AXS Investments LLC cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 35.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 845 shares of the utilities provider’s stock after selling 461 shares during the quarter. AXS Investments LLC’s holdings in NextEra Energy were worth $63,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. White Pine Capital LLC boosted its position in NextEra Energy by 0.8% during the 1st quarter. White Pine Capital LLC now owns 16,348 shares of the utilities provider’s stock valued at $1,260,000 after acquiring an additional 135 shares in the last quarter. Wimmer Associates 1 LLC grew its stake in NextEra Energy by 3.6% in the first quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock valued at $305,000 after purchasing an additional 135 shares during the last quarter. TrinityPoint Wealth LLC raised its holdings in NextEra Energy by 0.5% in the first quarter. TrinityPoint Wealth LLC now owns 29,427 shares of the utilities provider’s stock worth $2,268,000 after purchasing an additional 138 shares in the last quarter. Barden Capital Management Inc. lifted its position in shares of NextEra Energy by 1.5% during the first quarter. Barden Capital Management Inc. now owns 9,115 shares of the utilities provider’s stock valued at $703,000 after buying an additional 139 shares during the last quarter. Finally, Kolinsky Wealth Management LLC boosted its holdings in shares of NextEra Energy by 2.1% in the 1st quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock valued at $514,000 after buying an additional 139 shares in the last quarter. 76.48% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research firms recently commented on NEE. Morgan Stanley decreased their target price on shares of NextEra Energy from $91.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, October 25th. Royal Bank of Canada lowered their price objective on NextEra Energy from $90.00 to $89.00 and set an “outperform” rating for the company in a research report on Wednesday, September 6th. Evercore ISI decreased their price target on NextEra Energy from $80.00 to $66.00 and set an “in-line” rating for the company in a research note on Friday, October 20th. Mizuho dropped their price target on NextEra Energy from $91.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, September 28th. Finally, The Goldman Sachs Group cut their price objective on shares of NextEra Energy from $83.00 to $72.00 and set a “buy” rating on the stock in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $74.31.
Insider Activity at NextEra Energy
In other news, major shareholder Nextera Energy Inc purchased 3,097,524 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The shares were bought at an average price of $24.21 per share, for a total transaction of $74,991,056.04. Following the completion of the transaction, the insider now owns 4,097,524 shares in the company, valued at $99,201,056.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.38% of the company’s stock.
NextEra Energy Price Performance
NYSE:NEE opened at $57.37 on Monday. The firm’s fifty day moving average is $58.16 and its two-hundred day moving average is $67.32. The firm has a market cap of $117.71 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 2.23 and a beta of 0.54. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.43 and a current ratio of 0.50. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $88.61.
NextEra Energy (NYSE:NEE – Get Free Report) last issued its earnings results on Tuesday, October 24th. The utilities provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.08. The firm had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $7.07 billion. NextEra Energy had a return on equity of 12.15% and a net margin of 27.82%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 earnings per share. Research analysts expect that NextEra Energy, Inc. will post 3.12 EPS for the current year.
NextEra Energy Announces Dividend
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 issued a dividend of $0.4675 per share. This represents a $1.87 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is 49.47%.
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, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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