1,463 Shares in NextEra Energy, Inc. (NEE) Purchased by Warren Averett Asset Management LLC
Warren Averett Asset Management LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,463 shares of the utilities provider’s stock, valued at approximately $205,000.
Other institutional investors also recently modified their holdings of the company. Fox Run Management L.L.C. bought a new stake in NextEra Energy in the 2nd quarter valued at $1,289,000. Wade G W & Inc. boosted its holdings in NextEra Energy by 1.2% in the 1st quarter. Wade G W & Inc. now owns 10,628 shares of the utilities provider’s stock valued at $1,364,000 after purchasing an additional 130 shares during the period. BlackRock Inc. boosted its holdings in NextEra Energy by 3,384.2% in the 1st quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock valued at $4,856,682,000 after purchasing an additional 36,747,599 shares during the period. Edgestream Partners L.P. boosted its holdings in NextEra Energy by 398.2% in the 1st quarter. Edgestream Partners L.P. now owns 34,142 shares of the utilities provider’s stock valued at $4,383,000 after purchasing an additional 27,289 shares during the period. Finally, Moody Lynn & Lieberson LLC boosted its holdings in NextEra Energy by 48.7% in the 1st quarter. Moody Lynn & Lieberson LLC now owns 2,948 shares of the utilities provider’s stock valued at $378,000 after purchasing an additional 965 shares during the period. 75.67% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have weighed in on NEE shares. BidaskClub raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) started coverage on shares of NextEra Energy in a report on Monday, July 24th. They issued a “buy” rating and a $160.00 price target for the company. KeyCorp reissued a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a report on Friday, September 1st. BMO Capital Markets reissued a “buy” rating and issued a $156.00 price target (up from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. Finally, Morgan Stanley increased their price target on shares of NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, September 8th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $151.15.
NextEra Energy, Inc. (NYSE NEE) opened at 149.13 on Wednesday. The stock’s 50 day moving average is $148.24 and its 200-day moving average is $138.92. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $151.60. The company has a market capitalization of $69.98 billion, a P/E ratio of 17.08 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the prior year, the business posted $1.67 earnings per share. NextEra Energy’s revenue was up 15.4% compared to the same quarter last year. On average, equities analysts predict that NextEra Energy, Inc. will post $6.73 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a dividend of $0.9825 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a yield of 2.64%. NextEra Energy’s dividend payout ratio is 45.02%.
In related news, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total transaction of $4,411,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.53% of the company’s stock.
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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