NextEra Energy Inc (NEE) Holdings Reduced by Derby & Company Inc.
Derby & Company Inc. lowered its holdings in NextEra Energy Inc (NYSE:NEE) by 11.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,709 shares of the utilities provider’s stock after selling 500 shares during the quarter. NextEra Energy comprises about 0.4% of Derby & Company Inc.’s investment portfolio, making the stock its 20th largest position. Derby & Company Inc.’s holdings in NextEra Energy were worth $620,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Orleans Capital Management Corp LA raised its position in shares of NextEra Energy by 3.3% during the second quarter. Orleans Capital Management Corp LA now owns 15,408 shares of the utilities provider’s stock worth $2,574,000 after acquiring an additional 490 shares during the last quarter. Garde Capital Inc. raised its position in shares of NextEra Energy by 13.9% during the second quarter. Garde Capital Inc. now owns 6,720 shares of the utilities provider’s stock worth $1,122,000 after acquiring an additional 820 shares during the last quarter. Atlantic Trust LLC bought a new stake in shares of NextEra Energy during the second quarter worth $184,000. WINTON GROUP Ltd raised its position in shares of NextEra Energy by 41.4% during the second quarter. WINTON GROUP Ltd now owns 76,899 shares of the utilities provider’s stock worth $12,844,000 after acquiring an additional 22,516 shares during the last quarter. Finally, Andra AP fonden raised its position in shares of NextEra Energy by 42.0% during the second quarter. Andra AP fonden now owns 52,100 shares of the utilities provider’s stock worth $8,702,000 after acquiring an additional 15,400 shares during the last quarter. 76.24% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently weighed in on the company. Barclays assumed coverage on NextEra Energy in a research report on Tuesday, July 10th. They set an “equal weight” rating and a $182.00 target price for the company. Wells Fargo & Co boosted their target price on NextEra Energy from $180.00 to $191.00 and gave the stock an “outperform” rating in a research report on Monday. ValuEngine upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Morgan Stanley boosted their target price on NextEra Energy from $181.00 to $186.00 and gave the stock a “buy” rating in a research report on Tuesday, September 11th. Finally, Scotiabank assumed coverage on NextEra Energy in a research report on Tuesday, July 24th. They set a “hold” rating and a $70.00 target price for the company. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. NextEra Energy currently has an average rating of “Buy” and a consensus price target of $170.00.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 25th. The utilities provider reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.05. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.51 billion. NextEra Energy had a return on equity of 10.49% and a net margin of 49.10%. The firm’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.86 earnings per share. equities research analysts predict that NextEra Energy Inc will post 7.76 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 17th. Investors of record on Thursday, August 30th were issued a $1.11 dividend. The ex-dividend date of this dividend was Wednesday, August 29th. This represents a $4.44 dividend on an annualized basis and a yield of 2.56%. NextEra Energy’s dividend payout ratio is presently 66.27%.
In related news, Treasurer Paul I. Cutler sold 7,639 shares of the company’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $173.30, for a total value of $1,323,838.70. Following the completion of the sale, the treasurer now owns 98,914 shares in the company, valued at $17,141,796.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James L. Robo sold 18,000 shares of the company’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $170.69, for a total value of $3,072,420.00. The disclosure for this sale can be found here. Insiders sold 61,408 shares of company stock valued at $10,546,494 in the last quarter. 0.55% of the stock is currently owned by corporate insiders.
About NextEra Energy
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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