Bainco International Investors Has $10.26 Million Position in NextEra Energy Inc (NEE)
Bainco International Investors increased its stake in NextEra Energy Inc (NYSE:NEE) by 4.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 69,984 shares of the utilities provider’s stock after purchasing an additional 3,090 shares during the quarter. NextEra Energy makes up 1.2% of Bainco International Investors’ investment portfolio, making the stock its 21st largest holding. Bainco International Investors’ holdings in NextEra Energy were worth $10,256,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its position in NextEra Energy by 3,384.2% in the 1st quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after buying an additional 36,747,599 shares during the period. Janus Henderson Group PLC increased its position in NextEra Energy by 2,832.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock worth $252,287,000 after buying an additional 1,738,989 shares during the period. Vanguard Group Inc. increased its position in NextEra Energy by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock worth $4,785,120,000 after buying an additional 1,503,907 shares during the period. Principal Financial Group Inc. increased its position in NextEra Energy by 122.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock worth $207,281,000 after buying an additional 814,478 shares during the period. Finally, BT Investment Management Ltd bought a new position in NextEra Energy in the 2nd quarter worth approximately $96,214,000. Hedge funds and other institutional investors own 75.63% of the company’s stock.
In other NextEra Energy news, EVP Joseph T. Kelliher sold 2,000 shares of the company’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Charles E. Sieving sold 30,485 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total value of $4,467,881.60. Following the completion of the sale, the executive vice president now owns 78,167 shares in the company, valued at $11,456,155.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,385 shares of company stock worth $9,748,482. 0.53% of the stock is currently owned by company insiders.
Several brokerages have commented on NEE. Morgan Stanley lifted their price target on NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a research report on Thursday, August 10th. J P Morgan Chase & Co began coverage on NextEra Energy in a research report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price target on the stock. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a research report on Tuesday, October 10th. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research report on Thursday, October 12th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $156.00 price target on shares of NextEra Energy in a research report on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $155.38.
NextEra Energy Inc (NYSE NEE) traded up $0.79 on Wednesday, hitting $157.79. The stock had a trading volume of 1,237,200 shares, compared to its average volume of 1,676,285. The company has a market capitalization of $73,980.00, a PE ratio of 23.39, a PEG ratio of 3.10 and a beta of 0.31. The company has a current ratio of 0.61, a quick ratio of 0.49 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 released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. The business had revenue of $4.81 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the business posted $1.74 earnings per share. analysts anticipate that NextEra Energy Inc will post 6.73 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders 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 dividend yield of 2.49%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is presently 44.16%.
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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