Blackstart Capital LP Takes Position in NextEra Energy, Inc. (NEE)
Blackstart Capital LP bought a new position in NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 34,560 shares of the utilities provider’s stock, valued at approximately $4,839,000. NextEra Energy makes up about 1.9% of Blackstart Capital LP’s portfolio, making the stock its 24th largest holding.
Other institutional investors have also recently added to or reduced their stakes in the company. HL Financial Services LLC grew its position in NextEra Energy by 1.1% during the first quarter. HL Financial Services LLC now owns 46,331 shares of the utilities provider’s stock valued at $5,948,000 after purchasing an additional 515 shares in the last quarter. Assetmark Inc. grew its position in NextEra Energy by 3.7% during the first quarter. Assetmark Inc. now owns 1,817 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 65 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in NextEra Energy by 2.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,055,426 shares of the utilities provider’s stock valued at $135,485,000 after purchasing an additional 21,643 shares in the last quarter. Trexquant Investment LP purchased a new position in NextEra Energy during the first quarter valued at approximately $616,000. Finally, Carret Asset Management LLC grew its position in NextEra Energy by 4.4% during the first quarter. Carret Asset Management LLC now owns 4,767 shares of the utilities provider’s stock valued at $612,000 after purchasing an additional 200 shares in the last quarter. 75.30% of the stock is currently owned by institutional investors and hedge funds.
Shares of NextEra Energy, Inc. (NYSE NEE) opened at $152.65 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $156.80. The firm has a market cap of $71,806.25, a price-to-earnings ratio of 22.89, a PEG ratio of 3.04 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The business had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the previous year, the company earned $1.74 earnings per share. NextEra Energy’s revenue for the quarter was up .1% on a year-over-year basis. research analysts anticipate that NextEra Energy, Inc. will post 6.73 EPS 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 paid a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s payout ratio is 44.16%.
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 completion of the sale, the executive vice president now directly owns 78,167 shares in the company, valued at $11,456,155.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph T. Kelliher sold 2,000 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $150.00, for a total transaction of $300,000.00. The disclosure for this sale can be found here. Insiders sold 65,385 shares of company stock valued at $9,748,482 over the last 90 days. 0.53% of the stock is owned by corporate insiders.
A number of brokerages recently commented on NEE. BidaskClub raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Morgan Stanley boosted their price objective on shares of NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. Royal Bank Of Canada reissued an “outperform” rating and issued a $147.00 target price (up from $144.00) on shares of NextEra Energy in a research report on Sunday, July 9th. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, Bank of America Corporation initiated coverage on shares of NextEra Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 target price for the company. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $154.69.
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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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