NextEra Energy, Inc. (NYSE:NEE) Position Raised by Wright Investors Service Inc.
Wright Investors Service Inc. raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 20.5% during the second quarter, Holdings Channel reports. The firm owned 21,582 shares of the utilities provider’s stock after buying an additional 3,675 shares during the period. NextEra Energy comprises 1.1% of Wright Investors Service Inc.’s portfolio, making the stock its 20th largest position. Wright Investors Service Inc.’s holdings in NextEra Energy were worth $3,024,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Sabal Trust CO boosted its stake in NextEra Energy by 2.3% in the second quarter. Sabal Trust CO now owns 3,630 shares of the utilities provider’s stock valued at $509,000 after buying an additional 80 shares during the period. Torch Wealth Management LLC boosted its stake in NextEra Energy by 0.7% in the second quarter. Torch Wealth Management LLC now owns 14,600 shares of the utilities provider’s stock valued at $2,046,000 after buying an additional 100 shares during the period. Doyle Wealth Management boosted its stake in NextEra Energy by 4.6% in the second quarter. Doyle Wealth Management now owns 30,861 shares of the utilities provider’s stock valued at $4,324,000 after buying an additional 1,369 shares during the period. Osborn Williams & Donohoe LLC boosted its stake in NextEra Energy by 2.7% in the second quarter. Osborn Williams & Donohoe LLC now owns 15,936 shares of the utilities provider’s stock valued at $2,233,000 after buying an additional 415 shares during the period. Finally, Capital Insight Partners LLC acquired a new stake in NextEra Energy during the second quarter valued at approximately $420,000. 76.72% of the stock is currently owned by institutional investors.
NextEra Energy, Inc. (NYSE:NEE) traded down 0.37% on Friday, hitting $147.18. The stock had a trading volume of 1,271,479 shares. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $148.30. The company’s 50 day moving average is $143.37 and its 200-day moving average is $135.07. The stock has a market cap of $69.06 billion, a P/E ratio of 16.86 and a beta of 0.32.
NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the business earned $1.67 earnings per share. The company’s revenue was up 15.4% compared to the same quarter last year. Analysts forecast that NextEra Energy, Inc. will post $6.72 EPS for the current year.
The business also recently announced 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 payout ratio is 45.02%.
Several equities research analysts recently commented on the company. Morgan Stanley increased their price objective on NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a research report on Thursday. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday. Goldman Sachs Group, Inc. (The) assumed coverage on NextEra Energy in a research report on Monday, July 24th. They issued a “buy” rating and a $160.00 target price on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $147.00 target price (up from $144.00) on shares of NextEra Energy in a research report on Sunday, July 9th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $156.00 target price (up from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $148.64.
In other news, Director James L. Robo sold 52,320 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $136.48, for a total value of $7,140,633.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Eric E. Silagy sold 8,111 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now owns 26,884 shares in the company, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. Insiders sold 90,431 shares of company stock worth $12,692,378 in the last 90 days. Company 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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