Snowden Capital Advisors LLC lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 3.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,112 shares of the utilities provider’s stock after selling 3,258 shares during the period. Snowden Capital Advisors LLC’s holdings in NextEra Energy were worth $7,100,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of NEE. Geode Capital Management LLC raised its holdings in shares of NextEra Energy by 2.2% during the 1st quarter. Geode Capital Management LLC now owns 35,233,291 shares of the utilities provider’s stock valued at $2,708,599,000 after purchasing an additional 749,254 shares in the last quarter. Norges Bank bought a new position in shares of NextEra Energy during the 4th quarter valued at $2,774,845,000. Moneta Group Investment Advisors LLC raised its holdings in shares of NextEra Energy by 66,613.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock valued at $2,530,055,000 after purchasing an additional 30,218,452 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of NextEra Energy by 1.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 19,626,941 shares of the utilities provider’s stock valued at $1,538,947,000 after purchasing an additional 315,356 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of NextEra Energy by 7.0% during the 4th quarter. Deutsche Bank AG now owns 13,532,957 shares of the utilities provider’s stock valued at $1,131,355,000 after purchasing an additional 882,316 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently commented on NEE. The Goldman Sachs Group began coverage on shares of NextEra Energy in a report on Wednesday, June 7th. They issued a “buy” rating and a $90.00 target price on the stock. Morgan Stanley dropped their target price on shares of NextEra Energy from $93.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, August 23rd. Guggenheim dropped their target price on shares of NextEra Energy from $92.00 to $86.00 in a report on Friday, July 7th. Royal Bank of Canada dropped their target price on shares of NextEra Energy from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Wednesday, September 6th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of NextEra Energy from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, August 30th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $87.90.
Insiders Place Their Bets
In related news, Director James Lawrence Camaren bought 4,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was bought at an average cost of $67.85 per share, with a total value of $271,400.00. Following the completion of the purchase, the director now owns 8,000 shares in the company, valued at approximately $542,800. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO John W. Ketchum purchased 13,600 shares of NextEra Energy stock in a transaction dated Wednesday, June 14th. The stock was bought at an average price of $74.26 per share, for a total transaction of $1,009,936.00. Following the completion of the acquisition, the chief executive officer now directly owns 184,485 shares of the company’s stock, valued at $13,699,856.10. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James Lawrence Camaren acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was bought at an average cost of $67.85 per share, for a total transaction of $271,400.00. Following the completion of the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at $542,800. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 27,600 shares of company stock valued at $1,960,836. Insiders own 0.38% of the company’s stock.
NextEra Energy Price Performance
NYSE:NEE traded up $0.35 on Tuesday, reaching $67.88. The stock had a trading volume of 3,196,548 shares, compared to its average volume of 8,133,582. The company has a market capitalization of $137.37 billion, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 2.54 and a beta of 0.47. NextEra Energy, Inc. has a 1-year low of $65.36 and a 1-year high of $90.47. The company has a quick ratio of 0.45, a current ratio of 0.53 and a debt-to-equity ratio of 1.14. The stock has a fifty day moving average price of $70.18 and a 200-day moving average price of $73.50.
NextEra Energy (NYSE:NEE – Get Free Report) last announced its earnings results on Tuesday, July 25th. The utilities provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. NextEra Energy had a net margin of 30.05% and a return on equity of 12.25%. The company had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. Research analysts forecast that NextEra Energy, Inc. will post 3.11 EPS for the current year.
NextEra Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, August 30th will be paid a $0.4675 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Tuesday, August 29th. NextEra Energy’s dividend payout ratio is presently 46.29%.
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, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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