Financial Architects Inc Decreases Stake in NextEra Energy, Inc. (NEE)
Financial Architects Inc reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 6.9% during the second quarter, Holdings Channel reports. The firm owned 5,774 shares of the utilities provider’s stock after selling 426 shares during the period. Financial Architects Inc’s holdings in NextEra Energy were worth $809,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of NEE. Highland Capital Management LLC raised its position in shares of NextEra Energy by 6.4% in the first quarter. Highland Capital Management LLC now owns 2,427 shares of the utilities provider’s stock valued at $312,000 after buying an additional 145 shares during the period. Regentatlantic Capital LLC raised its position in shares of NextEra Energy by 0.4% in the first quarter. Regentatlantic Capital LLC now owns 3,468 shares of the utilities provider’s stock valued at $445,000 after buying an additional 14 shares during the period. Hays Advisory LLC raised its position in shares of NextEra Energy by 11.0% in the first quarter. Hays Advisory LLC now owns 1,971 shares of the utilities provider’s stock valued at $253,000 after buying an additional 196 shares during the period. Atria Investments LLC raised its position in shares of NextEra Energy by 1.9% in the first quarter. Atria Investments LLC now owns 7,719 shares of the utilities provider’s stock valued at $991,000 after buying an additional 144 shares during the period. Finally, First National Bank & Trust Co. of Newtown raised its position in shares of NextEra Energy by 9.3% in the first quarter. First National Bank & Trust Co. of Newtown now owns 8,229 shares of the utilities provider’s stock valued at $1,056,000 after buying an additional 700 shares during the period. 76.84% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy, Inc. (NYSE NEE) traded up 0.49% during trading on Tuesday, reaching $148.79. The company had a trading volume of 373,123 shares. The firm has a 50-day moving average price of $143.51 and a 200 day moving average price of $135.51. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $148.85. The stock has a market cap of $69.82 billion, a P/E ratio of 17.04 and a beta of 0.32.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the firm posted $1.67 EPS. The business’s revenue was up 15.4% compared to the same quarter last year. Equities research analysts predict that NextEra Energy, Inc. will post $6.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a $0.9825 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a yield of 2.65%. NextEra Energy’s payout ratio is currently 45.02%.
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NEE has been the topic of several research reports. UBS AG reaffirmed a “buy” rating and issued a $143.00 target price (up from $138.00) on shares of NextEra Energy in a research report on Tuesday, April 18th. Barclays PLC reissued an “overweight” rating and issued a $150.00 price objective (up from $139.00) on shares of NextEra Energy in a research report on Sunday, April 23rd. Royal Bank Of Canada reissued a “buy” rating and issued a $144.00 price objective on shares of NextEra Energy in a research report on Tuesday, May 2nd. Morgan Stanley raised their price objective on NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, May 8th. Finally, BidaskClub lowered NextEra Energy from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $148.64.
In related news, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were 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 SEC, which is available at this hyperlink. Also, Director Eric E. Silagy sold 8,111 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 26,884 shares in the company, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. In the last three months, insiders sold 90,431 shares of company stock worth $12,692,378. 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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