NextEra Energy, Inc. (NEE) Shares Bought by State of Alaska Department of Revenue
State of Alaska Department of Revenue boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 18.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 24,306 shares of the utilities provider’s stock after acquiring an additional 3,829 shares during the quarter. State of Alaska Department of Revenue’s holdings in NextEra Energy were worth $3,405,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in NextEra Energy by 8.9% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after acquiring an additional 71 shares during the period. Burns J W & Co. Inc. NY acquired a new stake in NextEra Energy during the 2nd quarter worth $204,000. Ruggie Capital Group acquired a new stake in NextEra Energy during the 1st quarter worth $191,000. Oarsman Capital Inc. acquired a new stake in NextEra Energy during the 1st quarter worth $200,000. Finally, Appleton Group LLC acquired a new stake in NextEra Energy during the 1st quarter worth $202,000. 75.67% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director James L. Robo sold 30,000 shares of the stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is owned by company insiders.
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Several brokerages have issued reports on NEE. Morgan Stanley lifted their target price on shares of NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $158.00 target price (up previously from $150.00) on shares of NextEra Energy in a research note on Monday, June 19th. BidaskClub cut shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $147.00 target price (up previously from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. Finally, J P Morgan Chase & Co began coverage on shares of NextEra Energy in a research note on Thursday, September 7th. They set an “overweight” rating and a $173.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $151.15.
NextEra Energy, Inc. (NYSE:NEE) traded down 0.42% on Wednesday, hitting $148.50. The stock had a trading volume of 719,578 shares. The stock has a market cap of $69.68 billion, a price-to-earnings ratio of 17.01 and a beta of 0.33. The stock’s 50 day moving average is $148.41 and its 200 day moving average is $139.05. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $151.60.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.10. The business had revenue of $4.40 billion for 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 for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.67 earnings per share. Analysts anticipate that NextEra Energy, Inc. will post $6.73 earnings per share for the current year.
The business 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 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Wednesday, August 23rd. NextEra Energy’s payout ratio is currently 45.02%.
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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