Douglass Winthrop Advisors LLC Has $2.50 Million Holdings in NextEra Energy, Inc. (NEE)
Douglass Winthrop Advisors LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,808 shares of the utilities provider’s stock after buying an additional 800 shares during the period. Douglass Winthrop Advisors LLC’s holdings in NextEra Energy were worth $2,495,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in NEE. BlackRock Inc. lifted its holdings in NextEra Energy by 3,384.2% during the 1st quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after purchasing an additional 36,747,599 shares during the last quarter. Wellington Management Group LLP lifted its holdings in NextEra Energy by 0.8% during the 1st quarter. Wellington Management Group LLP now owns 19,961,544 shares of the utilities provider’s stock worth $2,562,463,000 after purchasing an additional 167,275 shares during the last quarter. FMR LLC lifted its holdings in NextEra Energy by 0.4% during the 1st quarter. FMR LLC now owns 7,680,705 shares of the utilities provider’s stock worth $985,973,000 after purchasing an additional 30,135 shares during the last quarter. Geode Capital Management LLC lifted its holdings in NextEra Energy by 7.9% during the 1st quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock worth $586,925,000 after purchasing an additional 336,562 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in NextEra Energy by 11.3% during the 1st quarter. Alliancebernstein L.P. now owns 3,067,768 shares of the utilities provider’s stock worth $393,809,000 after purchasing an additional 310,903 shares during the last quarter. 75.41% of the stock is owned by institutional investors.
In related news, EVP John W. Ketchum sold 2,900 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $150.00, for a total transaction of $435,000.00. Following the completion of the transaction, the executive vice president now owns 18,786 shares of the company’s stock, valued at $2,817,900. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Joseph T. Kelliher sold 2,000 shares of the firm’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $150.00, for a total transaction of $300,000.00. The disclosure for this sale can be found here. Insiders have sold 65,385 shares of company stock valued at $9,614,382 in the last three months. 0.53% of the stock is currently owned by corporate insiders.
Shares of NextEra Energy, Inc. (NYSE:NEE) traded down 0.10% on Friday, hitting $150.55. The stock had a trading volume of 1,115,805 shares. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $152.27. The firm has a 50 day moving average of $148.67 and a 200-day moving average of $141.77. The firm has a market capitalization of $70.64 billion, a price-to-earnings ratio of 17.24 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the firm earned $1.67 earnings per share. The company’s quarterly revenue was up 15.4% on a year-over-year basis. Equities analysts predict that NextEra Energy, Inc. will post $6.74 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors 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 yield of 2.61%. NextEra Energy’s payout ratio is 45.02%.
Several research firms recently weighed in on NEE. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday. KeyCorp reiterated a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research note on Thursday. J P Morgan Chase & Co set a $169.00 price target on NextEra Energy and gave the company a “hold” rating in a research note on Thursday. Morgan Stanley lifted their price target on NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, September 8th. Finally, BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $153.75.
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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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