Cpcm LLC cut its position in NextEra Energy, Inc. (NYSE:NEE) by 3.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,781 shares of the utilities provider’s stock after selling 111 shares during the period. Cpcm LLC’s holdings in NextEra Energy were worth $357,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in NEE. Wade G W & Inc. increased its position in shares of NextEra Energy by 1.2% in the first quarter. Wade G W & Inc. now owns 10,628 shares of the utilities provider’s stock worth $1,364,000 after buying an additional 130 shares in the last quarter. Moody Lynn & Lieberson LLC increased its position in shares of NextEra Energy by 48.7% in the first quarter. Moody Lynn & Lieberson LLC now owns 2,948 shares of the utilities provider’s stock worth $378,000 after buying an additional 965 shares in the last quarter. National Investment Services Inc. WI increased its position in shares of 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 worth $2,703,000 after buying an additional 2,677 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in shares of NextEra Energy during the first quarter worth approximately $431,000. Finally, Reilly Herbert Faulkner III increased its position in shares of NextEra Energy by 1.8% in the first quarter. Reilly Herbert Faulkner III now owns 32,898 shares of the utilities provider’s stock worth $4,223,000 after buying an additional 575 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE NEE) traded up 0.69% during midday trading on Friday, hitting $149.63. The stock had a trading volume of 424,804 shares. The stock has a market cap of $70.21 billion, a PE ratio of 17.14 and a beta of 0.32. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $150.32. The firm has a 50 day moving average price of $144.09 and a 200 day moving average price of $135.91.
NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the company earned $1.67 EPS. The business’s quarterly revenue was up 15.4% on a year-over-year basis. On average, equities analysts forecast that NextEra Energy, Inc. will post $6.72 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.
A number of equities analysts have commented on NEE shares. 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) started coverage on shares of NextEra Energy in a report on Monday, July 24th. They issued a “buy” rating and a $160.00 target price for the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $144.00 target price on shares of NextEra Energy in a report on Tuesday, May 2nd. BMO Capital Markets reiterated a “buy” rating and issued a $156.00 target price (up from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. Finally, Morgan Stanley boosted their target price on shares of NextEra Energy from $161.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday, May 8th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $148.64.
In other news, Director Eric E. Silagy sold 8,111 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was 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. 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.
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.
