Fiduciary Trust Co. Cuts Position in NextEra Energy, Inc. (NEE)
Fiduciary Trust Co. lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,520 shares of the utilities provider’s stock after selling 1,999 shares during the period. Fiduciary Trust Co.’s holdings in NextEra Energy were worth $9,181,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue boosted its stake in shares of NextEra Energy by 37.9% in the first quarter. State of Alaska Department of Revenue now owns 20,477 shares of the utilities provider’s stock worth $2,628,000 after buying an additional 5,626 shares in the last quarter. Hexavest Inc. boosted its stake in shares of NextEra Energy by 3.9% in the first quarter. Hexavest Inc. now owns 531,226 shares of the utilities provider’s stock worth $68,193,000 after buying an additional 20,166 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of NextEra Energy by 2.1% in the first quarter. Retirement Systems of Alabama now owns 226,021 shares of the utilities provider’s stock worth $29,014,000 after buying an additional 4,548 shares in the last quarter. First National Bank Sioux Falls acquired a new stake in shares of NextEra Energy during the first quarter worth approximately $209,000. Finally, Wagner Bowman Management Corp boosted its stake in shares of NextEra Energy by 1.0% in the first quarter. Wagner Bowman Management Corp now owns 5,440 shares of the utilities provider’s stock worth $698,000 after buying an additional 53 shares in the last quarter. 75.64% of the stock is owned by institutional investors and hedge funds.
NextEra Energy, Inc. (NYSE NEE) traded down 0.21% during trading on Tuesday, hitting $150.57. 335,146 shares of the company’s stock were exchanged. The firm has a market cap of $70.65 billion, a price-to-earnings ratio of 17.25 and a beta of 0.32. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $151.28. The company’s 50-day moving average price is $145.70 and its 200 day moving average price is $137.05.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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%. NextEra Energy’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.67 earnings per share. Equities analysts forecast that NextEra Energy, Inc. will post $6.72 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a $0.9825 dividend. This represents a $3.93 annualized dividend and a yield of 2.60%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s payout ratio is 45.02%.
NEE has been the subject of a number of research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $144.00 target price on shares of NextEra Energy in a report on Tuesday, May 2nd. Morgan Stanley upped their target price on shares of NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a report on Monday, May 8th. BidaskClub cut shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $158.00 target price (up from $150.00) on shares of NextEra Energy in a report on Monday, June 19th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $156.00 target price (up from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. NextEra Energy has an average rating of “Buy” and an average target price of $148.64.
In other NextEra Energy news, 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 value of $4,411,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.53% of the company’s stock.
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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