Choate Investment Advisors maintained its position in NextEra Energy, Inc. (NYSE:NEE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,594 shares of the utilities provider’s stock at the end of the first quarter. Choate Investment Advisors’ holdings in NextEra Energy were worth $1,488,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. Wade G W & Inc. increased its position in NextEra Energy by 1.2% in the first quarter. Wade G W & Inc. now owns 10,628 shares of the utilities provider’s stock valued at $1,364,000 after buying an additional 130 shares during the period. Baldwin Brothers Inc. MA increased its position in NextEra Energy by 15.2% in the first quarter. Baldwin Brothers Inc. MA now owns 13,230 shares of the utilities provider’s stock valued at $1,698,000 after buying an additional 1,748 shares during the period. Moody Lynn & Lieberson LLC increased its position in NextEra Energy by 48.7% in the first quarter. Moody Lynn & Lieberson LLC now owns 2,948 shares of the utilities provider’s stock valued at $378,000 after buying an additional 965 shares during the period. National Investment Services Inc. WI increased 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 period. Finally, Quantitative Systematic Strategies LLC bought a new position in NextEra Energy during the first quarter valued at approximately $431,000. 76.82% of the stock is owned by institutional investors and hedge funds.
Shares of NextEra Energy, Inc. (NYSE:NEE) opened at 145.12 on Friday. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $145.76. The stock has a market capitalization of $67.94 billion, a PE ratio of 17.66 and a beta of 0.31. The stock’s 50 day moving average is $141.72 and its 200 day moving average is $133.19.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.10. The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. NextEra Energy’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.67 earnings per share. Analysts anticipate that NextEra Energy, Inc. will post $6.72 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a yield of 2.71%. NextEra Energy’s payout ratio is presently 45.02%.
ILLEGAL ACTIVITY WARNING: “NextEra Energy, Inc. (NYSE:NEE) Stake Maintained by Choate Investment Advisors” was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://stocknewstimes.com/2017/07/29/nextera-energy-inc-nysenee-stake-maintained-by-choate-investment-advisors.html.
NEE has been the subject of several research reports. Deutsche Bank AG reissued a “hold” rating and set a $128.00 price objective (down previously from $129.00) on shares of NextEra Energy in a report on Sunday, April 2nd. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Monday, April 3rd. BidaskClub downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of NextEra Energy in a report on Monday, July 24th. They set a “buy” rating and a $160.00 price objective for the company. Finally, BMO Capital Markets reissued a “buy” rating and set a $135.00 price objective on shares of NextEra Energy in a report on Friday, March 31st. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. NextEra Energy presently has an average rating of “Buy” and a consensus target price of $148.18.
In other NextEra Energy news, Director Eric E. Silagy sold 8,111 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 26,884 shares in the company, valued at approximately $3,779,352.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James L. Robo sold 52,320 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $136.48, for a total transaction of $7,140,633.60. The disclosure for this sale can be found here. Insiders have sold 66,111 shares of company stock worth $9,036,943 over the last 90 days. 0.53% of the stock is currently owned by company insiders.
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.
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE).
Receive News & Ratings for NextEra Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
