NextEra Energy, Inc. (NEE) Holdings Cut by Cortland Advisers LLC
Cortland Advisers LLC cut its position in NextEra Energy, Inc. (NYSE:NEE) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 559,500 shares of the utilities provider’s stock after selling 21,980 shares during the quarter. NextEra Energy comprises 3.8% of Cortland Advisers LLC’s investment portfolio, making the stock its 11th biggest position. Cortland Advisers LLC owned about 0.12% of NextEra Energy worth $78,403,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ffcm LLC lifted its stake in NextEra Energy by 6.6% in the 2nd quarter. Ffcm LLC now owns 17,647 shares of the utilities provider’s stock worth $2,473,000 after purchasing an additional 1,085 shares in the last quarter. Heritage Trust Co raised its position in shares of NextEra Energy by 2.0% during the 2nd quarter. Heritage Trust Co now owns 5,075 shares of the utilities provider’s stock valued at $711,000 after buying an additional 100 shares in the last quarter. Meiji Yasuda Life Insurance Co raised its position in shares of NextEra Energy by 2.5% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 28,401 shares of the utilities provider’s stock valued at $3,980,000 after buying an additional 690 shares in the last quarter. Farr Miller & Washington LLC DC raised its position in shares of NextEra Energy by 5.3% during the 2nd quarter. Farr Miller & Washington LLC DC now owns 2,436 shares of the utilities provider’s stock valued at $341,000 after buying an additional 122 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its position in shares of NextEra Energy by 37.7% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 130,124 shares of the utilities provider’s stock valued at $16,968,000 after buying an additional 35,605 shares in the last quarter. Institutional investors and hedge funds own 75.37% of the company’s stock.
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NextEra Energy, Inc. (NYSE:NEE) opened at 154.16 on Friday. The stock has a market cap of $72.34 billion, a PE ratio of 17.66 and a beta of 0.31. The company has a 50-day moving average of $149.01 and a 200-day moving average of $142.61. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $154.24.
NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the business earned $1.67 earnings per share. NextEra Energy’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, equities analysts forecast that NextEra Energy, Inc. will post $6.76 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s payout ratio is 45.02%.
In related news, EVP Charles E. Sieving sold 30,485 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the sale, the executive vice president now owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Joseph T. Kelliher sold 2,000 shares of the company’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,385 shares of company stock worth $9,614,382. 0.53% of the stock is owned by insiders.
Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. KeyCorp restated a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a research report on Thursday, October 12th. J P Morgan Chase & Co set a $169.00 price objective on shares of NextEra Energy and gave the company a “hold” rating in a research report on Thursday, October 12th. Morgan Stanley raised their price objective on shares of NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, September 8th. Finally, BidaskClub upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $153.75.
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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