NextEra Energy, Inc. (NEE) Shares Sold by Washington Trust Bank
Washington Trust Bank reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.1% during the second quarter, Holdings Channel reports. The fund owned 17,307 shares of the utilities provider’s stock after selling 546 shares during the period. Washington Trust Bank’s holdings in NextEra Energy were worth $2,425,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after buying an additional 71 shares during the last quarter. Pinnacle Bank purchased a new position in NextEra Energy during the first quarter worth approximately $161,000. Norway Savings Bank boosted its position in NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock worth $172,000 after buying an additional 18 shares during the last quarter. Baystate Wealth Management LLC boosted its position in NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock worth $174,000 after buying an additional 441 shares during the last quarter. Finally, Ruggie Capital Group purchased a new position in NextEra Energy during the first quarter worth approximately $191,000. Institutional investors own 76.72% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE NEE) traded up 0.31% on Thursday, reaching $147.70. The company’s stock had a trading volume of 521,372 shares. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $148.19. The firm has a market capitalization of $69.31 billion, a PE ratio of 16.92 and a beta of 0.32. The firm has a 50-day moving average price of $143.02 and a 200 day moving average price of $134.77.
NextEra Energy (NYSE:NEE) last announced 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 business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 EPS. On average, analysts anticipate that NextEra Energy, Inc. will post $6.72 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a yield of 2.67%. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.
NEE has been the subject of a number of research analyst reports. BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday. Goldman Sachs Group, Inc. (The) initiated coverage on NextEra Energy in a research note on Monday, July 24th. They issued a “buy” rating and a $160.00 target price for the company. Royal Bank Of Canada restated a “buy” rating and issued a $144.00 target price on shares of NextEra Energy in a research note on Tuesday, May 2nd. BMO Capital Markets restated a “buy” rating and issued a $156.00 target price (up previously from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. Finally, UBS AG restated a “buy” rating and issued a $143.00 target price (up previously from $138.00) on shares of NextEra Energy in a research note on Tuesday, April 18th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. NextEra Energy presently has a consensus rating of “Buy” and a consensus target price of $148.18.
In other NextEra Energy news, Director Eric E. Silagy sold 8,111 shares of the stock in a transaction 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 sale, the director now owns 26,884 shares of the company’s stock, valued at approximately $3,779,352.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James L. Robo sold 52,320 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $136.48, for a total value of $7,140,633.60. 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 in the last ninety days. Insiders own 0.53% of the company’s stock.
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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