NextEra Energy, Inc. (NYSE:NEE) Stake Boosted by Day & Ennis LLC
Day & Ennis LLC raised its position in NextEra Energy, Inc. (NYSE:NEE) by 0.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,174 shares of the utilities provider’s stock after buying an additional 14 shares during the period. Day & Ennis LLC’s holdings in NextEra Energy were worth $279,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after buying an additional 36,747,599 shares during the period. APG Asset Management N.V. boosted its stake in shares of NextEra Energy by 75.0% in the first quarter. APG Asset Management N.V. now owns 1,971,565 shares of the utilities provider’s stock worth $253,090,000 after buying an additional 844,862 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of NextEra Energy by 7,771.4% in the first quarter. Canada Pension Plan Investment Board now owns 399,000 shares of the utilities provider’s stock worth $51,220,000 after buying an additional 393,931 shares in the last quarter. Swiss National Bank boosted its stake in shares of NextEra Energy by 26.1% in the first quarter. Swiss National Bank now owns 1,851,224 shares of the utilities provider’s stock worth $237,642,000 after buying an additional 382,800 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of NextEra Energy by 7.9% in the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock worth $586,925,000 after buying an additional 336,562 shares in the last quarter. 76.72% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NextEra Energy, Inc. (NYSE NEE) traded down 0.37% during midday trading on Friday, hitting $147.18. The company 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 price is $143.37 and its 200 day moving average price is $135.07. The company has a market capitalization of $69.06 billion, a price-to-earnings ratio of 16.86 and a beta of 0.32.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the business earned $1.67 EPS. NextEra Energy’s revenue was up 15.4% compared to the same quarter last year. Equities research analysts predict that NextEra Energy, Inc. will post $6.72 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors 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 yield of 2.67%. NextEra Energy’s dividend payout ratio is 45.02%.
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NEE has been the subject of a number of research analyst reports. BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday. Goldman Sachs Group, Inc. (The) initiated coverage on NextEra Energy in a report on Monday, July 24th. They set a “buy” rating and a $160.00 price objective for the company. Royal Bank Of Canada restated a “buy” rating and set a $144.00 price objective on shares of NextEra Energy in a report on Tuesday, May 2nd. BMO Capital Markets restated a “buy” rating and set a $156.00 price objective (up previously from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. Finally, UBS AG restated a “buy” rating and set a $143.00 price objective (up previously from $138.00) on shares of NextEra Energy in a report on Tuesday, April 18th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. NextEra Energy has an average rating of “Buy” and a consensus target price of $148.64.
In related news, Director Eric E. Silagy sold 8,111 shares of NextEra Energy stock in a transaction that occurred 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 transaction, the director now directly owns 26,884 shares in the company, valued at approximately $3,779,352.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 3rd. The shares were 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. Insiders sold a total of 90,431 shares of company stock valued at $12,692,378 over the last quarter. 0.53% of the stock is owned by company insiders.
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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