IBM Retirement Fund decreased its stake in NextEra Energy, Inc. (NYSE:NEE) by 88.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,143 shares of the utilities provider’s stock after selling 38,160 shares during the period. IBM Retirement Fund’s holdings in NextEra Energy were worth $880,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in NEE. Pinnacle Bank purchased a new stake in NextEra Energy during the first quarter valued at about $161,000. Norway Savings Bank boosted its stake in NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock valued at $172,000 after buying an additional 18 shares during the last quarter. Baystate Wealth Management LLC boosted its stake in NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock valued at $174,000 after buying an additional 441 shares during the last quarter. Ruggie Capital Group bought a new stake in shares of NextEra Energy during the first quarter worth $191,000. Finally, Appleton Group LLC bought a new stake in shares of NextEra Energy during the first quarter worth $202,000. Hedge funds and other institutional investors own 76.72% of the company’s stock.
NextEra Energy, Inc. (NYSE NEE) opened at 147.18 on Friday. The firm has a market cap of $69.06 billion, a PE ratio of 16.86 and a beta of 0.32. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $148.30. The company has a 50 day moving average of $143.37 and a 200-day moving average of $135.07.
NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.10. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The company’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post $6.72 earnings per share for the current year.
The firm also recently announced 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. This represents a $3.93 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.
NEE has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $144.00 price target on shares of NextEra Energy in a research report on Tuesday, May 2nd. Morgan Stanley lifted their price target on shares of NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, May 8th. Barclays PLC reiterated an “overweight” rating and set a $150.00 price target (up from $139.00) on shares of NextEra Energy in a research report on Sunday, April 23rd. Goldman Sachs Group, Inc. (The) initiated coverage on shares of NextEra Energy in a research report on Monday, July 24th. They set a “buy” rating and a $160.00 price target for the company. Finally, BMO Capital Markets reiterated a “buy” rating and set a $156.00 price target (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’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $148.64.
In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the sale, the director now directly owns 26,884 shares of the company’s stock, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,431 shares of company stock valued at $12,692,378. 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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