Harbour Capital Advisors LLC Sells 17,030 Shares of NextEra Energy, Inc. (NEE)
Harbour Capital Advisors LLC cut its position in NextEra Energy, Inc. (NYSE:NEE) by 88.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,120 shares of the utilities provider’s stock after selling 17,030 shares during the period. Harbour Capital Advisors LLC’s holdings in NextEra Energy were worth $272,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of NEE. Waldron LP increased its position in shares of NextEra Energy by 1.6% in the first quarter. Waldron LP now owns 5,510 shares of the utilities provider’s stock worth $707,000 after buying an additional 87 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in shares of NextEra Energy by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 12,462 shares of the utilities provider’s stock worth $1,496,000 after buying an additional 524 shares during the last quarter. Concorde Asset Management LLC increased its position in shares of NextEra Energy by 6.0% in the first quarter. Concorde Asset Management LLC now owns 2,009 shares of the utilities provider’s stock worth $259,000 after buying an additional 113 shares during the last quarter. Hollencrest Securities LLC increased its position in shares of NextEra Energy by 3.0% in the first quarter. Hollencrest Securities LLC now owns 1,944 shares of the utilities provider’s stock worth $250,000 after buying an additional 56 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of NextEra Energy by 19.1% in the first quarter. Nationwide Fund Advisors now owns 159,893 shares of the utilities provider’s stock worth $20,525,000 after buying an additional 25,663 shares during the last quarter. 75.64% of the stock is owned by institutional investors.
Shares of NextEra Energy, Inc. (NYSE:NEE) traded down 0.12% during midday trading on Wednesday, hitting $150.54. 377,206 shares of the stock were exchanged. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $151.19. The company has a market cap of $70.64 billion, a PE ratio of 17.24 and a beta of 0.32. The stock has a 50 day moving average price of $145.70 and a 200-day moving average price of $137.05.
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 Zacks’ consensus estimate of $1.76 by $0.10. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The firm’s revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 earnings per share. On average, analysts predict that NextEra Energy, Inc. will post $6.72 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.61%. NextEra Energy’s dividend payout ratio (DPR) is 45.02%.
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A number of equities analysts have recently issued reports on NEE shares. BidaskClub downgraded NextEra Energy from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. BMO Capital Markets reaffirmed a “buy” rating and set a $156.00 price target (up from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) started coverage on NextEra Energy in a research report on Monday, July 24th. They set a “buy” rating and a $160.00 price target on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $144.00 price target on shares of NextEra Energy in a research report on Tuesday, May 2nd. Finally, Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $148.64.
In related news, Director James L. Robo sold 30,000 shares of the 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 the SEC website. 0.53% of the stock is currently owned by corporate 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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