NextEra Energy, Inc. (NEE) Stake Cut by Perigon Wealth Management LLC
Perigon Wealth Management LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 1.0% during the first quarter, Holdings Channel reports. The institutional investor owned 5,405 shares of the utilities provider’s stock after selling 52 shares during the period. Perigon Wealth Management LLC’s holdings in NextEra Energy were worth $694,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after buying an additional 71 shares in the last quarter. Pinnacle Bank acquired a new position in shares of NextEra Energy during the first quarter worth about $161,000. Norway Savings Bank increased its position in shares of NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock worth $172,000 after buying an additional 18 shares in the last quarter. Baystate Wealth Management LLC increased its position in shares of NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock worth $174,000 after buying an additional 441 shares in the last quarter. Finally, Ruggie Capital Group acquired a new position in shares of NextEra Energy during the first quarter worth about $191,000. Institutional investors own 76.84% of the company’s stock.
NextEra Energy, Inc. (NYSE NEE) traded up 0.69% during trading on Friday, hitting $149.63. The stock had a trading volume of 424,799 shares. The firm has a market cap of $70.21 billion, a P/E ratio of 17.14 and a beta of 0.32. The stock’s 50 day moving average price is $144.09 and its 200 day moving average price is $135.91. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $150.32.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.10. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The company’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.67 EPS. On average, analysts anticipate that NextEra Energy, Inc. will post $6.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio (DPR) is 45.02%.
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A number of equities analysts have issued reports on NEE shares. Royal Bank Of Canada reiterated a “buy” rating and set a $144.00 price target on shares of NextEra Energy in a research report on Tuesday, May 2nd. BidaskClub downgraded NextEra Energy from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. BMO Capital Markets reiterated a “buy” rating and set a $156.00 price target (up previously from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) started coverage on NextEra Energy in a research report on Monday, July 24th. They set a “buy” rating and a $160.00 price target on the stock. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $158.00 price target (up previously from $150.00) on shares of NextEra Energy in a research report on Monday, June 19th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $148.64.
In other news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eric E. Silagy sold 8,111 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total value of $1,140,244.38. Following the sale, the director now directly owns 26,884 shares in the company, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.
NextEra Energy Company 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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