NextEra Energy, Inc. (NEE) Position Decreased by Loeb Partners Corp
Loeb Partners Corp reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 53.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,000 shares of the utilities provider’s stock after selling 8,000 shares during the quarter. Loeb Partners Corp’s holdings in NextEra Energy were worth $1,026,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Hanson McClain Inc. raised its position in NextEra Energy by 6.0% in the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 43 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in NextEra Energy by 8.9% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 71 shares during the period. Archford Capital Strategies LLC grew its stake in NextEra Energy by 76.9% during the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after purchasing an additional 4,347 shares during the period. Highstreet Asset Management Inc. acquired a new stake in NextEra Energy in the second quarter valued at approximately $134,000. Finally, Atlantic Trust LLC acquired a new stake in NextEra Energy in the second quarter valued at approximately $154,000. Institutional investors and hedge funds own 74.55% of the company’s stock.
Shares of NextEra Energy, Inc. (NEE) opened at $156.05 on Friday. NextEra Energy, Inc. has a 52 week low of $112.63 and a 52 week 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. The firm has a market capitalization of $72,996.30, a PE ratio of 23.26, a PEG ratio of 3.09 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. NextEra Energy’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.74 EPS. analysts expect that NextEra Energy, Inc. will post 6.73 earnings per share for the current 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 given a $0.9825 dividend. This represents a $3.93 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is currently 44.16%.
In other news, EVP Charles E. Sieving sold 30,485 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James L. Robo sold 30,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The disclosure for this sale can be found here. Insiders sold a total of 65,385 shares of company stock valued at $9,748,482 in the last three months. Corporate insiders own 0.53% of the company’s stock.
NEE has been the subject of a number of research reports. KeyCorp reissued a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a research note on Friday, September 1st. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Morgan Stanley lifted their price target on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. Bank of America Corporation started coverage on NextEra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price target on the stock. Finally, J P Morgan Chase & Co began coverage on NextEra Energy in a report on Thursday, September 7th. They set an “overweight” rating and a $173.00 price target on the stock. 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 a consensus rating of “Buy” and an average price target of $155.38.
TRADEMARK VIOLATION WARNING: This story was reported by Daily Political and is owned by of Daily Political. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://www.dailypolitical.com/2017/11/24/nextera-energy-inc-nee-position-decreased-by-loeb-partners-corp.html.
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.