Sii Investments Inc. WI Has $1,980,000 Stake in NextEra Energy Inc. (NEE)
Sii Investments Inc. WI lowered its stake in NextEra Energy Inc. (NYSE:NEE) by 2.8% during the second quarter, Holdings Channel reports. The fund owned 15,187 shares of the company’s stock after selling 444 shares during the period. Sii Investments Inc. WI’s holdings in NextEra Energy were worth $1,980,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the company. Global X Management Co. LLC boosted its stake in NextEra Energy by 242.3% in the second quarter. Global X Management Co. LLC now owns 818 shares of the company’s stock worth $107,000 after buying an additional 579 shares during the period. Riggs Asset Managment Co. Inc. boosted its stake in NextEra Energy by 378.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 948 shares of the company’s stock worth $124,000 after buying an additional 750 shares during the period. Jackson Grant Investment Advisers Inc. boosted its stake in NextEra Energy by 7.0% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,080 shares of the company’s stock worth $141,000 after buying an additional 71 shares during the period. Cribstone Capital Management LLC purchased a new stake in NextEra Energy during the second quarter worth about $149,000. Finally, Vigilant Capital Management LLC boosted its stake in NextEra Energy by 121.9% in the second quarter. Vigilant Capital Management LLC now owns 1,238 shares of the company’s stock worth $161,000 after buying an additional 680 shares during the period. 74.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NextEra Energy Inc. (NYSE:NEE) traded up 0.66% during mid-day trading on Tuesday, hitting $125.56. 234,621 shares of the company were exchanged. The firm has a market capitalization of $58.01 billion, a P/E ratio of 22.47 and a beta of 0.33. The company’s 50-day moving average price is $124.56 and its 200-day moving average price is $122.02. NextEra Energy Inc. has a 12-month low of $95.84 and a 12-month high of $131.98.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.10. NextEra Energy had a net margin of 15.36% and a return on equity of 11.82%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the prior year, the business earned $1.56 EPS. NextEra Energy’s quarterly revenue was down 12.4% on a year-over-year basis. Equities research analysts predict that NextEra Energy Inc. will post $6.20 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, August 30th were paid a $0.87 dividend. The ex-dividend date was Friday, August 26th. This represents a $3.48 dividend on an annualized basis and a yield of 2.79%. NextEra Energy’s dividend payout ratio (DPR) is currently 62.59%.
A number of equities research analysts have issued reports on the stock. Deutsche Bank AG restated a “buy” rating and set a $123.00 price target on shares of NextEra Energy in a report on Wednesday, June 1st. Bank of America Corp. restated a “buy” rating and set a $144.00 price target on shares of NextEra Energy in a report on Tuesday, May 24th. Wells Fargo & Co. restated a “buy” rating on shares of NextEra Energy in a report on Monday, May 23rd. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Finally, Goldman Sachs Group Inc. restated a “conviction-buy” rating on shares of NextEra Energy in a report on Wednesday, June 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of C$129.07.
In other NextEra Energy news, VP Chris N. Froggatt sold 16,467 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of C$127.61, for a total value of C$2,101,353.87. Following the completion of the sale, the vice president now owns 22,916 shares of the company’s stock, valued at approximately C$2,924,310.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Paul I. Cutler sold 4,796 shares of the business’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of C$130.00, for a total transaction of C$623,480.00. Following the completion of the sale, the treasurer now directly owns 69,977 shares of the company’s stock, valued at approximately C$9,097,010. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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