Commerce Bank Buys 5,295 Shares of NextEra Energy, Inc. (NEE)
Commerce Bank boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,758 shares of the utilities provider’s stock after purchasing an additional 5,295 shares during the quarter. Commerce Bank’s holdings in NextEra Energy were worth $26,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of NEE. Waldron LP boosted its position in 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 purchasing an additional 87 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in NextEra Energy by 339.7% during the first quarter. Assenagon Asset Management S.A. now owns 11,207 shares of the utilities provider’s stock valued at $1,439,000 after purchasing an additional 8,658 shares in the last quarter. Swiss National Bank boosted its position in NextEra Energy by 26.1% during the first quarter. Swiss National Bank now owns 1,851,224 shares of the utilities provider’s stock valued at $237,642,000 after purchasing an additional 382,800 shares in the last quarter. World Asset Management Inc boosted its position in NextEra Energy by 9.8% during the first quarter. World Asset Management Inc now owns 48,324 shares of the utilities provider’s stock valued at $6,203,000 after purchasing an additional 4,313 shares in the last quarter. Finally, Morse Asset Management Inc bought a new stake in NextEra Energy during the first quarter valued at about $937,000. 75.37% of the stock is currently owned by institutional investors.
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NextEra Energy, Inc. (NEE) opened at 152.67 on Wednesday. The stock has a market capitalization of $71.39 billion, a PE ratio of 24.43 and a beta of 0.31. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $152.86. The company’s 50-day moving average price is $148.63 and its 200 day moving average price is $141.93.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data 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. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the firm earned $1.67 EPS. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, analysts forecast that NextEra Energy, Inc. will post $6.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a dividend of $0.9825 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a yield of 2.57%. NextEra Energy’s payout ratio is 45.02%.
A number of equities research analysts recently weighed in on the company. Morgan Stanley raised their price objective on NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. J P Morgan Chase & Co initiated coverage on NextEra Energy in a report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price target for the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $147.00 price target (up previously from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Finally, KeyCorp reissued a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a report on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $153.75.
In other NextEra Energy news, EVP Charles E. Sieving sold 30,485 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the completion of the sale, the executive vice president now directly owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John W. Ketchum sold 2,900 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $150.00, for a total value of $435,000.00. Following the sale, the executive vice president now directly owns 18,786 shares of the company’s stock, valued at $2,817,900. The disclosure for this sale can be found here. Insiders have sold a total of 65,385 shares of company stock valued at $9,614,382 over the last ninety days. 0.53% of the stock is owned by insiders.
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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