position. Parkside Investments LLC’s holdings in NextEra Energy were worth $5,010,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in NEE. First Manhattan Co. increased its position in NextEra Energy by 2.1% during the 1st quarter. First Manhattan Co. now owns 4,510 shares of the utilities provider’s stock valued at $872,000 after purchasing an additional 93 shares during the period. Atlantic Trust LLC boosted its holdings in shares of NextEra Energy by 9.8% during the 2nd quarter. Atlantic Trust LLC now owns 12,572 shares of the utilities provider’s stock worth $2,576,000 after buying an additional 1,123 shares in the last quarter. Great Lakes Advisors LLC boosted its holdings in shares of NextEra Energy by 18.4% during the 1st quarter. Great Lakes Advisors LLC now owns 10,653 shares of the utilities provider’s stock worth $2,059,000 after buying an additional 1,652 shares in the last quarter. Pictet Asset Management Ltd. boosted its holdings in shares of NextEra Energy by 23.6% during the 1st quarter. Pictet Asset Management Ltd. now owns 2,021,758 shares of the utilities provider’s stock worth $390,846,000 after buying an additional 385,763 shares in the last quarter. Finally, Wetherby Asset Management Inc. lifted its holdings in shares of NextEra Energy by 14.4% in the 1st quarter. Wetherby Asset Management Inc. now owns 9,052 shares of the utilities provider’s stock worth $1,750,000 after purchasing an additional 1,142 shares in the last quarter. 75.76% of the stock is owned by institutional investors.
In other news, EVP Charles E. Sieving sold 16,446 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.08, for a total transaction of $3,290,515.68. Following the completion of the sale, the executive vice president now directly owns 67,900 shares of the company’s stock, valued at approximately $13,585,432. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James L. Robo sold 15,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $204.86, for a total value of $3,072,900.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,324 shares of company stock valued at $20,603,284. Insiders own 0.48% of the company’s stock.
NYSE:NEE traded up $0.28 during trading hours on Friday, hitting $217.43. 1,200,548 shares of the company traded hands, compared to its average volume of 1,597,925. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. The firm’s 50-day simple moving average is $209.90 and its 200-day simple moving average is $197.19. NextEra Energy Inc has a one year low of $164.25 and a one year high of $217.98. The company has a market cap of $103.30 billion, a PE ratio of 28.24, a PEG ratio of 3.21 and a beta of 0.22.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.07. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The business had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same period last year, the business earned $2.08 EPS. The business’s revenue was up 22.3% on a year-over-year basis. As a group, equities research analysts expect that NextEra Energy Inc will post 8.38 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 29th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Wednesday, August 28th. NextEra Energy’s dividend payout ratio is presently 64.94%.
About NextEra Energy
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
Further Reading: CD Ladder
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.