Mcmillion Capital Management Inc. Has $460,000 Stake in NextEra Energy, Inc. (NEE)
Mcmillion Capital Management Inc. decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 5.8% during the first quarter, Holdings Channel reports. The fund owned 3,585 shares of the utilities provider’s stock after selling 220 shares during the period. Mcmillion Capital Management Inc.’s holdings in NextEra Energy were worth $460,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of NextEra Energy by 8.9% in the first 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 last quarter. Pinnacle Bank purchased a new position in shares of NextEra Energy during the first quarter worth approximately $161,000. Norway Savings Bank increased its position in shares of NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock worth $172,000 after buying an additional 18 shares during the last quarter. Baystate Wealth Management LLC increased its position in shares of NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock worth $174,000 after buying an additional 441 shares during the last quarter. Finally, Ruggie Capital Group purchased a new position in shares of NextEra Energy during the first quarter worth approximately $191,000. Institutional investors own 76.84% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE:NEE) traded up 0.39% during midday trading on Tuesday, reaching $148.64. 251,108 shares of the company were exchanged. NextEra Energy, Inc. has a 52-week low of $110.49 and a 52-week high of $148.64. The firm’s 50 day moving average is $143.51 and its 200-day moving average is $135.51. The company has a market capitalization of $69.75 billion, a PE ratio of 17.02 and a beta of 0.32.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping the consensus estimate of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the business earned $1.67 earnings per share. NextEra Energy’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, equities analysts forecast that NextEra Energy, Inc. will post $6.72 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a $0.9825 dividend. This represents a $3.93 annualized dividend and a yield of 2.65%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.
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A number of equities analysts have recently weighed in on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of NextEra Energy in a research note on Monday, July 24th. They set a “buy” rating and a $160.00 price target on the stock. BidaskClub raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $147.00 price target (up from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. Morgan Stanley upped their price target on shares of NextEra Energy from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, May 8th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and set a $158.00 price target (up from $150.00) on shares of NextEra Energy in a research note on Monday, June 19th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $148.64.
In other NextEra Energy news, Director Eric E. Silagy sold 8,111 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total value of $1,140,244.38. Following the sale, the director now directly owns 26,884 shares in the company, valued at $3,779,352.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James L. Robo sold 52,320 shares of the business’s 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. Over the last quarter, insiders sold 90,431 shares of company stock worth $12,692,378. 0.53% of the stock is owned by company 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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