Denver Investment Advisors LLC Maintains Holdings in NextEra Energy, Inc. (NEE)
Denver Investment Advisors LLC maintained its position in NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,300 shares of the utilities provider’s stock at the end of the 2nd quarter. Denver Investment Advisors LLC’s holdings in NextEra Energy were worth $322,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the business. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in NextEra Energy by 8.9% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after acquiring an additional 71 shares in the last quarter. Winslow Evans & Crocker Inc. increased its holdings in shares of NextEra Energy by 12.0% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,395 shares of the utilities provider’s stock valued at $195,000 after acquiring an additional 149 shares during the period. Fruth Investment Management purchased a new position in shares of NextEra Energy in the 2nd quarter valued at $200,000. Burns J W & Co. Inc. NY purchased a new position in shares of NextEra Energy in the 2nd quarter valued at $204,000. Finally, Partnervest Advisory Services LLC bought a new position in shares of NextEra Energy in the 2nd quarter worth $204,000. Institutional investors own 75.41% of the company’s stock.
In related news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John W. Ketchum sold 2,900 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $150.00, for a total transaction of $435,000.00. Following the completion of the sale, the executive vice president now directly owns 18,786 shares of the company’s stock, valued at $2,817,900. The disclosure for this sale can be found here. Insiders have sold a total of 63,385 shares of company stock valued at $9,314,382 in the last 90 days. Insiders own 0.53% of the company’s stock.
NEE has been the subject of several recent research reports. BidaskClub lowered NextEra Energy from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $158.00 price objective (up previously from $150.00) on shares of NextEra Energy in a research report on Monday, June 19th. 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 report on Friday, June 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $147.00 target price (up previously from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on NextEra Energy in a research note on Monday, July 24th. They issued a “buy” rating and a $160.00 target price on the stock. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $151.33.
Shares of NextEra Energy, Inc. (NYSE:NEE) opened at 146.55 on Monday. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $151.60. The stock has a market cap of $68.77 billion, a price-to-earnings ratio of 16.79 and a beta of 0.31. The stock’s 50 day moving average price is $148.97 and its 200-day moving average price is $139.72.
NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.10. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the company earned $1.67 EPS. Equities 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. Stockholders of record on Friday, August 25th were given a dividend of $0.9825 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $3.93 annualized dividend and a dividend yield of 2.68%. NextEra Energy’s dividend payout ratio is presently 45.02%.
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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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