NextEra Energy Inc. (NEE) Shares Bought by Vanguard Group Inc.
Vanguard Group Inc. raised its stake in NextEra Energy Inc. (NYSE:NEE) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,849,202 shares of the company’s stock after buying an additional 853,186 shares during the period. Vanguard Group Inc. owned about 7.11% of NextEra Energy worth $4,283,536,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Global X Management Co. LLC boosted its stake in NextEra Energy by 242.3% in the second quarter. Global X Management Co. LLC now owns 818 shares of the company’s stock valued at $107,000 after buying an additional 579 shares during the period. Riggs Asset Managment Co. Inc. boosted its stake in NextEra Energy by 378.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 948 shares of the company’s stock valued at $124,000 after buying an additional 750 shares during the period. Jackson Grant Investment Advisers Inc. boosted its stake in NextEra Energy by 7.0% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,080 shares of the company’s stock valued at $141,000 after buying an additional 71 shares during the period. Cribstone Capital Management LLC purchased a new stake in NextEra Energy during the second quarter valued at $149,000. Finally, Vigilant Capital Management LLC boosted its stake in NextEra Energy by 121.9% in the second quarter. Vigilant Capital Management LLC now owns 1,238 shares of the company’s stock valued at $161,000 after buying an additional 680 shares during the period. 74.52% of the stock is owned by hedge funds and other institutional investors.
NextEra Energy Inc. (NYSE:NEE) traded up 0.42% during midday trading on Wednesday, reaching $125.60. The company had a trading volume of 228,548 shares. The company has a 50-day moving average of $124.46 and a 200-day moving average of $122.10. The stock has a market capitalization of $58.02 billion, a PE ratio of 22.48 and a beta of 0.33. 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 quarterly earnings results on Wednesday, July 27th. The company reported $1.67 EPS for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.10. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $4.33 billion. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. The business’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.56 EPS. On average, analysts predict that NextEra Energy Inc. will post $6.20 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, August 30th were paid a $0.87 dividend. The ex-dividend date of this dividend was Friday, August 26th. This represents a $3.48 dividend on an annualized basis and a yield of 2.78%. NextEra Energy’s dividend payout ratio (DPR) is currently 62.59%.
Several research firms have recently weighed in on NEE. Mizuho restated a “buy” rating and set a $138.00 price target on shares of NextEra Energy in a report on Tuesday, August 30th. Morgan Stanley reiterated a “buy” rating on shares of NextEra Energy in a report on Monday, August 1st. Deutsche Bank AG reduced their target price on NextEra Energy from $134.00 to $133.00 and set a “buy” rating on the stock in a report on Thursday, July 28th. BMO Capital Markets reiterated a “buy” rating and issued a $135.00 target price on shares of NextEra Energy in a report on Thursday, July 28th. Finally, Zacks Investment Research cut NextEra Energy from a “hold” rating to a “sell” rating in a report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price 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 stock was 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 approximately C$2,924,310.76. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Treasurer Paul I. Cutler sold 4,796 shares of NextEra Energy stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of C$130.00, for a total value 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. 0.66% of the stock is owned by company insiders.
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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