Tower Research Capital LLC TRC Has $102,000 Stake in NextEra Energy, Inc. (NEE)
Tower Research Capital LLC TRC cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 84.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 798 shares of the utilities provider’s stock after selling 4,490 shares during the period. Tower Research Capital LLC TRC’s holdings in NextEra Energy were worth $102,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of NEE. Berkshire Asset Management LLC PA boosted its stake in NextEra Energy by 12.6% in the first quarter. Berkshire Asset Management LLC PA now owns 1,982 shares of the utilities provider’s stock valued at $254,000 after buying an additional 222 shares during the last quarter. Doyle Wealth Management acquired a new stake in NextEra Energy during the first quarter valued at $3,786,000. Cribstone Capital Management LLC boosted its stake in NextEra Energy by 54.6% in the first quarter. Cribstone Capital Management LLC now owns 1,939 shares of the utilities provider’s stock valued at $250,000 after buying an additional 685 shares during the last quarter. Torch Wealth Management LLC boosted its stake in NextEra Energy by 4.1% in the first quarter. Torch Wealth Management LLC now owns 14,500 shares of the utilities provider’s stock valued at $1,861,000 after buying an additional 575 shares during the last quarter. Finally, Norway Savings Bank boosted its stake in NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock valued at $172,000 after buying an additional 18 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE NEE) traded up 0.13% during trading on Wednesday, hitting $149.25. The company had a trading volume of 316,137 shares. The stock has a market capitalization of $70.03 billion, a P/E ratio of 17.09 and a beta of 0.32. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $149.69. The firm’s 50 day moving average is $143.65 and its 200-day moving average is $135.71.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.10. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 EPS. Equities research analysts anticipate that NextEra Energy, Inc. will post $6.72 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given 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 2.64%. NextEra Energy’s payout ratio is 45.02%.
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Several analysts have weighed in on NEE shares. BidaskClub cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) started coverage on NextEra Energy in a report on Monday, July 24th. They issued a “buy” rating and a $160.00 price target on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $144.00 price target on shares of NextEra Energy in a report on Tuesday, May 2nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $156.00 price target (up previously from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. Finally, Morgan Stanley raised their price target on NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a report on Monday, May 8th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. NextEra Energy currently has an average rating of “Buy” and an average target price of $148.64.
In related news, Director Eric E. Silagy sold 8,111 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was 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 owns 26,884 shares in the company, valued at approximately $3,779,352.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James L. Robo sold 52,320 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $136.48, for a total value of $7,140,633.60. 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 in the last three months. 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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