NextEra Energy, Inc. (NEE) Shares Sold by Private Capital Management Inc.
Private Capital Management Inc. lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 20.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,200 shares of the utilities provider’s stock after selling 300 shares during the period. Private Capital Management Inc.’s holdings in NextEra Energy were worth $168,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of NEE. BlackRock Inc. boosted its stake in shares of NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after buying an additional 36,747,599 shares during the period. Wellington Management Group LLP boosted its stake in shares of NextEra Energy by 0.8% in the first quarter. Wellington Management Group LLP now owns 19,961,544 shares of the utilities provider’s stock worth $2,562,463,000 after buying an additional 167,275 shares during the period. FMR LLC boosted its stake in shares of NextEra Energy by 0.4% in the first quarter. FMR LLC now owns 7,680,705 shares of the utilities provider’s stock worth $985,973,000 after buying an additional 30,135 shares during the period. Geode Capital Management LLC boosted its stake in shares of NextEra Energy by 7.9% in the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock worth $586,925,000 after buying an additional 336,562 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in shares of NextEra Energy by 11.3% in the first quarter. Alliancebernstein L.P. now owns 3,067,768 shares of the utilities provider’s stock worth $393,809,000 after buying an additional 310,903 shares during the period. 76.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of NextEra Energy, Inc. (NEE) traded down 0.04% during trading on Tuesday, hitting $147.03. 357,175 shares of the stock traded hands. The firm has a market cap of $68.99 billion, a price-to-earnings ratio of 16.84 and a beta of 0.32. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $147.58. The company has a 50 day moving average price of $142.09 and a 200 day moving average price of $133.79.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the firm posted $1.67 earnings per share. NextEra Energy’s quarterly revenue was up 15.4% on a year-over-year basis. Analysts anticipate that NextEra Energy, Inc. will post $6.72 earnings per share for the current fiscal year.
The firm also recently disclosed 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 annualized dividend and a yield of 2.67%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s payout ratio is currently 45.02%.
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A number of analysts have commented on NEE shares. Deutsche Bank AG upped their price target on shares of NextEra Energy from $128.00 to $132.00 and gave the company a “hold” rating in a research report on Tuesday, April 11th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $144.00 price target on shares of NextEra Energy in a research report on Tuesday, May 2nd. BMO Capital Markets reaffirmed a “buy” rating and set a $156.00 price target (up previously from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. BidaskClub cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $150.00 price target (up previously from $139.00) on shares of NextEra Energy in a research report on Sunday, April 23rd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $148.18.
In related news, Director James L. Robo sold 52,320 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $136.48, for a total transaction of $7,140,633.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eric E. Silagy sold 8,111 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 26,884 shares in the company, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. Insiders have sold 90,431 shares of company stock worth $12,692,378 in the last three months. 0.53% of the stock is currently owned by insiders.
About NextEra Energy
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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