NextEra Energy, Inc. (NEE) Holdings Raised by Global X Management Co. LLC
Global X Management Co. LLC raised its position in NextEra Energy, Inc. (NYSE:NEE) by 38.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,385 shares of the utilities provider’s stock after purchasing an additional 1,780 shares during the period. Global X Management Co. LLC’s holdings in NextEra Energy were worth $895,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of 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 purchasing an additional 71 shares during the last quarter. Ruggie Capital Group purchased a new stake in shares of NextEra Energy in the 1st quarter valued at approximately $191,000. Winslow Evans & Crocker Inc. increased its position in shares of NextEra Energy by 12.0% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,395 shares of the utilities provider’s stock valued at $195,000 after purchasing an additional 149 shares during the last quarter. Oarsman Capital Inc. purchased a new stake in shares of NextEra Energy in the 1st quarter valued at approximately $200,000. Finally, CCM Investment Advisers LLC purchased a new stake in shares of NextEra Energy in the 1st quarter valued at approximately $200,000. 75.41% of the stock is currently owned by institutional investors.
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Shares of NextEra Energy, Inc. (NYSE NEE) opened at 146.36 on Monday. The firm has a market cap of $68.68 billion, a PE ratio of 16.76 and a beta of 0.33. The company’s 50-day moving average is $148.97 and its 200-day moving average is $139.72. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $151.60.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.10. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The firm’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.67 earnings per share. Analysts forecast that NextEra Energy, Inc. will post $6.73 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were issued a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Wednesday, August 23rd. NextEra Energy’s dividend payout ratio is presently 45.02%.
In other NextEra Energy news, EVP John W. Ketchum sold 2,900 shares of NextEra Energy stock in a transaction on Monday, September 18th. The shares were sold at an average price of $150.00, for a total value of $435,000.00. Following the completion of the transaction, the executive vice president now owns 18,786 shares of the company’s stock, valued at $2,817,900. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James L. Robo sold 30,000 shares of NextEra Energy 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 disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.
Several brokerages have recently issued reports on NEE. Morgan Stanley upped their target price on shares of NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Wells Fargo & Co restated an “outperform” rating and issued a $158.00 target price (up previously from $150.00) on shares of NextEra Energy in a report on Monday, June 19th. BidaskClub cut shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Royal Bank Of Canada restated an “outperform” rating and issued a $147.00 target price (up previously from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. Finally, J P Morgan Chase & Co began coverage on shares of NextEra Energy in a report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $151.15.
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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