Bank of Hawaii reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,962 shares of the utilities provider’s stock after selling 1,227 shares during the period. Bank of Hawaii’s holdings in NextEra Energy were worth $1,921,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in NEE. Pinnacle Bank purchased a new stake in shares of NextEra Energy during the first quarter worth approximately $161,000. Baystate Wealth Management LLC boosted its stake in shares of NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock worth $174,000 after buying an additional 441 shares in the last quarter. Norway Savings Bank boosted its stake in shares of NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock worth $172,000 after buying an additional 18 shares in the last quarter. Ruggie Capital Group purchased a new stake in shares of NextEra Energy during the first quarter worth approximately $191,000. Finally, Appleton Group LLC bought a new position in shares of NextEra Energy during the first quarter valued at about $202,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE NEE) traded up 0.89% during mid-day trading on Friday, hitting $149.93. The stock had a trading volume of 1,438,701 shares. The company’s 50 day moving average price is $144.37 and its 200 day moving average price is $136.10. The stock has a market cap of $70.35 billion, a P/E ratio of 17.17 and a beta of 0.32. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $150.60.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.10. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period last year, the firm earned $1.67 EPS. Equities research analysts predict that NextEra Energy, Inc. will post $6.72 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s payout ratio is 45.02%.
A number of equities analysts recently weighed in on the company. Goldman Sachs Group, Inc. (The) assumed coverage on NextEra Energy in a report on Monday, July 24th. They issued a “buy” rating and a $160.00 price target for the company. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $147.00 price target (up previously from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. Morgan Stanley boosted their price objective on NextEra Energy from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, May 8th. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $158.00 price objective (up from $150.00) on shares of NextEra Energy in a research note on Monday, June 19th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $148.64.
In related news, Director Eric E. Silagy sold 8,111 shares of NextEra Energy stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the completion of the transaction, the director now directly owns 26,884 shares of the company’s stock, valued at approximately $3,779,352.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction dated 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. Company insiders own 0.53% of the company’s stock.
About NextEra Energy
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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