NextEra Energy, Inc. (NEE) Position Lifted by Douglass Winthrop Advisors LLC
Douglass Winthrop Advisors LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,808 shares of the utilities provider’s stock after acquiring an additional 800 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in NextEra Energy were worth $2,495,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its stake in NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock valued at $4,856,682,000 after acquiring an additional 36,747,599 shares during the last quarter. Wellington Management Group LLP increased its stake in NextEra Energy by 0.8% in the first quarter. Wellington Management Group LLP now owns 19,961,544 shares of the utilities provider’s stock valued at $2,562,463,000 after acquiring an additional 167,275 shares during the last quarter. FMR LLC increased its stake in NextEra Energy by 0.4% in the first quarter. FMR LLC now owns 7,680,705 shares of the utilities provider’s stock valued at $985,973,000 after acquiring an additional 30,135 shares during the last quarter. Geode Capital Management LLC increased its stake in NextEra Energy by 7.9% in the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock valued at $586,925,000 after acquiring an additional 336,562 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in NextEra Energy by 11.3% in the first quarter. Alliancebernstein L.P. now owns 3,067,768 shares of the utilities provider’s stock valued at $393,809,000 after acquiring an additional 310,903 shares during the last quarter. 75.41% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP John W. Ketchum sold 2,900 shares of the 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 transaction, the executive vice president now owns 18,786 shares of the company’s stock, valued at approximately $2,817,900. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James L. Robo sold 30,000 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total transaction of $4,411,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,385 shares of company stock worth $9,314,382. 0.53% of the stock is owned by insiders.
A number of research analysts recently issued reports on the stock. KeyCorp reissued a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a research note on Friday, September 1st. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Morgan Stanley lifted their price objective on shares of NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, September 8th. J P Morgan Chase & Co assumed coverage on shares of NextEra Energy in a research note on Thursday, September 7th. They set an “overweight” rating and a $173.00 target price on the stock. Finally, BidaskClub raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $153.09.
Shares of NextEra Energy, Inc. (NYSE NEE) opened at 148.57 on Thursday. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $151.60. The company has a 50 day moving average of $148.83 and a 200 day moving average of $140.97. The company has a market cap of $69.71 billion, a PE ratio of 17.02 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.10. The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the company posted $1.67 EPS. On average, analysts expect that NextEra Energy, Inc. will post $6.73 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were issued a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a dividend yield of 2.65%. The ex-dividend date was Wednesday, August 23rd. NextEra Energy’s dividend payout ratio is currently 45.02%.
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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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