NextEra Energy, Inc. (NYSE:NEE) Stake Held by Kimelman & Baird LLC
Kimelman & Baird LLC continued to hold its position in NextEra Energy, Inc. (NYSE:NEE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,907 shares of the utilities provider’s stock at the end of the first quarter. Kimelman & Baird LLC’s holdings in NextEra Energy were worth $2,684,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted 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 during the period. Pinnacle Bank bought a new position in shares of NextEra Energy during the first quarter worth about $161,000. Baystate Wealth Management LLC boosted 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 during the period. Norway Savings Bank boosted 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 during the period. Finally, Ruggie Capital Group bought a new position in shares of NextEra Energy during the first quarter worth about $191,000. 76.84% of the stock is owned by hedge funds and other institutional investors.
Shares of NextEra Energy, Inc. (NEE) traded up 0.53% on Monday, hitting $147.96. 206,510 shares of the stock were exchanged. The firm’s 50-day moving average is $143.37 and its 200-day moving average is $135.07. The company has a market cap of $69.43 billion, a P/E ratio of 16.95 and a beta of 0.32. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $148.30.
NextEra Energy (NYSE:NEE) last released 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 net margin of 24.26% and a return on equity of 11.88%. The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the firm earned $1.67 EPS. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, equities analysts forecast that NextEra Energy, Inc. will post $6.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a $0.9825 dividend. The ex-dividend date of this dividend 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 currently 45.02%.
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NEE has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $144.00 target price on shares of NextEra Energy in a report on Tuesday, May 2nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $156.00 target price (up from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. BidaskClub cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Barclays PLC reaffirmed an “overweight” rating and issued a $150.00 target price (up from $139.00) on shares of NextEra Energy in a report on Sunday, April 23rd. Finally, UBS AG reaffirmed a “buy” rating and issued a $143.00 target price (up 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 given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $148.64.
In other news, Director Eric E. Silagy sold 8,111 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the sale, the director now owns 26,884 shares in the company, valued at $3,779,352.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James L. Robo sold 30,000 shares of the business’s 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 worth $12,692,378 over the last quarter. Insiders own 0.53% of the company’s stock.
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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