Pring Turner Capital Group Inc. Lowers Stake in NextEra Energy, Inc. (NYSE:NEE)
Pring Turner Capital Group Inc. lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,200 shares of the utilities provider’s stock after selling 40 shares during the period. Pring Turner Capital Group Inc.’s holdings in NextEra Energy were worth $282,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Highland Capital Management LLC increased its stake in shares of NextEra Energy by 6.4% in the first quarter. Highland Capital Management LLC now owns 2,427 shares of the utilities provider’s stock valued at $312,000 after buying an additional 145 shares during the period. Pennsylvania Trust Co increased its stake in shares of NextEra Energy by 0.8% in the first quarter. Pennsylvania Trust Co now owns 161,223 shares of the utilities provider’s stock valued at $20,696,000 after buying an additional 1,252 shares during the period. Carroll Financial Associates Inc. increased its stake in shares of NextEra Energy by 5.1% in the first quarter. Carroll Financial Associates Inc. now owns 2,890 shares of the utilities provider’s stock valued at $370,000 after buying an additional 140 shares during the period. National Pension Service increased its stake in shares of NextEra Energy by 4.4% in the first quarter. National Pension Service now owns 327,459 shares of the utilities provider’s stock valued at $41,957,000 after buying an additional 13,658 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of NextEra Energy by 3.6% in the first quarter. Quadrant Capital Group LLC now owns 1,806 shares of the utilities provider’s stock valued at $221,000 after buying an additional 63 shares during the period. Hedge funds and other institutional investors own 76.72% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE:NEE) traded up 0.16% on Monday, reaching $146.99. 28,479 shares of the company were exchanged. The stock has a market capitalization of $68.97 billion, a PE ratio of 16.84 and a beta of 0.32. The firm has a 50 day moving average price of $142.09 and a 200-day moving average price of $133.79. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $147.22.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, beating the Zacks’ consensus estimate of $1.76 by $0.10. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. NextEra Energy’s revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.67 EPS. On average, analysts predict that NextEra Energy, Inc. will post $6.72 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Wednesday, August 23rd. NextEra Energy’s payout ratio is currently 45.02%.
COPYRIGHT VIOLATION WARNING: This article was posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at https://www.dailypolitical.com/2017/08/07/pring-turner-capital-group-inc-lowers-stake-in-nextera-energy-inc-nysenee.html.
Several brokerages have issued reports on NEE. Goldman Sachs Group, Inc. (The) started coverage on shares of NextEra Energy in a research report on Monday, July 24th. They set a “buy” rating and a $160.00 price objective for the company. 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 report on Friday, June 23rd. 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 report on Monday, June 19th. 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 report on Sunday, July 9th. Finally, BidaskClub downgraded shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $148.18.
In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Eric E. Silagy sold 8,111 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the completion of the sale, the director now owns 26,884 shares in the company, valued at $3,779,352.72. The disclosure for this sale can be found here. Insiders have sold a total of 90,431 shares of company stock worth $12,692,378 over 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.
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.