NextEra Energy, Inc. (NEE) Position Reduced by Oakbrook Investments LLC
Oakbrook Investments LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 17.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,063 shares of the utilities provider’s stock after selling 3,590 shares during the period. Oakbrook Investments LLC’s holdings in NextEra Energy were worth $2,501,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Fox Run Management L.L.C. purchased a new position in NextEra Energy during the second quarter valued at approximately $1,289,000. Almanack Investment Partners LLC. grew its stake in NextEra Energy by 64.6% in the 2nd quarter. Almanack Investment Partners LLC. now owns 2,163 shares of the utilities provider’s stock worth $303,000 after buying an additional 849 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in NextEra Energy by 12.7% in the 1st quarter. Salem Investment Counselors Inc. now owns 9,001 shares of the utilities provider’s stock worth $1,154,000 after buying an additional 1,012 shares in the last quarter. NGAM Advisors L.P. grew its stake in NextEra Energy by 8.9% in the 2nd quarter. NGAM Advisors L.P. now owns 63,026 shares of the utilities provider’s stock worth $8,832,000 after buying an additional 5,175 shares in the last quarter. Finally, Capital One National Association grew its stake in NextEra Energy by 30.9% in the 2nd quarter. Capital One National Association now owns 21,617 shares of the utilities provider’s stock worth $3,030,000 after buying an additional 5,099 shares in the last quarter. 74.55% of the stock is owned by institutional investors.
Shares of NextEra Energy, Inc. (NYSE:NEE) opened at $155.18 on Thursday. The firm has a market cap of $73,480.81, a P/E ratio of 23.42, a PEG ratio of 3.11 and a beta of 0.31. 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 1-year low of $112.63 and a 1-year high of $159.28.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.08. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $1.74 EPS. research analysts predict that NextEra Energy, Inc. will post 6.73 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a yield of 2.53%. NextEra Energy’s dividend payout ratio is currently 44.16%.
A number of equities analysts have commented 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 boosted their price target on shares of NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Royal Bank Of Canada reissued a “buy” rating and issued a $156.00 price target on shares of NextEra Energy in a research note on Tuesday, November 7th. Finally, J P Morgan Chase & Co set a $169.00 price target on shares of NextEra Energy and gave the stock a “hold” rating in a research note on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $155.38.
In related news, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total transaction of $4,545,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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. Insiders have sold a total of 65,385 shares of company stock valued at $9,748,482 over the last quarter. 0.53% of the stock is currently owned by company insiders.
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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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