NextEra Energy Inc. (NEE) Position Raised by BlackRock Advisors LLC
BlackRock Advisors LLC boosted its position in shares of NextEra Energy Inc. (NYSE:NEE) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,064,648 shares of the company’s stock after buying an additional 11,296 shares during the period. BlackRock Advisors LLC owned 0.88% of NextEra Energy worth $530,030,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cornerstone Advisors Inc. boosted its position in shares of NextEra Energy by 0.4% in the second quarter. Cornerstone Advisors Inc. now owns 1,627 shares of the company’s stock worth $212,000 after buying an additional 7 shares during the period. MCF Advisors LLC boosted its position in shares of NextEra Energy by 0.7% in the first quarter. MCF Advisors LLC now owns 1,817 shares of the company’s stock worth $215,000 after buying an additional 12 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of NextEra Energy by 0.7% in the second quarter. Sequoia Financial Advisors LLC now owns 3,013 shares of the company’s stock worth $393,000 after buying an additional 20 shares during the period. Beacon Investment Advisory Services Inc. boosted its position in shares of NextEra Energy by 0.5% in the second quarter. Beacon Investment Advisory Services Inc. now owns 4,162 shares of the company’s stock worth $543,000 after buying an additional 22 shares during the period. Finally, Cohen Lawrence B boosted its position in shares of NextEra Energy by 0.8% in the second quarter. Cohen Lawrence B now owns 3,002 shares of the company’s stock worth $391,000 after buying an additional 25 shares during the period. 74.52% of the stock is owned by institutional investors.
NextEra Energy Inc. (NYSE:NEE) opened at 127.84 on Thursday. The firm has a market cap of $59.06 billion, a price-to-earnings ratio of 22.88 and a beta of 0.33. The company’s 50 day moving average is $124.47 and its 200 day moving average is $122.14. NextEra Energy Inc. has a 12-month low of $95.84 and a 12-month high of $131.98.
NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 27th. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.57 by $0.10. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $4.33 billion. NextEra Energy had a net margin of 15.36% and a return on equity of 11.82%. The business’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period last year, the company posted $1.56 EPS. On average, equities analysts anticipate that NextEra Energy Inc. will post $6.20 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, August 30th were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Friday, August 26th. This represents a $3.48 annualized dividend and a yield of 2.72%. NextEra Energy’s dividend payout ratio (DPR) is currently 62.59%.
A number of research analysts have recently weighed in on the stock. Mizuho raised their price objective on shares of NextEra Energy from $125.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, July 18th. Zacks Investment Research cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Friday, July 22nd. BMO Capital Markets reissued a “buy” rating and set a $135.00 price objective on shares of NextEra Energy in a research note on Thursday, July 28th. Morgan Stanley assumed coverage on shares of NextEra Energy in a research note on Wednesday, June 29th. They set a “hold” rating and a $146.00 price objective for the company. Finally, Deutsche Bank AG reissued a “buy” rating and set a $123.00 price objective on shares of NextEra Energy in a research note on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. NextEra Energy currently has a consensus rating of “Buy” and a consensus price target of C$129.07.
In other news, VP Chris N. Froggatt sold 16,467 shares of NextEra Energy stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of C$127.61, for a total value of C$2,101,353.87. Following the sale, the vice president now directly owns 22,916 shares in the company, valued at C$2,924,310.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Paul I. Cutler sold 4,796 shares of NextEra Energy stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of C$130.00, for a total transaction of C$623,480.00. Following the completion of the sale, the treasurer now owns 69,977 shares in the company, valued at C$9,097,010. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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