Cornerstone Capital Management Holdings LLC. Has $22.36 Million Position in NextEra Energy, Inc. (NEE)
Cornerstone Capital Management Holdings LLC. trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 4.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,576 shares of the utilities provider’s stock after selling 7,139 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in NextEra Energy were worth $22,360,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of NEE. BlackRock Inc. lifted its holdings in NextEra Energy by 0.6% in the second quarter. BlackRock Inc. now owns 38,051,440 shares of the utilities provider’s stock valued at $5,332,149,000 after acquiring an additional 217,972 shares during the period. Vanguard Group Inc. lifted its holdings in NextEra Energy by 4.6% in the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after acquiring an additional 1,503,907 shares during the period. Wellington Management Group LLP lifted its holdings in NextEra Energy by 0.8% in the first quarter. Wellington Management Group LLP now owns 19,961,544 shares of the utilities provider’s stock valued at $2,562,463,000 after acquiring an additional 167,275 shares during the period. FMR LLC lifted its holdings in NextEra Energy by 1.1% in the second quarter. FMR LLC now owns 7,767,929 shares of the utilities provider’s stock valued at $1,088,520,000 after acquiring an additional 87,224 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in NextEra Energy by 7.9% in the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock valued at $586,925,000 after acquiring an additional 336,562 shares during the period. Hedge funds and other institutional investors own 75.19% of the company’s stock.
NextEra Energy, Inc. (NEE) opened at $155.16 on Friday. The stock has a market capitalization of $72,986.95, a price-to-earnings ratio of 23.26, a PEG ratio of 3.09 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $156.80.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.08. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.74 EPS. research analysts forecast that NextEra Energy, Inc. will post 6.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is presently 44.16%.
A number of research firms have commented on NEE. Goldman Sachs Group, Inc. (The) began coverage on NextEra Energy in a report on Monday, July 24th. They issued a “buy” rating and a $160.00 target price for the company. KeyCorp reissued a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a report on Thursday, October 12th. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Bank of America Corporation began coverage on NextEra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 target price for the company. Finally, Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 target price for the company in a report on Tuesday, October 10th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. NextEra Energy has an average rating of “Buy” and a consensus price target of $155.38.
In related news, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total transaction of $4,545,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles E. Sieving sold 30,485 shares of NextEra Energy stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $146.56, for a total value of $4,467,881.60. Following the sale, the executive vice president now owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,385 shares of company stock valued at $9,748,482. 0.53% of the stock is currently owned by company insiders.
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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