NextEra Energy Inc. (NEE) Stake Raised by Daiwa Securities Group Inc.
Daiwa Securities Group Inc. boosted its stake in NextEra Energy Inc. (NYSE:NEE) by 8.8% during the third quarter, Holdings Channel reports. The firm owned 78,512 shares of the company’s stock after buying an additional 6,350 shares during the period. Daiwa Securities Group Inc.’s holdings in NextEra Energy were worth $9,603,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in NEE. Schulhoff & Co. Inc. increased its stake in NextEra Energy by 8.5% in the second quarter. Schulhoff & Co. Inc. now owns 2,432 shares of the company’s stock valued at $317,000 after buying an additional 190 shares during the period. Wright Investors Service Inc. increased its stake in NextEra Energy by 8.7% in the second quarter. Wright Investors Service Inc. now owns 15,121 shares of the company’s stock valued at $1,972,000 after buying an additional 1,215 shares during the period. Willingdon Wealth Management increased its stake in NextEra Energy by 8.7% in the third quarter. Willingdon Wealth Management now owns 5,000 shares of the company’s stock valued at $611,000 after buying an additional 400 shares during the period. Badgley Phelps & Bell Inc. increased its stake in NextEra Energy by 2.5% in the second quarter. Badgley Phelps & Bell Inc. now owns 86,814 shares of the company’s stock valued at $11,321,000 after buying an additional 2,124 shares during the period. Finally, CIBC World Markets Inc. increased its stake in NextEra Energy by 640.5% in the second quarter. CIBC World Markets Inc. now owns 27,887 shares of the company’s stock valued at $3,636,000 after buying an additional 24,121 shares during the period. 72.53% of the stock is currently owned by hedge funds and other institutional investors.
NextEra Energy Inc. (NYSE:NEE) traded down 2.190% on Wednesday, reaching $114.702. 1,267,459 shares of the company’s stock were exchanged. The firm has a market capitalization of $53.60 billion, a price-to-earnings ratio of 21.679 and a beta of 0.26. NextEra Energy Inc. has a 12 month low of $96.19 and a 12 month high of $131.98. The firm has a 50-day moving average of $120.86 and a 200-day moving average of $123.62.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Monday, October 31st. The company reported $1.74 EPS for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.07. NextEra Energy had a net margin of 14.74% and a return on equity of 11.90%. The firm earned $4.81 billion during the quarter, compared to analysts’ expectations of $4.87 billion. During the same period in the previous year, the business posted $1.60 earnings per share. On average, equities analysts expect that NextEra Energy Inc. will post $6.21 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 25th will be given a dividend of $0.87 per share. The ex-dividend date is Tuesday, November 22nd. This represents a $3.48 dividend on an annualized basis and a yield of 2.97%. NextEra Energy’s dividend payout ratio (DPR) is 66.29%.
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Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, November 23rd. Mizuho reissued a “buy” rating and set a $138.00 price objective on shares of NextEra Energy in a report on Friday, October 7th. Bank of America Corp. reissued a “buy” rating and set a $149.00 price objective on shares of NextEra Energy in a report on Tuesday, September 27th. Finally, Deutsche Bank AG lowered shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price objective for the company. in a report on Friday, September 23rd. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. NextEra Energy presently has a consensus rating of “Buy” and an average target price of $129.08.
In other news, CEO Armando Pimentel, Jr. sold 5,022 shares of NextEra Energy stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $123.70, for a total transaction of $621,221.40. Following the completion of the sale, the chief executive officer now owns 72,165 shares of the company’s stock, valued at $8,926,810.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Charles E. Sieving sold 24,927 shares of NextEra Energy stock in a transaction on Monday, November 7th. The stock was sold at an average price of $123.55, for a total value of $3,079,730.85. Following the sale, the executive vice president now directly owns 47,189 shares of the company’s stock, valued at approximately $5,830,200.95. 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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