Kimelman & Baird LLC Continues to Hold Stake in NextEra Energy, Inc. (NEE)
Kimelman & Baird LLC continued to hold its stake in NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,907 shares of the utilities provider’s stock at the end of the 2nd quarter. Kimelman & Baird LLC’s holdings in NextEra Energy were worth $2,930,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. Hanson McClain Inc. raised its holdings in NextEra Energy by 6.0% during the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after buying an additional 43 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in NextEra Energy by 8.9% during 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 buying an additional 71 shares during the period. Highstreet Asset Management Inc. acquired a new stake in NextEra Energy during the 2nd quarter worth approximately $134,000. Atlantic Trust LLC acquired a new stake in NextEra Energy during the 2nd quarter worth approximately $154,000. Finally, Pacific Center for Financial Services raised its holdings in NextEra Energy by 50.1% during the 2nd quarter. Pacific Center for Financial Services now owns 1,139 shares of the utilities provider’s stock worth $160,000 after buying an additional 380 shares during the period. Institutional investors and hedge funds own 75.23% of the company’s stock.
Several analysts have commented on the stock. Morgan Stanley raised their target price on shares of NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. J P Morgan Chase & Co assumed coverage on shares of NextEra Energy in a report on Thursday, September 7th. They set an “overweight” rating and a $173.00 target price on the stock. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. KeyCorp restated a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a report on Thursday, October 12th. Finally, Goldman Sachs Group, Inc. (The) started coverage on shares of NextEra Energy in a report on Monday, July 24th. They set a “buy” rating and a $160.00 target price on the stock. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and a consensus target price of $155.38.
In other NextEra Energy news, EVP John W. Ketchum sold 2,900 shares of NextEra Energy stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $150.00, for a total value of $435,000.00. Following the transaction, the executive vice president now owns 18,786 shares in the company, valued at $2,817,900. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total value of $4,545,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,385 shares of company stock valued at $9,748,482. 0.53% of the stock is owned by insiders.
Shares of NextEra Energy, Inc. (NYSE:NEE) opened at $156.04 on Friday. NextEra Energy, Inc. has a twelve month low of $112.63 and a twelve month high of $159.28. 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 firm has a market capitalization of $73,400.91, a price-to-earnings ratio of 23.39, a PEG ratio of 3.10 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last posted its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter last year, the firm earned $1.74 earnings per share. The company’s revenue was up .1% on a year-over-year basis. research analysts forecast that NextEra Energy, Inc. will post 6.73 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors 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 2.52%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 44.16%.
NextEra Energy 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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