Investment House LLC Has $911,000 Position in NextEra Energy, Inc. (NYSE:NEE)
Investment House LLC held its stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the second quarter, Holdings Channel reports. The firm owned 6,500 shares of the utilities provider’s stock at the end of the second quarter. Investment House LLC’s holdings in NextEra Energy were worth $911,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Wright Investors Service Inc. boosted its stake in shares of NextEra Energy by 20.5% in the second quarter. Wright Investors Service Inc. now owns 21,582 shares of the utilities provider’s stock worth $3,024,000 after buying an additional 3,675 shares during the last quarter. Sabal Trust CO boosted its stake in shares of NextEra Energy by 2.3% in the second quarter. Sabal Trust CO now owns 3,630 shares of the utilities provider’s stock worth $509,000 after buying an additional 80 shares during the last quarter. Torch Wealth Management LLC boosted its stake in shares of NextEra Energy by 0.7% in the second quarter. Torch Wealth Management LLC now owns 14,600 shares of the utilities provider’s stock worth $2,046,000 after buying an additional 100 shares during the last quarter. Doyle Wealth Management boosted its stake in shares of NextEra Energy by 4.6% in the second quarter. Doyle Wealth Management now owns 30,861 shares of the utilities provider’s stock worth $4,324,000 after buying an additional 1,369 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC boosted its stake in shares of NextEra Energy by 2.7% in the second quarter. Osborn Williams & Donohoe LLC now owns 15,936 shares of the utilities provider’s stock worth $2,233,000 after buying an additional 415 shares during the last quarter. 76.72% of the stock is owned by institutional investors and hedge funds.
NextEra Energy, Inc. (NEE) traded down 0.37% on Friday, reaching $147.18. The company had a trading volume of 1,271,479 shares. NextEra Energy, Inc. has a 52-week low of $110.49 and a 52-week high of $148.30. The firm has a market capitalization of $69.06 billion, a price-to-earnings ratio of 16.86 and a beta of 0.32. The stock’s 50-day moving average price is $143.37 and its 200 day moving average price is $135.07.
NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.10. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The company’s revenue was up 15.4% on a year-over-year basis. During the same period last year, the firm earned $1.67 earnings per share. On average, equities analysts anticipate that NextEra Energy, Inc. will post $6.72 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a dividend yield of 2.67%. NextEra Energy’s payout ratio is 45.02%.
A number of brokerages have recently weighed in on NEE. Morgan Stanley lifted their price objective on NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a research note on Thursday. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday. Goldman Sachs Group, Inc. (The) began coverage on NextEra Energy in a research note on Monday, July 24th. They issued a “buy” rating and a $160.00 price objective for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $147.00 price objective (up from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $156.00 price objective (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $148.64.
In other news, Director Eric E. Silagy sold 8,111 shares of the 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 transaction, the director now owns 26,884 shares of the company’s stock, valued at $3,779,352.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James L. Robo sold 52,320 shares of the stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $136.48, for a total transaction of $7,140,633.60. The disclosure for this sale can be found here. Insiders have sold 90,431 shares of company stock worth $12,692,378 in the last ninety days. Corporate insiders own 0.53% of the company’s stock.
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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