BLB&B Advisors LLC Has $2,522,000 Position in NextEra Energy, Inc. (NEE)
BLB&B Advisors LLC maintained its stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,643 shares of the utilities provider’s stock at the end of the second quarter. BLB&B Advisors LLC’s holdings in NextEra Energy were worth $2,522,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Capital Insight Partners LLC acquired a new stake in shares of NextEra Energy during the second quarter valued at about $420,000. Meyer Handelman Co. raised its stake in shares of NextEra Energy by 7.3% in the second quarter. Meyer Handelman Co. now owns 96,450 shares of the utilities provider’s stock valued at $13,516,000 after buying an additional 6,550 shares during the last quarter. Baystate Wealth Management LLC raised its stake in shares of NextEra Energy by 11.3% in the second quarter. Baystate Wealth Management LLC now owns 1,484 shares of the utilities provider’s stock valued at $209,000 after buying an additional 151 shares during the last quarter. Bollard Group LLC raised its stake in shares of NextEra Energy by 0.7% in the second quarter. Bollard Group LLC now owns 174,014 shares of the utilities provider’s stock valued at $24,385,000 after buying an additional 1,149 shares during the last quarter. Finally, Prospera Financial Services Inc raised its stake in shares of NextEra Energy by 68.9% in the second quarter. Prospera Financial Services Inc now owns 6,404 shares of the utilities provider’s stock valued at $895,000 after buying an additional 2,613 shares during the last quarter. Institutional investors and hedge funds own 76.72% of the company’s stock.
NextEra Energy, Inc. (NYSE:NEE) traded up 0.06% on Monday, hitting $146.84. 381,125 shares of the stock traded hands. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $147.49. The firm has a market capitalization of $68.90 billion, a PE ratio of 16.82 and a beta of 0.32. The stock has a 50 day moving average of $142.09 and a 200 day moving average of $133.79.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the company posted $1.67 earnings per share. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. Equities research analysts anticipate that NextEra Energy, Inc. will post $6.72 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a yield of 2.68%. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.
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Several equities research analysts have issued reports on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of NextEra Energy in a research note on Monday, July 24th. They issued a “buy” rating and a $160.00 price target on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $147.00 price target (up from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. BidaskClub lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. BMO Capital Markets reiterated a “buy” rating and issued a $156.00 price target (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $158.00 price target (up from $150.00) on shares of NextEra Energy in a research note on Monday, June 19th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $148.18.
In other news, Director Eric E. Silagy sold 8,111 shares of NextEra Energy stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total value of $1,140,244.38. Following the completion of the transaction, the director now owns 26,884 shares in the company, valued at $3,779,352.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James L. Robo sold 52,320 shares of NextEra Energy stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $136.48, for a total transaction of $7,140,633.60. The disclosure for this sale can be found here. Insiders have sold 90,431 shares of company stock valued at $12,692,378 in the last 90 days. 0.53% of the stock is currently owned by corporate insiders.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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