NextEra Energy Inc. (NEE) Shares Sold by Greenleaf Trust
Greenleaf Trust reduced its position in NextEra Energy Inc. (NYSE:NEE) by 10.6% during the second quarter, Holdings Channel reports. The fund owned 97,087 shares of the company’s stock after selling 11,505 shares during the period. NextEra Energy accounts for approximately 0.3% of Greenleaf Trust’s holdings, making the stock its 12th largest position. Greenleaf Trust’s holdings in NextEra Energy were worth $12,660,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Cribstone Capital Management LLC bought a new stake in shares of NextEra Energy during the second quarter worth approximately $149,000. 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 valued at $161,000 after buying an additional 680 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in NextEra Energy during the second quarter valued at about $176,000. Winslow Evans & Crocker Inc. boosted its stake in NextEra Energy by 9.2% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,376 shares of the company’s stock valued at $179,000 after buying an additional 116 shares in the last quarter. Finally, Cornerstone Advisors Inc. boosted its stake in NextEra Energy by 0.4% in the second quarter. Cornerstone Advisors Inc. now owns 1,627 shares of the company’s stock valued at $212,000 after buying an additional 7 shares in the last quarter. Institutional investors and hedge funds own 74.51% of the company’s stock.
Shares of NextEra Energy Inc. (NYSE:NEE) traded down 0.37% during midday trading on Thursday, hitting $118.10. The company had a trading volume of 1,996,533 shares. NextEra Energy Inc. has a 12 month low of $96.19 and a 12 month high of $131.98. The company has a 50-day moving average of $123.78 and a 200-day moving average of $122.69. The company has a market capitalization of $54.56 billion, a PE ratio of 21.13 and a beta of 0.28.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. The company earned $3.82 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period in the previous year, the business earned $1.56 EPS. NextEra Energy’s quarterly revenue was down 12.4% on a year-over-year basis. Analysts predict that NextEra Energy Inc. will post $6.20 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, August 30th were paid a dividend of $0.87 per share. The ex-dividend date was Friday, August 26th. This represents a $3.48 annualized dividend and a yield of 2.94%. NextEra Energy’s dividend payout ratio (DPR) is currently 62.59%.
Several research firms recently issued reports on NEE. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of NextEra Energy in a research report on Wednesday, June 8th. Mizuho reiterated a “buy” rating and set a $138.00 target price on shares of NextEra Energy in a research report on Tuesday, August 30th. Deutsche Bank AG cut their target price on NextEra Energy from $134.00 to $133.00 and set a “buy” rating for the company in a research report on Thursday, July 28th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $135.00 target price on shares of NextEra Energy in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. NextEra Energy presently has an average rating of “Buy” and a consensus target price of $129.26.
In other NextEra Energy news, VP Chris N. Froggatt sold 16,467 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $127.61, for a total transaction of $2,101,353.87. Following the completion of the sale, the vice president now directly owns 22,916 shares in the company, valued at approximately $2,924,310.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.66% of the company’s stock.
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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