NextEra Energy, Inc. (NEE) Shares Sold by Oppenheimer & Co. Inc.
Oppenheimer & Co. Inc. decreased its stake in NextEra Energy, Inc. (NYSE:NEE) by 3.7% during the first quarter, Holdings Channel reports. The fund owned 74,308 shares of the utilities provider’s stock after selling 2,837 shares during the period. Oppenheimer & Co. Inc.’s holdings in NextEra Energy were worth $9,539,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. First National Bank & Trust Co. of Newtown raised its position in NextEra Energy by 9.3% in the first quarter. First National Bank & Trust Co. of Newtown now owns 8,229 shares of the utilities provider’s stock worth $1,056,000 after buying an additional 700 shares in the last quarter. Atria Investments LLC raised its position in NextEra Energy by 1.9% in the first quarter. Atria Investments LLC now owns 7,719 shares of the utilities provider’s stock worth $991,000 after buying an additional 144 shares in the last quarter. Hays Advisory LLC raised its position in NextEra Energy by 11.0% in the first quarter. Hays Advisory LLC now owns 1,971 shares of the utilities provider’s stock worth $253,000 after buying an additional 196 shares in the last quarter. Honkamp Krueger Financial Services Inc. raised its position in NextEra Energy by 0.3% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 4,902 shares of the utilities provider’s stock worth $629,000 after buying an additional 14 shares in the last quarter. Finally, TNB Financial acquired a new position in NextEra Energy during the first quarter worth $1,224,000. Institutional investors own 76.72% of the company’s stock.
Shares of NextEra Energy, Inc. (NEE) traded down 0.08% on Thursday, reaching $147.12. 270,527 shares of the company’s stock traded hands. NextEra Energy, Inc. has a 52-week low of $110.49 and a 52-week high of $148.19. The firm’s 50-day moving average is $143.02 and its 200-day moving average is $134.77. The stock has a market cap of $69.03 billion, a price-to-earnings ratio of 16.85 and a beta of 0.32.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.10. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.67 earnings per share. Analysts anticipate that NextEra Energy, Inc. will post $6.72 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a $0.9825 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.67%. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.
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A number of research analysts recently weighed in on NEE shares. BidaskClub upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday. Goldman Sachs Group, Inc. (The) started coverage on shares of NextEra Energy in a research note on Monday, July 24th. They issued a “buy” rating and a $160.00 price objective for the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $144.00 price objective on shares of NextEra Energy in a research note on Tuesday, May 2nd. BMO Capital Markets reiterated a “buy” rating and issued a $156.00 price objective (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. Finally, UBS AG reiterated a “buy” rating and issued a $143.00 price objective (up from $138.00) on shares of NextEra Energy in a research note on Tuesday, April 18th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. NextEra Energy currently has a consensus rating of “Buy” and an average target price of $148.18.
In other news, Director Eric E. Silagy sold 8,111 shares of the stock in a transaction on 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 completion of the sale, the director now directly owns 26,884 shares of the company’s stock, valued at $3,779,352.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James L. Robo sold 30,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total transaction of $4,411,500.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,431 shares of company stock valued at $12,692,378. Corporate insiders own 0.53% of the company’s stock.
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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