Adalta Capital Management LLC Sells 25 Shares of NextEra Energy, Inc. (NEE)
Adalta Capital Management LLC lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,685 shares of the utilities provider’s stock after selling 25 shares during the period. Adalta Capital Management LLC’s holdings in NextEra Energy were worth $656,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Day & Ennis LLC raised its stake in shares of NextEra Energy by 0.6% during the 1st quarter. Day & Ennis LLC now owns 2,174 shares of the utilities provider’s stock valued at $279,000 after purchasing an additional 14 shares during the period. Farmers & Merchants Investments Inc. raised its stake in shares of NextEra Energy by 0.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 4,745 shares of the utilities provider’s stock valued at $665,000 after purchasing an additional 15 shares during the period. Whalerock Point Partners LLC raised its stake in shares of NextEra Energy by 0.3% during the 2nd quarter. Whalerock Point Partners LLC now owns 5,598 shares of the utilities provider’s stock valued at $784,000 after purchasing an additional 15 shares during the period. First Interstate Bank raised its stake in shares of NextEra Energy by 1.3% during the 2nd quarter. First Interstate Bank now owns 1,259 shares of the utilities provider’s stock valued at $176,000 after purchasing an additional 16 shares during the period. Finally, Sfmg LLC raised its stake in shares of NextEra Energy by 0.7% during the 2nd quarter. Sfmg LLC now owns 2,679 shares of the utilities provider’s stock valued at $375,000 after purchasing an additional 19 shares during the period. 75.23% of the stock is currently owned by hedge funds and other institutional investors.
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NEE has been the topic of a number of analyst reports. The Goldman Sachs Group, Inc. initiated coverage on NextEra Energy in a research note on Monday, July 24th. They set a “buy” rating and a $160.00 price objective on the stock. BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Morgan Stanley boosted their price objective on NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, KeyCorp reiterated a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a research note on Friday, September 1st. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. NextEra Energy currently has a consensus rating of “Buy” and an average target price of $155.38.
NextEra Energy, Inc. (NYSE NEE) opened at $157.29 on Friday. The firm has a market capitalization of $74,021.77, a PE ratio of 23.59, a price-to-earnings-growth ratio of 3.13 and a beta of 0.31. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a one year low of $112.63 and a one year high of $159.28.
NextEra Energy (NYSE:NEE) last announced 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. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The company’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company earned $1.74 EPS. 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, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 annualized dividend and a dividend yield of 2.50%. NextEra Energy’s dividend payout ratio (DPR) is presently 44.16%.
In other news, EVP John W. Ketchum sold 2,900 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $150.00, for a total transaction of $435,000.00. Following the transaction, the executive vice president now directly owns 18,786 shares in the company, valued at approximately $2,817,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James L. Robo sold 30,000 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total value of $4,545,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 65,385 shares of company stock worth $9,748,482 over the last quarter. Corporate insiders own 0.53% of the company’s stock.
NextEra Energy 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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