NextEra Energy Inc (NEE) Shares Sold by FineMark National Bank & Trust
FineMark National Bank & Trust lessened its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,748 shares of the utilities provider’s stock after selling 983 shares during the period. FineMark National Bank & Trust’s holdings in NextEra Energy were worth $5,825,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new position in NextEra Energy during the second quarter worth approximately $1,289,000. Almanack Investment Partners LLC. increased its position 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 worth $303,000 after buying an additional 849 shares during the period. Salem Investment Counselors Inc. increased its position 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 worth $1,154,000 after buying an additional 1,012 shares during the period. NGAM Advisors L.P. increased its position 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 worth $8,832,000 after buying an additional 5,175 shares during the period. Finally, Capital One National Association increased its position 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 worth $3,030,000 after buying an additional 5,099 shares during the period. 75.63% of the stock is currently owned by institutional investors.
NextEra Energy Inc (NYSE NEE) traded down $0.02 during trading hours on Thursday, hitting $157.77. The stock had a trading volume of 2,088,500 shares, compared to its average volume of 1,678,077. The firm has a market capitalization of $74,224.04, a price-to-earnings ratio of 23.66, a P/E/G ratio of 3.14 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61. 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 earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.08. The business had revenue of $4.81 billion for 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%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 earnings per share. analysts expect that NextEra Energy Inc will post 6.73 earnings per share for the current fiscal year.
The business 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 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s payout ratio is currently 44.16%.
In related news, Director James L. Robo sold 30,000 shares of NextEra Energy 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Joseph T. Kelliher sold 2,000 shares of NextEra Energy stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 65,385 shares of company stock worth $9,748,482. Corporate insiders own 0.53% of the company’s stock.
Several research firms have commented on NEE. Royal Bank Of Canada reaffirmed a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a research report on Tuesday, November 7th. Bank of America began coverage on NextEra Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price target on the stock. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. KeyCorp reaffirmed a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a research report on Thursday, October 12th. Finally, J P Morgan Chase & Co set a $169.00 target price on NextEra Energy and gave the company a “hold” rating in a report on Thursday, October 12th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $155.38.
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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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