Weatherly Asset Management L. P. Takes $206,000 Position in NextEra Energy, Inc. (NEE)
Weatherly Asset Management L. P. acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,469 shares of the utilities provider’s stock, valued at approximately $206,000.
Other hedge funds also recently made changes to their positions in the company. Waldron LP raised its holdings in shares of NextEra Energy by 1.6% during the first quarter. Waldron LP now owns 5,510 shares of the utilities provider’s stock valued at $707,000 after acquiring an additional 87 shares in the last quarter. Benedict Financial Advisors Inc. raised its holdings in shares of NextEra Energy by 3.4% during the first quarter. Benedict Financial Advisors Inc. now owns 5,551 shares of the utilities provider’s stock valued at $713,000 after acquiring an additional 181 shares in the last quarter. Moloney Securities Asset Management LLC raised its holdings in shares of NextEra Energy by 5.7% during the first quarter. Moloney Securities Asset Management LLC now owns 5,074 shares of the utilities provider’s stock valued at $651,000 after acquiring an additional 275 shares in the last quarter. Callahan Advisors LLC raised its holdings in shares of NextEra Energy by 0.4% during the first quarter. Callahan Advisors LLC now owns 53,815 shares of the utilities provider’s stock valued at $6,908,000 after acquiring an additional 200 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. bought a new position in shares of NextEra Energy during the first quarter valued at approximately $9,459,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.
A number of equities analysts recently commented on NEE shares. Goldman Sachs Group, Inc. (The) started coverage on NextEra Energy in a report on Monday, July 24th. They set a “buy” rating and a $160.00 target price for the company. KeyCorp reiterated a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a report on Friday, September 1st. BMO Capital Markets reiterated 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. BidaskClub downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, J P Morgan Chase & Co began coverage on NextEra Energy in a report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price objective for the company. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $151.15.
In related news, Director James L. Robo sold 30,000 shares of the 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is currently owned by company insiders.
NextEra Energy, Inc. (NYSE NEE) opened at 150.09 on Friday. The firm has a 50-day moving average price of $148.82 and a 200-day moving average price of $139.33. The company has a market cap of $70.43 billion, a P/E ratio of 17.19 and a beta of 0.33. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $151.60.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.10. The company had revenue of $4.40 billion during 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%. NextEra Energy’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.67 EPS. On average, analysts forecast that NextEra Energy, Inc. will post $6.73 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were issued a $0.9825 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $3.93 annualized dividend and a dividend yield of 2.62%. NextEra Energy’s dividend payout ratio is presently 45.02%.
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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