Aspiriant LLC Has $1.95 Million Position in NextEra Energy, Inc. (NEE)
Aspiriant LLC trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 9.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,902 shares of the utilities provider’s stock after selling 1,487 shares during the period. Aspiriant LLC’s holdings in NextEra Energy were worth $1,948,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of NextEra Energy by 3,384.2% during the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock valued at $4,856,682,000 after buying an additional 36,747,599 shares during the period. Bank of Montreal Can purchased a new stake in shares of NextEra Energy in the second quarter worth about $83,603,000. Swiss National Bank lifted its holdings in shares of NextEra Energy by 26.1% in the first quarter. Swiss National Bank now owns 1,851,224 shares of the utilities provider’s stock worth $237,642,000 after buying an additional 382,800 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of NextEra Energy by 7.9% in the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock valued at $586,925,000 after acquiring an additional 336,562 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of NextEra Energy by 567.0% in the second quarter. SG Americas Securities LLC now owns 369,201 shares of the utilities provider’s stock valued at $51,736,000 after acquiring an additional 313,846 shares during the period. Institutional investors and hedge funds own 75.41% of the company’s stock.
In other news, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total value of $4,467,881.60. Following the transaction, the executive vice president now owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John W. Ketchum sold 2,900 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $150.00, for a total transaction of $435,000.00. Following the completion of the transaction, the executive vice president now directly owns 18,786 shares in the company, valued at approximately $2,817,900. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,385 shares of company stock valued at $9,314,382. Insiders own 0.53% of the company’s stock.
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NextEra Energy, Inc. (NYSE NEE) opened at 146.89 on Wednesday. The company has a 50-day moving average of $148.84 and a 200 day moving average of $140.91. The stock has a market capitalization of $68.93 billion, a price-to-earnings ratio of 16.82 and a beta of 0.31. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $151.60.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the firm earned $1.67 EPS. The firm’s revenue was up 15.4% compared to the same quarter last year. On average, equities research analysts anticipate that NextEra Energy, Inc. will post $6.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were issued a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Wednesday, August 23rd. NextEra Energy’s dividend payout ratio (DPR) is currently 45.02%.
NEE has been the subject of several recent analyst reports. BMO Capital Markets reaffirmed a “buy” rating and set a $156.00 price objective (up previously from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. BidaskClub cut shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) started coverage on shares of NextEra Energy in a research note on Monday, July 24th. They issued a “buy” rating and a $160.00 target price on the stock. KeyCorp reissued a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a report on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $151.33.
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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