NextEra Energy Inc (NEE) Holdings Reduced by Grandfield & Dodd LLC
Grandfield & Dodd LLC cut its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 11.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,030 shares of the utilities provider’s stock after selling 381 shares during the period. Grandfield & Dodd LLC’s holdings in NextEra Energy were worth $444,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of NEE. Shelter Ins Retirement Plan purchased a new position in NextEra Energy in the third quarter valued at approximately $1,700,000. Shelter Mutual Insurance Co purchased a new position in NextEra Energy in the third quarter worth $2,682,000. HL Financial Services LLC increased its position in shares of NextEra Energy by 2.2% in the third quarter. HL Financial Services LLC now owns 48,406 shares of the utilities provider’s stock valued at $7,094,000 after buying an additional 1,022 shares in the last quarter. FDx Advisors Inc. increased its position in shares of NextEra Energy by 12.5% in the third quarter. FDx Advisors Inc. now owns 35,320 shares of the utilities provider’s stock valued at $5,176,000 after buying an additional 3,921 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. increased its position in shares of NextEra Energy by 6.2% in the third quarter. Candriam Luxembourg S.C.A. now owns 32,775 shares of the utilities provider’s stock valued at $4,803,000 after buying an additional 1,919 shares in the last quarter. Institutional investors own 75.63% of the company’s stock.
A number of research analysts have recently weighed in on NEE shares. KeyCorp restated a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research report on Friday, September 1st. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Morgan Stanley lifted their price objective on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, September 8th. Bank of America began coverage on NextEra Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price objective for the company. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $156.00 price target on shares of NextEra Energy in a research note on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. NextEra Energy presently has a consensus rating of “Buy” and a consensus target price of $157.73.
Shares of NextEra Energy Inc (NYSE:NEE) traded up $2.14 during mid-day trading on Thursday, reaching $157.78. The company’s stock had a trading volume of 1,983,800 shares, compared to its average volume of 1,684,582. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11. NextEra Energy Inc has a one year low of $114.80 and a one year high of $159.28. The firm has a market cap of $73,212.69, a price-to-earnings ratio of 23.33, a PEG ratio of 3.10 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) 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 analyst estimates of $4.89 billion. During the same quarter in the previous year, the firm posted $1.74 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. analysts predict that NextEra Energy Inc will post 6.73 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a $0.9825 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 annualized dividend and a dividend yield of 2.49%. NextEra Energy’s dividend payout ratio (DPR) is 44.16%.
In other news, EVP John W. Ketchum sold 2,900 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $150.00, for a total value of $435,000.00. Following the completion of the sale, the executive vice president now owns 18,786 shares in the company, valued at $2,817,900. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joseph T. Kelliher sold 2,000 shares of the company’s stock in a transaction 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. Insiders own 0.53% of the company’s stock.
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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