NextEra Energy, Inc. (NEE) Shares Sold by Schmidt P J Investment Management Inc.
Schmidt P J Investment Management Inc. decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,866 shares of the utilities provider’s stock after selling 2,024 shares during the period. NextEra Energy makes up approximately 1.3% of Schmidt P J Investment Management Inc.’s investment portfolio, making the stock its 26th biggest position. Schmidt P J Investment Management Inc.’s holdings in NextEra Energy were worth $4,377,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new position in shares of NextEra Energy during the second quarter worth $1,289,000. Almanack Investment Partners LLC. increased its position in shares of NextEra Energy by 64.6% during the second quarter. Almanack Investment Partners LLC. now owns 2,163 shares of the utilities provider’s stock worth $303,000 after purchasing an additional 849 shares in the last quarter. Salem Investment Counselors Inc. increased its position in shares of NextEra Energy by 12.7% during the first quarter. Salem Investment Counselors Inc. now owns 9,001 shares of the utilities provider’s stock worth $1,154,000 after purchasing an additional 1,012 shares in the last quarter. NGAM Advisors L.P. increased its position in shares of NextEra Energy by 8.9% during the second quarter. NGAM Advisors L.P. now owns 63,026 shares of the utilities provider’s stock worth $8,832,000 after purchasing an additional 5,175 shares in the last quarter. Finally, Capital One National Association increased its position in shares of NextEra Energy by 30.9% during the second quarter. Capital One National Association now owns 21,617 shares of the utilities provider’s stock worth $3,030,000 after purchasing an additional 5,099 shares in the last quarter. Hedge funds and other institutional investors own 74.55% of the company’s stock.
Several research firms have commented on NEE. Bank of America Corporation began coverage on shares of NextEra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price target on the stock. Royal Bank Of Canada restated a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a research report on Tuesday, November 7th. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. KeyCorp reiterated a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a report on Friday, September 1st. Finally, J P Morgan Chase & Co set a $169.00 price objective on shares of NextEra Energy and gave the company a “hold” rating in a report on Thursday, October 12th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $155.38.
In other NextEra Energy news, EVP Charles E. Sieving sold 30,485 shares of NextEra Energy stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 78,167 shares in the company, valued at $11,456,155.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total transaction of $4,545,600.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,385 shares of company stock worth $9,748,482. 0.53% of the stock is owned by insiders.
Shares of NextEra Energy, Inc. (NYSE NEE) opened at $156.05 on Friday. The firm has a market cap of $72,996.30, a PE ratio of 23.26, a PEG ratio of 3.09 and a beta of 0.31. 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 fifty-two week low of $112.63 and a fifty-two week high of $159.28.
NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.08. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.74 earnings per share. sell-side analysts expect that NextEra Energy, Inc. will post 6.73 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is currently 44.16%.
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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