Quadrant Capital Group LLC Trims Position in NextEra Energy, Inc. (NEE)
Quadrant Capital Group LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,695 shares of the company’s stock after selling 111 shares during the period. Quadrant Capital Group LLC’s holdings in NextEra Energy were worth $200,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Day & Ennis LLC grew its position in NextEra Energy by 0.6% during the 1st quarter. Day & Ennis LLC now owns 2,174 shares of the company’s stock worth $279,000 after acquiring an additional 14 shares during the last quarter. Farmers & Merchants Investments Inc. grew its position in shares of NextEra Energy by 0.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 4,745 shares of the company’s stock valued at $665,000 after buying an additional 15 shares during the last quarter. Whalerock Point Partners LLC grew its position in shares of NextEra Energy by 0.3% in the 2nd quarter. Whalerock Point Partners LLC now owns 5,598 shares of the company’s stock valued at $784,000 after buying an additional 15 shares during the last quarter. First Interstate Bank grew its position in shares of NextEra Energy by 1.3% in the 2nd quarter. First Interstate Bank now owns 1,259 shares of the company’s stock valued at $176,000 after buying an additional 16 shares during the last quarter. Finally, Sfmg LLC grew its position in shares of NextEra Energy by 0.7% in the 2nd quarter. Sfmg LLC now owns 2,679 shares of the company’s stock valued at $375,000 after buying an additional 19 shares during the last quarter. Institutional investors and hedge funds own 75.23% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE:NEE) opened at C$155.16 on Monday. NextEra Energy, Inc. has a 52-week low of C$110.49 and a 52-week high of C$156.80. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61. The company has a market capitalization of $72,986.90, a PE ratio of 23.26, a P/E/G ratio of 3.09 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last announced its earnings results on Thursday, October 26th. The company reported C$1.85 EPS for the quarter, beating the consensus estimate of C$1.77 by C$0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The company had revenue of C$4.81 billion for the quarter, compared to analyst estimates of C$4.89 billion. During the same quarter in the prior year, the company earned $1.74 EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. research analysts forecast that NextEra Energy, Inc. will post 6.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 annualized dividend and a dividend yield of 2.53%. NextEra Energy’s payout ratio is 44.16%.
A number of equities research analysts have commented on the company. Morgan Stanley upped their price target on NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. J P Morgan Chase & Co assumed coverage on NextEra Energy in a research report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price target on the stock. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. KeyCorp reiterated a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research report on Thursday, October 12th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $156.00 price target on shares of NextEra Energy in a research report on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$155.38.
In related news, EVP Charles E. Sieving sold 30,485 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of C$146.56, for a total transaction of C$4,467,881.60. Following the transaction, the executive vice president now directly owns 78,167 shares of the company’s stock, valued at approximately C$11,456,155.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John W. Ketchum sold 2,900 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of C$150.00, for a total value of C$435,000.00. Following the transaction, the executive vice president now directly owns 18,786 shares in the company, valued at C$2,817,900. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,385 shares of company stock worth $9,748,482. 0.53% of the stock is owned by corporate insiders.
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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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