Highland Capital Management LLC decreased its stake in NextEra Energy, Inc. (NYSE:NEE) by 13.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,112 shares of the utilities provider’s stock after selling 315 shares during the period. Highland Capital Management LLC’s holdings in NextEra Energy were worth $296,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the company. Wade G W & Inc. boosted its stake in shares of NextEra Energy by 1.2% in the first quarter. Wade G W & Inc. now owns 10,628 shares of the utilities provider’s stock worth $1,364,000 after buying an additional 130 shares in the last quarter. Baldwin Brothers Inc. MA boosted its stake in shares of NextEra Energy by 15.2% in the first quarter. Baldwin Brothers Inc. MA now owns 13,230 shares of the utilities provider’s stock worth $1,698,000 after buying an additional 1,748 shares in the last quarter. Moody Lynn & Lieberson LLC boosted its stake in shares of NextEra Energy by 48.7% in the first quarter. Moody Lynn & Lieberson LLC now owns 2,948 shares of the utilities provider’s stock worth $378,000 after buying an additional 965 shares in the last quarter. National Investment Services Inc. WI raised its position in NextEra Energy by 14.6% in the first quarter. National Investment Services Inc. WI now owns 21,056 shares of the utilities provider’s stock valued at $2,703,000 after buying an additional 2,677 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new position in NextEra Energy during the first quarter valued at approximately $431,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.
NextEra Energy, Inc. (NYSE NEE) traded up 0.89% on Friday, reaching $149.93. 1,438,701 shares of the company’s stock were exchanged. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $150.60. The firm’s 50 day moving average is $144.37 and its 200 day moving average is $136.10. The stock has a market capitalization of $70.35 billion, a P/E ratio of 17.17 and a beta of 0.32.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the company posted $1.67 EPS. NextEra Energy’s revenue for the quarter was up 15.4% on a year-over-year basis. Analysts expect that NextEra Energy, Inc. will post $6.72 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a dividend of $0.9825 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a yield of 2.62%. NextEra Energy’s payout ratio is presently 45.02%.
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NEE has been the subject of a number of recent research reports. Barclays PLC reiterated an “overweight” rating and issued a $150.00 price target (up previously from $139.00) on shares of NextEra Energy in a research note on Sunday, April 23rd. Royal Bank Of Canada reissued a “buy” rating and set a $144.00 price objective on shares of NextEra Energy in a report on Tuesday, May 2nd. Morgan Stanley boosted their price objective on shares of NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, May 8th. BidaskClub cut shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued 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 assigned a buy rating to the stock. NextEra Energy has an average rating of “Buy” and an average target price of $148.64.
In other news, Director Eric E. Silagy sold 8,111 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the completion of the sale, the director now directly owns 26,884 shares of the company’s stock, valued at approximately $3,779,352.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total value of $4,411,500.00. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.
NextEra Energy Company 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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