Colony Group LLC Raises Position in NextEra Energy, Inc. (NEE)
Colony Group LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 806.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,517 shares of the utilities provider’s stock after acquiring an additional 13,805 shares during the quarter. Colony Group LLC’s holdings in NextEra Energy were worth $2,174,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of NEE. Fox Run Management L.L.C. purchased a new stake in NextEra Energy during the second quarter valued at $1,289,000. Almanack Investment Partners LLC. raised its stake in NextEra Energy by 64.6% during the second quarter. Almanack Investment Partners LLC. now owns 2,163 shares of the utilities provider’s stock valued at $303,000 after purchasing an additional 849 shares in the last quarter. Salem Investment Counselors Inc. raised its stake in NextEra Energy by 12.7% during the first quarter. Salem Investment Counselors Inc. now owns 9,001 shares of the utilities provider’s stock valued at $1,154,000 after purchasing an additional 1,012 shares in the last quarter. NGAM Advisors L.P. raised its stake in NextEra Energy by 8.9% during the second quarter. NGAM Advisors L.P. now owns 63,026 shares of the utilities provider’s stock valued at $8,832,000 after purchasing an additional 5,175 shares in the last quarter. Finally, Capital One National Association raised its stake in NextEra Energy by 30.9% during the second quarter. Capital One National Association now owns 21,617 shares of the utilities provider’s stock valued at $3,030,000 after purchasing an additional 5,099 shares in the last quarter. Hedge funds and other institutional investors own 75.23% of the company’s stock.
In related news, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total value of $4,545,600.00. The transaction was disclosed in a 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 dated 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 transaction, the executive vice president now directly owns 78,167 shares in the company, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. Insiders sold a total of 65,385 shares of company stock worth $9,748,482 in the last ninety days. 0.53% of the stock is currently owned by insiders.
A number of equities research analysts recently issued reports on NEE shares. Goldman Sachs Group, Inc. (The) started coverage on shares of NextEra Energy in a research note on Monday, July 24th. They set a “buy” rating and a $160.00 price target on the stock. BidaskClub raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Morgan Stanley upped their price target on shares of NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, KeyCorp reaffirmed a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a research note on Friday, September 1st. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. NextEra Energy has a consensus rating of “Buy” and an average target price of $155.38.
NextEra Energy, Inc. (NEE) opened at $157.36 on Thursday. The company has a market cap of $74,510.98, a PE ratio of 23.75, a P/E/G ratio of 3.15 and a beta of 0.31. NextEra Energy, Inc. has a 12 month low of $112.63 and a 12 month high of $159.28. 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 (NYSE:NEE) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.08. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.74 EPS. analysts forecast that NextEra Energy, Inc. will post 6.73 earnings per share for the current fiscal year.
The business 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 $0.9825 dividend. This represents a $3.93 annualized dividend and a yield of 2.50%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is presently 44.16%.
COPYRIGHT VIOLATION WARNING: This report was reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.dailypolitical.com/2017/11/16/colony-group-llc-raises-position-in-nextera-energy-inc-nee.html.
About NextEra Energy
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.
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.