HighPoint Advisor Group LLC Buys New Stake in NextEra Energy Inc. (NEE)
HighPoint Advisor Group LLC bought a new stake in shares of NextEra Energy Inc. (NYSE:NEE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,580 shares of the company’s stock, valued at approximately $1,208,000.
A number of other hedge funds have also added to or reduced their stakes in NEE. Vanguard Group Inc. raised its stake in NextEra Energy by 2.7% in the second quarter. Vanguard Group Inc. now owns 32,849,202 shares of the company’s stock valued at $4,283,536,000 after buying an additional 853,186 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of NextEra Energy by 14.6% in the first quarter. Wellington Management Group LLP now owns 19,485,140 shares of the company’s stock valued at $2,305,872,000 after buying an additional 2,480,652 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of NextEra Energy by 2.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 12,778,799 shares of the company’s stock valued at $1,512,243,000 after buying an additional 273,160 shares during the period. BlackRock Fund Advisors increased its stake in shares of NextEra Energy by 4.9% in the first quarter. BlackRock Fund Advisors now owns 8,900,844 shares of the company’s stock valued at $1,053,326,000 after buying an additional 419,499 shares during the period. Finally, BlackRock Group LTD increased its stake in shares of NextEra Energy by 9.4% in the first quarter. BlackRock Group LTD now owns 4,778,848 shares of the company’s stock valued at $565,529,000 after buying an additional 411,972 shares during the period. 74.52% of the stock is owned by institutional investors and hedge funds.
Shares of NextEra Energy Inc. (NYSE:NEE) opened at 127.84 on Thursday. The company has a market capitalization of $59.06 billion, a P/E ratio of 22.88 and a beta of 0.33. NextEra Energy Inc. has a one year low of $95.84 and a one year high of $131.98. The firm has a 50-day moving average of $124.47 and a 200-day moving average of $122.14.
NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 27th. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.10. The business earned $3.82 billion during the quarter, compared to the consensus estimate of $4.33 billion. NextEra Energy had a net margin of 15.36% and a return on equity of 11.82%. The company’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.56 EPS. Equities research analysts expect that NextEra Energy Inc. will post $6.20 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, August 30th were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Friday, August 26th. NextEra Energy’s dividend payout ratio is presently 62.59%.
Several equities research analysts recently commented on the stock. Deutsche Bank AG restated a “buy” rating and issued a $123.00 price target on shares of NextEra Energy in a research report on Wednesday, June 1st. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Morgan Stanley assumed coverage on shares of NextEra Energy in a research report on Wednesday, June 29th. They issued a “hold” rating and a $146.00 price target for the company. Mizuho upped their price target on shares of NextEra Energy from $125.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, July 18th. Finally, BMO Capital Markets restated a “buy” rating and issued a $135.00 price target on shares of NextEra Energy in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. NextEra Energy presently has a consensus rating of “Buy” and a consensus price target of C$129.07.
In other NextEra Energy news, Treasurer Paul I. Cutler sold 4,796 shares of the stock in a transaction that occurred on 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 owns 69,977 shares of the company’s stock, valued at approximately C$9,097,010. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Chris N. Froggatt sold 16,467 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of C$127.61, for a total transaction of C$2,101,353.87. Following the sale, the vice president now directly owns 22,916 shares of the company’s stock, valued at approximately C$2,924,310.76. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.
NextEra Energy Company Profile
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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