Woodstock Corp Has $9.69 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Woodstock Corp lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,528 shares of the utilities provider’s stock after selling 240 shares during the period. NextEra Energy accounts for 1.1% of Woodstock Corp’s holdings, making the stock its 28th largest holding. Woodstock Corp’s holdings in NextEra Energy were worth $9,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Sageworth Trust Co lifted its holdings in NextEra Energy by 1,794.1% in the first quarter. Sageworth Trust Co now owns 322 shares of the utilities provider’s stock valued at $25,000 after buying an additional 305 shares during the period. Your Advocates Ltd. LLP acquired a new position in NextEra Energy in the first quarter valued at $31,000. Magellan Asset Management Ltd acquired a new position in NextEra Energy in the first quarter valued at $32,000. Ahrens Investment Partners LLC acquired a new position in NextEra Energy in the first quarter valued at $35,000. Finally, Portland Hill Asset Management Ltd acquired a new position in NextEra Energy in the fourth quarter valued at $39,000. 76.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In other NextEra Energy news, Director Kirk S. Hachigian purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average cost of $67.95 per share, for a total transaction of $679,500.00. Following the purchase, the director now owns 15,000 shares of the company’s stock, valued at approximately $1,019,250. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Kirk S. Hachigian acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average price of $67.95 per share, with a total value of $679,500.00. Following the acquisition, the director now owns 15,000 shares of the company’s stock, valued at approximately $1,019,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Lawrence Camaren acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average cost of $67.85 per share, for a total transaction of $271,400.00. Following the acquisition, the director now directly owns 8,000 shares in the company, valued at approximately $542,800. The disclosure for this purchase can be found here. Corporate insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. StockNews.com assumed coverage on NextEra Energy in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Royal Bank of Canada dropped their price target on NextEra Energy from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 6th. JPMorgan Chase & Co. dropped their price target on NextEra Energy from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 30th. The Goldman Sachs Group started coverage on shares of NextEra Energy in a report on Wednesday, June 7th. They set a “buy” rating and a $90.00 price objective on the stock. Finally, Guggenheim reduced their target price on NextEra Energy from $92.00 to $86.00 in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.90.

NextEra Energy Stock Up 0.1 %

Shares of NEE stock traded up $0.09 on Friday, hitting $69.37. The stock had a trading volume of 4,330,764 shares, compared to its average volume of 8,137,195. The business has a 50 day moving average of $69.92 and a 200 day moving average of $73.43. The stock has a market cap of $140.38 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 2.63 and a beta of 0.47. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.53 and a quick ratio of 0.45. NextEra Energy, Inc. has a 12-month low of $65.36 and a 12-month high of $88.61.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, July 25th. The utilities provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.81 by $0.07. The company had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $6.68 billion. NextEra Energy had a net margin of 30.05% and a return on equity of 12.25%. During the same quarter in the prior year, the company posted $0.81 earnings per share. As a group, analysts expect that NextEra Energy, Inc. will post 3.11 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, August 30th will be given a dividend of $0.4675 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.87 dividend on an annualized basis and a yield of 2.70%. NextEra Energy’s dividend payout ratio is presently 46.29%.

NextEra Energy Company 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.