Northstar Wealth Partners LLC Continues to Hold Holdings in NextEra Energy, Inc. (NEE)
Northstar Wealth Partners LLC maintained its position in NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,647 shares of the utilities provider’s stock at the end of the second quarter. Northstar Wealth Partners LLC’s holdings in NextEra Energy were worth $232,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Endurance Wealth Management Inc. increased its position in NextEra Energy by 14.5% during the 2nd quarter. Endurance Wealth Management Inc. now owns 38,450 shares of the utilities provider’s stock worth $5,388,000 after purchasing an additional 4,883 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its position in NextEra Energy by 325.0% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,564 shares of the utilities provider’s stock worth $219,000 after purchasing an additional 1,196 shares in the last quarter. AT Bancorp increased its position in NextEra Energy by 12.3% during the 2nd quarter. AT Bancorp now owns 13,637 shares of the utilities provider’s stock worth $1,912,000 after purchasing an additional 1,489 shares in the last quarter. Beach Investment Management LLC. increased its position in NextEra Energy by 1,572.6% during the 2nd quarter. Beach Investment Management LLC. now owns 163,583 shares of the utilities provider’s stock worth $22,923,000 after purchasing an additional 153,803 shares in the last quarter. Finally, REDW Stanley Financial Advisors LLC acquired a new position in NextEra Energy during the 2nd quarter worth approximately $210,000. Institutional investors and hedge funds own 75.41% of the company’s stock.
In other NextEra Energy news, EVP John W. Ketchum sold 2,900 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $150.00, for a total transaction of $435,000.00. Following the completion of the sale, the executive vice president now directly owns 18,786 shares of the company’s stock, valued at approximately $2,817,900. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James L. Robo sold 30,000 shares of the 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. Corporate insiders own 0.53% of the company’s stock.
NEE has been the subject of a number of research analyst reports. KeyCorp reiterated a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a research report on Friday, September 1st. Morgan Stanley upped their price objective on shares of NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, September 8th. BMO Capital Markets reiterated a “buy” rating and set a $156.00 price objective (up from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. BidaskClub cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, J P Morgan Chase & Co began coverage on shares of NextEra Energy in a research report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price target for the company. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $151.15.
Shares of NextEra Energy, Inc. (NEE) opened at 146.36 on Friday. The firm has a market capitalization of $68.68 billion, a PE ratio of 16.76 and a beta of 0.33. The stock’s 50 day moving average is $148.97 and its 200 day moving average is $139.72. NextEra Energy, Inc. has a 52-week low of $110.49 and a 52-week high of $151.60.
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 Thomson Reuters’ consensus estimate of $1.76 by $0.10. The company had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.67 EPS. On average, equities research analysts forecast that NextEra Energy, Inc. will post $6.73 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were issued a $0.9825 dividend. This represents a $3.93 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Wednesday, August 23rd. NextEra Energy’s dividend payout ratio is 45.02%.
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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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