NextEra Energy, Inc. (NEE) Stake Lessened by Cubist Systematic Strategies LLC
Cubist Systematic Strategies LLC trimmed its stake in NextEra Energy, Inc. (NYSE:NEE) by 81.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,866 shares of the company’s stock after selling 46,343 shares during the period. Cubist Systematic Strategies LLC’s holdings in NextEra Energy were worth $1,523,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of NEE. Hanson McClain Inc. increased its position in shares of NextEra Energy by 6.0% in the second quarter. Hanson McClain Inc. now owns 763 shares of the company’s stock worth $107,000 after purchasing an additional 43 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the company’s stock worth $112,000 after purchasing an additional 71 shares during the last quarter. Highstreet Asset Management Inc. bought a new position in shares of NextEra Energy in the second quarter worth approximately $134,000. Pacific Center for Financial Services increased its position in shares of NextEra Energy by 50.1% in the second quarter. Pacific Center for Financial Services now owns 1,139 shares of the company’s stock worth $160,000 after purchasing an additional 380 shares during the last quarter. Finally, Manchester Capital Management LLC increased its position in shares of NextEra Energy by 20.5% in the second quarter. Manchester Capital Management LLC now owns 1,233 shares of the company’s stock worth $173,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 75.23% of the company’s stock.
NextEra Energy, Inc. (NEE) opened at C$155.16 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a fifty-two week low of C$110.49 and a fifty-two week high of C$156.80. The stock has a market cap of $72,986.90, a P/E ratio of 23.26, a PEG ratio of 3.09 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, October 26th. The company reported C$1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.77 by C$0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The firm had revenue of C$4.81 billion for the quarter, compared to analysts’ expectations of C$4.89 billion. During the same quarter last year, the business earned $1.74 earnings per share. The business’s revenue was up .1% on a year-over-year basis. research analysts forecast that NextEra Energy, Inc. will post 6.73 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a $0.9825 dividend. This represents a $3.93 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is 44.16%.
A number of brokerages have commented on NEE. Morgan Stanley increased their price target on shares of 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 began coverage on shares of NextEra Energy in a research report on Thursday, September 7th. They set an “overweight” rating and a $173.00 price target on the stock. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. KeyCorp reiterated a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a research report on Thursday, October 12th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a research report on Tuesday, November 7th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. NextEra Energy has an average rating of “Buy” and a consensus target price of C$155.38.
COPYRIGHT VIOLATION NOTICE: This piece was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/11/13/nextera-energy-inc-nee-stake-lessened-by-cubist-systematic-strategies-llc.html.
In other news, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of C$151.52, for a total value of C$4,545,600.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Charles E. Sieving sold 30,485 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of C$146.56, for a total transaction of C$4,467,881.60. Following the completion of the transaction, the executive vice president now owns 78,167 shares in the company, valued at approximately C$11,456,155.52. The disclosure for this sale can be found here. Insiders sold 65,385 shares of company stock worth $9,748,482 in the last 90 days. Company insiders own 0.53% of the company’s stock.
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.
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE).
Receive News & Ratings for NextEra Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.