NextEra Energy, Inc. (NEE) Stake Lowered by Welch & Forbes LLC
Welch & Forbes LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,754 shares of the utilities provider’s stock after selling 66 shares during the period. Welch & Forbes LLC’s holdings in NextEra Energy were worth $2,348,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of NEE. Waldron LP boosted its position in shares of NextEra Energy by 1.6% in the first quarter. Waldron LP now owns 5,510 shares of the utilities provider’s stock worth $707,000 after buying an additional 87 shares during the period. Enterprise Financial Services Corp boosted its position in shares of NextEra Energy by 6.4% in the first quarter. Enterprise Financial Services Corp now owns 4,974 shares of the utilities provider’s stock worth $639,000 after buying an additional 297 shares during the period. Wetherby Asset Management Inc. boosted its position in shares of NextEra Energy by 8.0% in the first quarter. Wetherby Asset Management Inc. now owns 6,413 shares of the utilities provider’s stock worth $823,000 after buying an additional 473 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of NextEra Energy by 16.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 142,944 shares of the utilities provider’s stock worth $18,350,000 after buying an additional 20,500 shares during the period. Finally, Beaumont Financial Partners LLC acquired a new stake in shares of NextEra Energy in the first quarter worth $218,000. 75.41% of the stock is owned by institutional investors and hedge funds.
Shares of NextEra Energy, Inc. (NYSE:NEE) opened at 146.74 on Thursday. The company’s 50-day moving average price is $148.97 and its 200-day moving average price is $139.72. NextEra Energy, Inc. has a 52-week low of $110.49 and a 52-week high of $151.60. The firm has a market cap of $68.86 billion, a PE ratio of 16.81 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last released its earnings results 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 return on equity of 11.88% and a net margin of 24.26%. The company’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 EPS. 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 was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were issued a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Wednesday, August 23rd. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.
Several brokerages have recently commented on NEE. KeyCorp reaffirmed a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a research report on Friday, September 1st. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Morgan Stanley raised their target price on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, September 8th. J P Morgan Chase & Co began coverage on NextEra Energy in a research report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 target price for the company. Finally, BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $151.15.
In other NextEra Energy news, EVP John W. Ketchum sold 2,900 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $150.00, for a total transaction of $435,000.00. Following the completion of the transaction, the executive vice president now owns 18,786 shares in the company, valued at approximately $2,817,900. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James L. Robo sold 30,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total value of $4,411,500.00. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.
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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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