ZWJ Investment Counsel Inc. purchased a new position in NextEra Energy, Inc. (NYSE:NEE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,777 shares of the utilities provider’s stock, valued at approximately $228,000.
Other large investors have also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. boosted its stake in shares of NextEra Energy by 18.7% in the first quarter. Koshinski Asset Management Inc. now owns 8,060 shares of the utilities provider’s stock worth $1,035,000 after buying an additional 1,268 shares during the period. Lynch & Associates IN boosted its stake in shares of NextEra Energy by 1.5% in the first quarter. Lynch & Associates IN now owns 15,044 shares of the utilities provider’s stock worth $1,931,000 after buying an additional 220 shares during the period. Union Bankshares Corp boosted its stake in shares of NextEra Energy by 2.3% in the first quarter. Union Bankshares Corp now owns 4,425 shares of the utilities provider’s stock worth $568,000 after buying an additional 100 shares during the period. GW&K Investment Management LLC boosted its stake in shares of NextEra Energy by 2.3% in the first quarter. GW&K Investment Management LLC now owns 282,196 shares of the utilities provider’s stock worth $36,226,000 after buying an additional 6,375 shares during the period. Finally, Stock Yards Bank & Trust Co. boosted its stake in shares of NextEra Energy by 0.9% in the first quarter. Stock Yards Bank & Trust Co. now owns 16,923 shares of the utilities provider’s stock worth $2,172,000 after buying an additional 146 shares during the period. Institutional investors and hedge funds own 76.84% of the company’s stock.
NextEra Energy, Inc. (NYSE:NEE) opened at 149.93 on Friday. The company has a market cap of $70.35 billion, a PE 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. The firm has a 50 day moving average price of $144.37 and a 200 day moving average price of $136.10.
NextEra Energy (NYSE:NEE) last announced 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. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period in the prior year, the business posted $1.67 earnings per share. NextEra Energy’s revenue was up 15.4% compared to the same quarter last year. On average, analysts anticipate that NextEra Energy, Inc. will post $6.72 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a $0.9825 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a yield of 2.62%. NextEra Energy’s dividend payout ratio is currently 45.02%.
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Several research firms have recently issued reports on NEE. Morgan Stanley raised their price objective on NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) began coverage on NextEra Energy in a report on Monday, July 24th. They set a “buy” rating and a $160.00 price objective on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $147.00 price objective (up previously from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $156.00 price objective (up from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $148.64.
In other NextEra Energy news, Director Eric E. Silagy sold 8,111 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total value of $1,140,244.38. Following the sale, the director now directly owns 26,884 shares in the company, valued at $3,779,352.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James L. Robo sold 30,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was 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. Corporate 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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