2,600 Shares in NextEra Energy, Inc. (NEE) Acquired by Stonebridge Capital Management Inc.
Stonebridge Capital Management Inc. bought a new stake in NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,600 shares of the utilities provider’s stock, valued at approximately $364,000.
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 lifted its position in shares of 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 valued at $112,000 after acquiring an additional 71 shares in the last quarter. Ruggie Capital Group purchased a new position in shares of NextEra Energy in the first quarter valued at approximately $191,000. Winslow Evans & Crocker Inc. lifted its position in shares of NextEra Energy by 12.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,395 shares of the utilities provider’s stock valued at $195,000 after acquiring an additional 149 shares in the last quarter. Oarsman Capital Inc. purchased a new position in shares of NextEra Energy in the first quarter valued at approximately $200,000. Finally, CCM Investment Advisers LLC purchased a new position in shares of NextEra Energy in the first quarter valued at approximately $200,000. Institutional investors and hedge funds own 75.67% of the company’s stock.
NEE has been the topic of several research reports. 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 on the stock. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a report on Friday, September 1st. BMO Capital Markets reaffirmed a “buy” rating and issued a $156.00 price target (up previously from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. BidaskClub cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $158.00 price target (up previously from $150.00) on shares of NextEra Energy in a report on Monday, June 19th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and a consensus target price of $151.15.
In related news, Director James L. Robo sold 30,000 shares of the company’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 value of $4,411,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.
Shares of NextEra Energy, Inc. (NYSE:NEE) opened at 148.18 on Thursday. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $151.60. The firm’s 50-day moving average price is $148.41 and its 200 day moving average price is $139.05. The firm has a market cap of $69.53 billion, a PE ratio of 16.97 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the company earned $1.67 EPS. NextEra Energy’s revenue was up 15.4% on a year-over-year basis. On average, equities research analysts forecast that NextEra Energy, Inc. will post $6.73 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s payout ratio is currently 45.02%.
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NextEra Energy 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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