Bath Savings Trust Co Increases Position in NextEra Energy, Inc. (NEE)
Bath Savings Trust Co increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,431 shares of the utilities provider’s stock after buying an additional 3,865 shares during the period. NextEra Energy accounts for about 1.6% of Bath Savings Trust Co’s holdings, making the stock its 22nd largest position. Bath Savings Trust Co’s holdings in NextEra Energy were worth $5,945,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in NEE. BlackRock Inc. boosted its position in shares of NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after buying an additional 36,747,599 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of NextEra Energy by 0.8% in the first quarter. Wellington Management Group LLP now owns 19,961,544 shares of the utilities provider’s stock worth $2,562,463,000 after buying an additional 167,275 shares in the last quarter. FMR LLC boosted its position in shares of NextEra Energy by 0.4% in the first quarter. FMR LLC now owns 7,680,705 shares of the utilities provider’s stock worth $985,973,000 after buying an additional 30,135 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 worth $586,925,000 after buying an additional 336,562 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of NextEra Energy by 11.3% in the first quarter. Alliancebernstein L.P. now owns 3,067,768 shares of the utilities provider’s stock worth $393,809,000 after buying an additional 310,903 shares in the last quarter. Institutional investors and hedge funds own 75.64% of the company’s stock.
NextEra Energy, Inc. (NYSE:NEE) traded down 0.23% on Friday, hitting $150.16. 1,071,762 shares of the stock were exchanged. The company has a 50-day moving average price of $147.07 and a 200 day moving average price of $137.95. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $151.30. The company has a market capitalization of $70.46 billion, a PE ratio of 17.20 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the firm posted $1.67 EPS. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. Analysts anticipate that NextEra Energy, Inc. will post $6.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.
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NEE has been the subject of a number of analyst reports. BidaskClub cut shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. BMO Capital Markets restated a “buy” rating and set a $156.00 price target (up previously from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. Goldman Sachs Group, Inc. (The) initiated coverage on shares of NextEra Energy in a research note on Monday, July 24th. They set a “buy” rating and a $160.00 price target for the company. KeyCorp restated a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a research note on Friday. Finally, Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $149.17.
In other news, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total transaction of $4,411,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.53% of the company’s stock.
About NextEra Energy
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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