Linscomb & Williams Inc. Decreases Position in NextEra Energy, Inc. (NEE)
Linscomb & Williams Inc. trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,743 shares of the utilities provider’s stock after selling 111 shares during the period. Linscomb & Williams Inc.’s holdings in NextEra Energy were worth $525,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Hanson McClain Inc. grew its position 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 acquiring an additional 43 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position 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 acquiring an additional 71 shares during the last quarter. Highstreet Asset Management Inc. bought a new position in NextEra Energy during the 2nd quarter worth approximately $134,000. Pacific Center for Financial Services grew its position 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 acquiring an additional 380 shares during the last quarter. Finally, Manchester Capital Management LLC grew its position in NextEra Energy by 20.5% during the 2nd quarter. Manchester Capital Management LLC now owns 1,233 shares of the utilities provider’s stock worth $173,000 after acquiring an additional 210 shares during the last quarter. 75.23% of the stock is currently owned by institutional investors.
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In other news, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph T. Kelliher sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,385 shares of company stock valued at $9,748,482. 0.53% of the stock is currently owned by company insiders.
NextEra Energy, Inc. (NYSE:NEE) opened at $158.40 on Wednesday. The company has a market capitalization of $73,748.94, a P/E ratio of 23.50, a PEG ratio of 3.12 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. NextEra Energy, Inc. has a one year low of $112.63 and a one year high of $158.55.
NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.08. The company had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $1.74 EPS. analysts expect that NextEra Energy, Inc. will post 6.73 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders 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 dividend yield of 2.48%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s payout ratio is presently 44.16%.
Several equities analysts recently issued reports on NEE shares. KeyCorp restated a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a research report on Friday, September 1st. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Morgan Stanley raised their price target on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, September 8th. 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. Finally, Bank of America Corporation initiated coverage on NextEra Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. NextEra Energy currently has a consensus rating of “Buy” and a consensus target price of $155.38.
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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