Grandfield & Dodd LLC Maintains Position in NextEra Energy Inc. (NEE)
Grandfield & Dodd LLC maintained its stake in shares of NextEra Energy Inc. (NYSE:NEE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,261 shares of the company’s stock at the end of the second quarter. Grandfield & Dodd LLC’s holdings in NextEra Energy were worth $686,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Cribstone Capital Management LLC acquired a new stake in shares of NextEra Energy during the second quarter worth approximately $149,000. Vigilant Capital Management LLC boosted its stake in shares of 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 last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of NextEra Energy during the second quarter worth approximately $176,000. Winslow Evans & Crocker Inc. boosted its stake in shares of NextEra Energy by 9.2% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,376 shares of the company’s stock worth $179,000 after buying an additional 116 shares during the last quarter. Finally, Shufro Rose & Co. LLC acquired a new stake in shares of NextEra Energy during the first quarter worth approximately $201,000. Institutional investors own 74.51% of the company’s stock.
NextEra Energy Inc. (NYSE:NEE) traded down 0.30% during midday trading on Wednesday, hitting $118.54. 2,067,316 shares of the stock traded hands. NextEra Energy Inc. has a 52-week low of $96.19 and a 52-week high of $131.98. The company has a market cap of $54.76 billion, a price-to-earnings ratio of 21.21 and a beta of 0.28. The firm’s 50-day moving average is $123.93 and its 200-day moving average is $122.72.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.67 EPS for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.10. The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $4.33 billion. NextEra Energy had a net margin of 15.36% and a return on equity of 11.82%. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.56 earnings per share. Analysts predict that NextEra Energy Inc. will post $6.20 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Friday, August 26th. NextEra Energy’s payout ratio is presently 62.59%.
Several research firms have issued reports on NEE. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Morgan Stanley began coverage on shares of NextEra Energy in a research note on Wednesday, June 29th. They issued a “hold” rating and a $146.00 target price on the stock. Bank of America Corp. reiterated a “buy” rating and issued a $149.00 target price on shares of NextEra Energy in a research note on Tuesday, September 27th. Mizuho increased their target price on shares of NextEra Energy from $125.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, July 18th. Finally, Deutsche Bank AG cut shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 target price on the stock. in a research note on Friday, September 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of C$129.26.
In other news, VP Chris N. Froggatt sold 16,467 shares of the company’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 transaction, the vice president now directly owns 22,916 shares in the company, valued at C$2,924,310.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.66% of the stock is currently owned by insiders.
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.
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc. (NYSE:NEE).
Receive News & Ratings for NextEra Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.