NextEra Energy Inc (NEE) Shares Bought by AE Wealth Management LLC
AE Wealth Management LLC grew its holdings in NextEra Energy Inc (NYSE:NEE) by 180.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 5,217 shares of the utilities provider’s stock after acquiring an additional 3,358 shares during the period. AE Wealth Management LLC’s holdings in NextEra Energy were worth $871,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in NEE. Gables Capital Management Inc. purchased a new stake in shares of NextEra Energy in the first quarter worth about $105,000. Braun Bostich & Associates Inc. lifted its position in shares of NextEra Energy by 492.5% in the second quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock worth $144,000 after buying an additional 719 shares in the last quarter. Stelac Advisory Services LLC purchased a new stake in shares of NextEra Energy in the first quarter worth about $151,000. Howe & Rusling Inc. lifted its position in shares of NextEra Energy by 70.5% in the second quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock worth $151,000 after buying an additional 373 shares in the last quarter. Finally, Aristotle Capital Management LLC purchased a new stake in shares of NextEra Energy in the first quarter worth about $152,000. Institutional investors and hedge funds own 76.29% of the company’s stock.
A number of equities research analysts recently commented on the company. Howard Weil assumed coverage on NextEra Energy in a research report on Tuesday, July 24th. They issued a “sector perform” rating on the stock. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 target price on the stock in a research report on Wednesday, August 8th. Morgan Stanley boosted their target price on NextEra Energy from $181.00 to $186.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays assumed coverage on NextEra Energy in a research report on Tuesday, July 10th. They issued an “equal weight” rating and a $182.00 target price on the stock. Finally, ValuEngine upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $168.38.
Shares of NYSE NEE opened at $173.65 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78. NextEra Energy Inc has a 1-year low of $144.70 and a 1-year high of $175.65. The company has a market cap of $81.35 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 2.65 and a beta of 0.18.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 25th. The utilities provider reported $2.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.05. NextEra Energy had a return on equity of 10.49% and a net margin of 49.10%. The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.51 billion. During the same period in the previous year, the firm posted $1.86 earnings per share. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. analysts predict that NextEra Energy Inc will post 7.76 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Thursday, August 30th will be paid a dividend of $1.11 per share. The ex-dividend date is Wednesday, August 29th. This represents a $4.44 annualized dividend and a yield of 2.56%. NextEra Energy’s payout ratio is currently 66.27%.
About NextEra Energy
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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