Tortoise Capital Advisors L.L.C. Has $2.16 Million Stake in NextEra Energy Inc (NYSE:NEE)
Tortoise Capital Advisors L.L.C. raised its stake in NextEra Energy Inc (NYSE:NEE) by 63.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,533 shares of the utilities provider’s stock after buying an additional 4,097 shares during the quarter. Tortoise Capital Advisors L.L.C.’s holdings in NextEra Energy were worth $2,158,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in NextEra Energy by 1.3% in the second quarter. Vanguard Group Inc. now owns 43,282,619 shares of the utilities provider’s stock valued at $8,866,878,000 after buying an additional 573,923 shares during the period. Northern Trust Corp lifted its stake in NextEra Energy by 1.6% in the first quarter. Northern Trust Corp now owns 6,786,481 shares of the utilities provider’s stock valued at $1,311,963,000 after buying an additional 107,426 shares during the period. Bank of New York Mellon Corp lifted its stake in NextEra Energy by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 4,949,645 shares of the utilities provider’s stock valued at $1,013,984,000 after buying an additional 155,904 shares during the period. Bahl & Gaynor Inc. lifted its stake in NextEra Energy by 21.6% in the second quarter. Bahl & Gaynor Inc. now owns 2,412,212 shares of the utilities provider’s stock valued at $494,166,000 after buying an additional 427,760 shares during the period. Finally, Commonwealth Bank of Australia lifted its stake in NextEra Energy by 4.9% in the first quarter. Commonwealth Bank of Australia now owns 2,272,592 shares of the utilities provider’s stock valued at $439,322,000 after buying an additional 106,769 shares during the period. 76.09% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Sherry S. Barrat sold 4,700 shares of NextEra Energy stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $218.57, for a total value of $1,027,279.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO John W. Ketchum sold 15,000 shares of NextEra Energy stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $204.50, for a total value of $3,067,500.00. Following the completion of the sale, the chief executive officer now directly owns 21,137 shares in the company, valued at approximately $4,322,516.50. The disclosure for this sale can be found here. In the last three months, insiders sold 97,853 shares of company stock worth $21,215,994. 0.48% of the stock is owned by insiders.
Shares of NYSE NEE traded up $0.82 during mid-day trading on Friday, reaching $225.72. 4,751,432 shares of the company’s stock were exchanged, compared to its average volume of 2,240,595. The firm has a market capitalization of $107.27 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 3.34 and a beta of 0.19. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.88. The business has a fifty day simple moving average of $218.48 and a 200 day simple moving average of $203.37. NextEra Energy Inc has a twelve month low of $164.25 and a twelve month high of $226.00.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $2.35 EPS for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.07. The company had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.68 billion. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. NextEra Energy’s revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.08 earnings per share. Equities research analysts predict that NextEra Energy Inc will post 8.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 29th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Wednesday, August 28th. NextEra Energy’s dividend payout ratio is presently 64.94%.
About NextEra Energy
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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