BlueCrest Capital Management Ltd Purchases New Stake in NextEra Energy, Inc. (NEE)
BlueCrest Capital Management Ltd purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,968 shares of the utilities provider’s stock, valued at approximately $381,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NEE. Eastern Bank increased its position in NextEra Energy by 1.8% in the first quarter. Eastern Bank now owns 1,981 shares of the utilities provider’s stock valued at $254,000 after buying an additional 35 shares during the last quarter. Starfire Investment Advisers Inc. acquired a new position in NextEra Energy during the first quarter valued at $218,000. Cornerstone Financial Partners LLC increased its position in NextEra Energy by 13.3% in the first quarter. Cornerstone Financial Partners LLC now owns 2,877 shares of the utilities provider’s stock valued at $369,000 after buying an additional 337 shares during the last quarter. Baldwin Brothers Inc. MA increased its position in NextEra Energy by 15.2% in the first quarter. Baldwin Brothers Inc. MA now owns 13,230 shares of the utilities provider’s stock valued at $1,698,000 after buying an additional 1,748 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in NextEra Energy by 1.6% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,597 shares of the utilities provider’s stock valued at $1,617,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 76.72% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE NEE) traded down 0.37% during mid-day trading on Friday, hitting $147.18. 1,271,479 shares of the stock traded hands. The stock has a market cap of $69.06 billion, a price-to-earnings ratio of 16.86 and a beta of 0.32. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $148.30. The firm has a 50 day moving average of $143.37 and a 200 day moving average of $135.07.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) 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 firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the firm posted $1.67 earnings per share. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, equities analysts expect that NextEra Energy, Inc. will post $6.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors 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 yield of 2.67%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.
Several research analysts have weighed in on the stock. Morgan Stanley increased their price target on shares of NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a research report on Thursday. BidaskClub upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday. Goldman Sachs Group, Inc. (The) assumed coverage on shares of NextEra Energy in a research report on Monday, July 24th. They issued a “buy” rating and a $160.00 price target on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $156.00 price target (up from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $158.00 price target (up from $150.00) on shares of NextEra Energy in a research report on Monday, June 19th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $148.64.
In related news, Director Eric E. Silagy sold 8,111 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the sale, the director now directly owns 26,884 shares of the company’s stock, valued at $3,779,352.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James L. Robo sold 30,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total transaction of $4,411,500.00. The disclosure for this sale can be found here. Insiders have sold 90,431 shares of company stock worth $12,692,378 over the last three months. 0.53% of the stock is currently owned by insiders.
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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