NextEra Energy, Inc. (NEE) Position Raised by Copeland Capital Management LLC
Copeland Capital Management LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 52.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,945 shares of the utilities provider’s stock after buying an additional 11,666 shares during the period. Copeland Capital Management LLC’s holdings in NextEra Energy were worth $4,756,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in NEE. Wade G W & Inc. increased its position in NextEra Energy by 1.2% in the first quarter. Wade G W & Inc. now owns 10,628 shares of the utilities provider’s stock worth $1,364,000 after buying an additional 130 shares during the last quarter. Moody Lynn & Lieberson LLC increased its position in NextEra Energy by 48.7% in the first quarter. Moody Lynn & Lieberson LLC now owns 2,948 shares of the utilities provider’s stock worth $378,000 after buying an additional 965 shares during the last quarter. National Investment Services Inc. WI increased its position in NextEra Energy by 14.6% in the first quarter. National Investment Services Inc. WI now owns 21,056 shares of the utilities provider’s stock worth $2,703,000 after buying an additional 2,677 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in NextEra Energy during the first quarter worth approximately $431,000. Finally, Reilly Herbert Faulkner III increased its position in NextEra Energy by 1.8% in the first quarter. Reilly Herbert Faulkner III now owns 32,898 shares of the utilities provider’s stock worth $4,223,000 after buying an additional 575 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.
NextEra Energy, Inc. (NYSE NEE) traded up 1.09% during mid-day trading on Friday, reaching $150.23. The company’s stock had a trading volume of 607,735 shares. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $150.52. The stock has a market capitalization of $70.49 billion, a price-to-earnings ratio of 17.21 and a beta of 0.32. The firm has a 50-day moving average of $144.09 and a 200-day moving average of $135.91.
NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, beating the Thomson Reuters’ 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%. The business’s revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 earnings per share. On average, equities research analysts expect that NextEra Energy, Inc. will post $6.72 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a dividend of $0.9825 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a dividend yield of 2.64%. NextEra Energy’s dividend payout ratio is presently 45.02%.
NEE has been the subject of a number of research analyst reports. BidaskClub cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) initiated coverage on NextEra Energy in a research report on Monday, July 24th. They issued a “buy” rating and a $160.00 target price for the company. Royal Bank Of Canada reissued a “buy” rating and issued a $144.00 target price on shares of NextEra Energy in a research report on Tuesday, May 2nd. BMO Capital Markets reissued a “buy” rating and issued a $156.00 target price (up from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. Finally, Morgan Stanley upped their target price on NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, May 8th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $148.64.
In other news, Director James L. Robo sold 30,000 shares of the business’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eric E. Silagy sold 8,111 shares of the business’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 transaction, the director now owns 26,884 shares of the company’s stock, valued at $3,779,352.72. The disclosure for this sale can be found here. 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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