Dana Investment Advisors Inc. Reduces Holdings in NextEra Energy, Inc. (NEE)
Dana Investment Advisors Inc. reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,604 shares of the utilities provider’s stock after selling 234 shares during the period. Dana Investment Advisors Inc.’s holdings in NextEra Energy were worth $1,766,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Hanson McClain Inc. increased its position in NextEra Energy by 6.0% in the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 43 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in NextEra Energy by 8.9% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 71 shares during the last quarter. Highstreet Asset Management Inc. acquired a new position in NextEra Energy in the 2nd quarter worth about $134,000. Pacific Center for Financial Services increased its position in NextEra Energy by 50.1% in the 2nd quarter. Pacific Center for Financial Services now owns 1,139 shares of the utilities provider’s stock worth $160,000 after purchasing an additional 380 shares during the last quarter. Finally, Manchester Capital Management LLC increased its position in NextEra Energy by 20.5% in the 2nd quarter. Manchester Capital Management LLC now owns 1,233 shares of the utilities provider’s stock worth $173,000 after purchasing an additional 210 shares during the last quarter. 75.19% of the stock is currently owned by institutional investors.
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Shares of NextEra Energy, Inc. (NYSE:NEE) opened at $155.16 on Friday. The stock has a market capitalization of $72,986.95, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 3.09 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 fifty-two week low of $110.49 and a fifty-two week high of $156.80.
NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ 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 quarter last year, the firm posted $1.74 EPS. equities research analysts forecast that NextEra Energy, Inc. will post 6.73 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 44.16%.
In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Joseph T. Kelliher sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. The disclosure for this sale can be found here. Insiders sold a total of 65,385 shares of company stock worth $9,748,482 in the last ninety days. Insiders own 0.53% of the company’s stock.
NEE has been the topic of several research reports. Goldman Sachs Group, Inc. (The) initiated coverage on NextEra Energy in a research report on Monday, July 24th. They issued a “buy” rating and a $160.00 target price on the stock. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Morgan Stanley increased their price objective on NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, KeyCorp reissued a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a report on Friday, September 1st. Three analysts have rated the stock with a hold rating and eleven have issued 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.
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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