NextEra Energy, Inc. (NEE) Shares Bought by Ipswich Investment Management Co. Inc.
Ipswich Investment Management Co. Inc. increased its position in NextEra Energy, Inc. (NYSE:NEE) by 7.7% during the second quarter, Holdings Channel reports. The institutional investor owned 2,100 shares of the utilities provider’s stock after buying an additional 150 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in NextEra Energy were worth $294,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in NEE. Nelson Van Denburg & Campbell Wealth Management Group LLC increased 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 acquired a new position in NextEra Energy during the first quarter worth about $161,000. Norway Savings Bank increased 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 increased 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 acquired a new position in NextEra Energy during the first quarter worth about $191,000. Hedge funds and other institutional investors own 76.72% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE NEE) traded down 0.37% during trading on Friday, reaching $147.18. 1,271,479 shares of the company’s stock traded hands. The company has a 50 day moving average price of $143.37 and a 200-day moving average price of $135.07. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $148.30. The stock has a market cap of $69.06 billion, a P/E ratio of 16.86 and a beta of 0.32.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the company earned $1.67 EPS. NextEra Energy’s quarterly revenue was up 15.4% on a year-over-year basis. On average, equities research analysts expect that NextEra Energy, Inc. will post $6.72 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.9825 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.67%. NextEra Energy’s payout ratio is 45.02%.
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A number of equities analysts recently issued reports on NEE shares. BidaskClub raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) started coverage on shares of NextEra Energy in a report on Monday, July 24th. They issued a “buy” rating and a $160.00 price objective on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $144.00 price objective on shares of NextEra Energy in a report on Tuesday, May 2nd. BMO Capital Markets reissued a “buy” rating and issued a $156.00 price objective (up previously from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. Finally, UBS AG reissued a “buy” rating and issued a $143.00 price objective (up previously from $138.00) on shares of NextEra Energy in a report on Tuesday, April 18th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. NextEra Energy presently has an average rating of “Buy” and a consensus target price of $148.64.
In other news, Director Eric E. Silagy sold 8,111 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total transaction of $4,411,500.00. 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. Corporate insiders own 0.53% of the company’s stock.
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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