Keel Point LLC Raises Stake in NextEra Energy, Inc. (NEE)
Keel Point LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 1.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,502 shares of the utilities provider’s stock after buying an additional 35 shares during the period. Keel Point LLC’s holdings in NextEra Energy were worth $450,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC increased its position in NextEra Energy by 3.6% in the first quarter. Quadrant Capital Group LLC now owns 1,806 shares of the utilities provider’s stock worth $221,000 after buying an additional 63 shares during the last quarter. National Pension Service increased its position in NextEra Energy by 4.4% in the first quarter. National Pension Service now owns 327,459 shares of the utilities provider’s stock worth $41,957,000 after buying an additional 13,658 shares during the last quarter. Carroll Financial Associates Inc. increased its position in NextEra Energy by 5.1% in the first quarter. Carroll Financial Associates Inc. now owns 2,890 shares of the utilities provider’s stock worth $370,000 after buying an additional 140 shares during the last quarter. Pennsylvania Trust Co increased its position in NextEra Energy by 0.8% in the first quarter. Pennsylvania Trust Co now owns 161,223 shares of the utilities provider’s stock worth $20,696,000 after buying an additional 1,252 shares during the last quarter. Finally, Highland Capital Management LLC increased its position in NextEra Energy by 6.4% in the first quarter. Highland Capital Management LLC now owns 2,427 shares of the utilities provider’s stock worth $312,000 after buying an additional 145 shares during the last quarter. Institutional investors and hedge funds own 76.72% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE:NEE) traded down 0.07% on Thursday, hitting $147.13. The stock had a trading volume of 270,813 shares. The company has a 50-day moving average of $143.02 and a 200 day moving average of $134.77. The company has a market capitalization of $69.04 billion, a price-to-earnings ratio of 16.85 and a beta of 0.32. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $148.19.
NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.10. The company had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. NextEra Energy’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 earnings per share. On average, equities research analysts predict that NextEra Energy, Inc. will post $6.72 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a $0.9825 dividend. This represents a $3.93 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio is presently 45.02%.
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A number of research analysts recently issued reports on NEE shares. UBS AG reiterated a “buy” rating and set a $143.00 price objective (up from $138.00) on shares of NextEra Energy in a report on Tuesday, April 18th. Barclays PLC reiterated an “overweight” rating and set a $150.00 price objective (up from $139.00) on shares of NextEra Energy in a report on Sunday, April 23rd. Royal Bank Of Canada restated a “buy” rating and issued a $144.00 price target on shares of NextEra Energy in a research note on Tuesday, May 2nd. Morgan Stanley raised their price target on NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, May 8th. Finally, BidaskClub downgraded NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $148.18.
In other news, Director Eric E. Silagy sold 8,111 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was 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 directly owns 26,884 shares of the company’s stock, valued at $3,779,352.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James L. Robo sold 30,000 shares of the company’s 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,431 shares of company stock valued at $12,692,378. 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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