NextEra Energy, Inc. (NEE) Position Trimmed by Hunter Associates Investment Management LLC
Hunter Associates Investment Management LLC cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,700 shares of the utilities provider’s stock after selling 200 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in NextEra Energy were worth $378,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of NEE. BlackRock Inc. raised its stake in shares of NextEra Energy by 3,384.2% during the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after acquiring an additional 36,747,599 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of NextEra Energy by 4.6% during the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock worth $4,785,120,000 after acquiring an additional 1,503,907 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of NextEra Energy by 122.5% during the second quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock worth $207,281,000 after acquiring an additional 814,478 shares in the last quarter. BT Investment Management Ltd purchased a new position in shares of NextEra Energy during the second quarter worth approximately $96,214,000. Finally, Bank of Montreal Can purchased a new position in shares of NextEra Energy during the second quarter worth approximately $83,603,000. 75.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NextEra Energy, Inc. (NYSE:NEE) opened at $152.65 on Friday. The firm has a market cap of $70.49 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 2.98 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61.
NextEra Energy (NYSE:NEE) last announced its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the previous year, the business earned $1.74 EPS. The company’s revenue was up .1% on a year-over-year basis. equities analysts expect that NextEra Energy, Inc. will post 6.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a yield of 2.57%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 44.16%.
In other NextEra Energy news, EVP John W. Ketchum sold 2,900 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $150.00, for a total transaction of $435,000.00. Following the sale, the executive vice president now directly owns 18,786 shares of the company’s stock, valued at approximately $2,817,900. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the sale, the executive vice president now directly owns 78,167 shares in the company, valued at $11,456,155.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,385 shares of company stock worth $9,748,482. Company insiders own 0.53% of the company’s stock.
Several research firms have commented on NEE. Morgan Stanley lifted their price target on shares of NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. Royal Bank Of Canada restated an “outperform” rating and issued a $147.00 target price (up previously from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. J P Morgan Chase & Co began coverage on shares of NextEra Energy in a report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 target price on the stock. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Tuesday, October 10th. Finally, KeyCorp restated a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a report on Thursday, October 12th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $154.69.
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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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