Everence Capital Management Inc. Has $1,721,000 Holdings in NextEra Energy, Inc. (NEE)
Everence Capital Management Inc. maintained its stake in NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,285 shares of the utilities provider’s stock at the close of the second quarter. Everence Capital Management Inc.’s holdings in NextEra Energy were worth $1,721,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in NEE. BlackRock Inc. raised its stake in NextEra Energy by 3,384.2% during the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock valued at $4,856,682,000 after buying an additional 36,747,599 shares during the last quarter. Bank of Montreal Can purchased a new position in NextEra Energy during the second quarter valued at $83,603,000. Swiss National Bank raised its stake in NextEra Energy by 26.1% during the first quarter. Swiss National Bank now owns 1,851,224 shares of the utilities provider’s stock valued at $237,642,000 after buying an additional 382,800 shares during the last quarter. Geode Capital Management LLC raised its stake in NextEra Energy by 7.9% during the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock valued at $586,925,000 after buying an additional 336,562 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in NextEra Energy by 567.0% during the second quarter. SG Americas Securities LLC now owns 369,201 shares of the utilities provider’s stock valued at $51,736,000 after buying an additional 313,846 shares during the last quarter. Institutional investors and hedge funds own 75.41% of the company’s stock.
A number of research analysts have issued reports on the company. KeyCorp reiterated a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a research note on Friday, September 1st. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Morgan Stanley lifted their price objective on NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, September 8th. J P Morgan Chase & Co assumed coverage on NextEra Energy in a research note on Thursday, September 7th. They set an “overweight” rating and a $173.00 price objective for the company. Finally, BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $153.09.
In other NextEra Energy news, EVP John W. Ketchum sold 2,900 shares of NextEra Energy stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $150.00, for a total transaction of $435,000.00. Following the completion of the transaction, the executive vice president now owns 18,786 shares in the company, valued at approximately $2,817,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles E. Sieving sold 30,485 shares of NextEra Energy stock in a transaction dated 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 transaction, the executive vice president now owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. Insiders sold a total of 63,385 shares of company stock valued at $9,314,382 in the last 90 days. 0.53% of the stock is currently owned by company insiders.
NextEra Energy, Inc. (NYSE:NEE) opened at 147.47 on Friday. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $151.60. The stock has a 50 day moving average price of $148.73 and a 200 day moving average price of $141.14. The stock has a market cap of $69.20 billion, a PE ratio of 16.89 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data 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. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations 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 firm earned $1.67 EPS. On average, analysts predict that NextEra Energy, Inc. will post $6.73 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a $0.9825 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a yield of 2.66%. NextEra Energy’s dividend payout ratio (DPR) is 45.02%.
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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