Hall Capital Management Co. Inc. Sells 30 Shares of NextEra Energy, Inc. (NEE)
Hall Capital Management Co. Inc. lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,155 shares of the utilities provider’s stock after selling 30 shares during the period. Hall Capital Management Co. Inc.’s holdings in NextEra Energy were worth $442,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in NEE. Hanson McClain Inc. grew its stake in shares of 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 grew its stake in shares of 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 shares of NextEra Energy in the 2nd quarter worth approximately $134,000. Pacific Center for Financial Services grew its stake in shares of 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 grew its stake in shares of 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.
Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $156.00 price objective on shares of NextEra Energy in a research note on Tuesday. Bank of America Corporation assumed coverage on shares of NextEra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price objective on the stock. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. KeyCorp reiterated a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a report on Thursday, October 12th. Finally, J P Morgan Chase & Co set a $169.00 target price on shares of NextEra Energy and gave the stock a “hold” rating in a report on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. NextEra Energy currently has an average rating of “Buy” and a consensus price target of $155.38.
In other news, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction that occurred on Thursday, November 2nd. The shares were 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 this link. Also, EVP Joseph T. Kelliher sold 2,000 shares of NextEra Energy stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. The disclosure for this sale can be found here. Insiders sold 65,385 shares of company stock valued at $9,748,482 over the last quarter. Corporate insiders own 0.53% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE NEE) opened at $155.49 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. The company has a market cap of $71,434.58, a P/E ratio of 22.77, a P/E/G ratio of 3.02 and a beta of 0.31. 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 posted 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 during the quarter, compared to analysts’ expectations of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The company’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.74 earnings per share. analysts anticipate that NextEra Energy, Inc. will post 6.73 EPS for the current 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 paid a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 44.16%.
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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