Steinberg Global Asset Management held its stake in NextEra Energy, Inc. (NYSE:NEE) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,140 shares of the utilities provider’s stock at the end of the first quarter. Steinberg Global Asset Management’s holdings in NextEra Energy were worth $275,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of NEE. Dowling & Yahnke LLC boosted its stake in NextEra Energy by 0.5% in the first quarter. Dowling & Yahnke LLC now owns 1,779 shares of the utilities provider’s stock valued at $228,000 after buying an additional 9 shares during the last quarter. Genesee Valley Trust Co. boosted its stake in NextEra Energy by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 3,133 shares of the utilities provider’s stock valued at $402,000 after buying an additional 10 shares during the last quarter. Beese Fulmer Investment Management Inc. boosted its stake in NextEra Energy by 0.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 2,199 shares of the utilities provider’s stock valued at $282,000 after buying an additional 13 shares during the last quarter. Regentatlantic Capital LLC boosted its stake in NextEra Energy by 0.4% in the first quarter. Regentatlantic Capital LLC now owns 3,468 shares of the utilities provider’s stock valued at $445,000 after buying an additional 14 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. boosted its stake in NextEra Energy by 0.3% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 4,902 shares of the utilities provider’s stock valued at $629,000 after buying an additional 14 shares during the last quarter. 76.82% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy, Inc. (NYSE NEE) opened at 145.12 on Friday. The stock has a market capitalization of $67.94 billion, a price-to-earnings ratio of 17.66 and a beta of 0.31. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $145.76. The stock’s 50 day moving average is $141.72 and its 200 day moving average is $133.19.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the firm earned $1.67 earnings per share. The company’s quarterly revenue was up 15.4% on a year-over-year basis. Equities analysts predict 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. Stockholders of record on Friday, August 25th will be paid 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 dividend yield of 2.71%. NextEra Energy’s dividend payout ratio is presently 45.02%.
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Several research firms have weighed in on NEE. UBS AG reaffirmed a “buy” rating and set a $143.00 price objective (up from $138.00) on shares of NextEra Energy in a research report on Tuesday, April 18th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $158.00 price objective (up from $150.00) on shares of NextEra Energy in a research report on Monday, June 19th. BidaskClub cut NextEra Energy from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $147.00 price objective (up from $144.00) on shares of NextEra Energy in a research report on Sunday, July 9th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $150.00 price objective (up from $139.00) on shares of NextEra Energy in a research report on Sunday, April 23rd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. NextEra Energy presently has a consensus rating of “Buy” and an average price target of $148.18.
In other news, Director James L. Robo sold 52,320 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $136.48, for a total transaction of $7,140,633.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Eric E. Silagy sold 8,111 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the transaction, the director now owns 26,884 shares in the company, valued at $3,779,352.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,111 shares of company stock worth $9,036,943. 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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