Asset Advisors Corp held its stake in NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,060 shares of the utilities provider’s stock at the end of the second quarter. Asset Advisors Corp’s holdings in NextEra Energy were worth $289,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Catawba Capital Management VA purchased a new stake in NextEra Energy during the first quarter worth $208,000. Stock Yards Bank & Trust Co. raised its stake in NextEra Energy by 0.9% in the first quarter. Stock Yards Bank & Trust Co. now owns 16,923 shares of the utilities provider’s stock worth $2,172,000 after buying an additional 146 shares during the last quarter. GW&K Investment Management LLC raised its stake in NextEra Energy by 2.3% in the first quarter. GW&K Investment Management LLC now owns 282,196 shares of the utilities provider’s stock worth $36,226,000 after buying an additional 6,375 shares during the last quarter. Union Bankshares Corp raised its stake in NextEra Energy by 2.3% in the first quarter. Union Bankshares Corp now owns 4,425 shares of the utilities provider’s stock worth $568,000 after buying an additional 100 shares during the last quarter. Finally, Lynch & Associates IN raised its stake in NextEra Energy by 1.5% in the first quarter. Lynch & Associates IN now owns 15,044 shares of the utilities provider’s stock worth $1,931,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.
NextEra Energy, Inc. (NYSE NEE) traded up 0.79% on Friday, reaching $149.79. The company’s stock had a trading volume of 486,903 shares. The firm has a 50-day moving average price of $144.09 and a 200 day moving average price of $135.91. The firm has a market capitalization of $70.29 billion, a P/E ratio of 17.16 and a beta of 0.32. NextEra Energy, Inc. has a 52-week low of $110.49 and a 52-week high of $150.32.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.10. The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The firm’s revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 EPS. Equities analysts anticipate 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. Investors of record on Friday, August 25th will be paid a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Wednesday, August 23rd. NextEra Energy’s payout ratio is presently 45.02%.
A number of brokerages recently issued reports on NEE. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Morgan Stanley upped their price target on NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $147.00 price target (up from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $158.00 price target (up from $150.00) on shares of NextEra Energy in a report on Monday, June 19th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $156.00 price target (up from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $148.64.
In other NextEra Energy news, Director Eric E. Silagy sold 8,111 shares of NextEra Energy stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total value of $1,140,244.38. Following the sale, the director now owns 26,884 shares of the company’s stock, 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 30,000 shares of NextEra Energy stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The disclosure for this sale can be found here. Company 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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