Parkside Investments LLC Decreases Position in NextEra Energy Inc (NYSE:NEE)
Parkside Investments LLC decreased its stake in shares of NextEra Energy Inc (NYSE:NEE) by 30.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,290 shares of the utilities provider’s stock after selling 4,000 shares during the quarter. Parkside Investments LLC’s holdings in NextEra Energy were worth $1,551,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Exchange Capital Management Inc. boosted its position in shares of NextEra Energy by 8.1% during the 2nd quarter. Exchange Capital Management Inc. now owns 4,247 shares of the utilities provider’s stock worth $709,000 after acquiring an additional 319 shares in the last quarter. Inverness Counsel LLC NY lifted its holdings in shares of NextEra Energy by 19.0% in the 1st quarter. Inverness Counsel LLC NY now owns 2,060 shares of the utilities provider’s stock valued at $336,000 after purchasing an additional 329 shares during the last quarter. Kovack Advisors Inc. lifted its holdings in shares of NextEra Energy by 16.8% in the 2nd quarter. Kovack Advisors Inc. now owns 2,444 shares of the utilities provider’s stock valued at $408,000 after purchasing an additional 351 shares during the last quarter. Fiera Capital Corp lifted its holdings in shares of NextEra Energy by 2.9% in the 2nd quarter. Fiera Capital Corp now owns 12,935 shares of the utilities provider’s stock valued at $2,161,000 after purchasing an additional 359 shares during the last quarter. Finally, Strategic Financial Services Inc lifted its holdings in shares of NextEra Energy by 1.0% in the 2nd quarter. Strategic Financial Services Inc now owns 38,143 shares of the utilities provider’s stock valued at $6,371,000 after purchasing an additional 363 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.
NYSE:NEE traded down $0.95 during trading hours on Friday, reaching $173.65. 1,654,277 shares of the company traded hands, compared to its average volume of 1,512,316. The stock has a market cap of $81.35 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 2.65 and a beta of 0.18. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.46 and a current ratio of 0.58. NextEra Energy Inc has a 1-year low of $144.70 and a 1-year high of $175.65.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Thursday, August 30th will be issued a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Wednesday, August 29th. NextEra Energy’s dividend payout ratio (DPR) is 66.27%.
In related news, CEO Armando Pimentel, Jr. sold 10,734 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $170.98, for a total value of $1,835,299.32. Following the transaction, the chief executive officer now directly owns 64,169 shares of the company’s stock, valued at approximately $10,971,615.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James L. Robo sold 18,000 shares of the stock in a transaction on Wednesday, September 5th. The stock was 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 have sold 45,734 shares of company stock worth $7,830,189 in the last 90 days. Insiders own 0.55% of the company’s stock.
Several analysts have commented on NEE shares. Morgan Stanley upped their price objective on NextEra Energy from $181.00 to $186.00 and gave the company a “buy” rating in a research note on Tuesday, September 11th. Mizuho initiated coverage on NextEra Energy in a research note on Monday, August 13th. They set a “buy” rating and a $184.00 price objective for the company. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 target price for the company in a research note on Wednesday, August 8th. KeyCorp increased their target price on NextEra Energy from $168.00 to $178.00 and gave the stock an “overweight” rating in a research note on Thursday, July 19th. Finally, Howard Weil assumed coverage on NextEra Energy in a research note on Tuesday, July 24th. They set a “sector perform” rating for the company. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. NextEra Energy currently has a consensus rating of “Buy” and an average target price of $168.38.
NextEra Energy Profile
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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