Capstone Asset Management Co. trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 8.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,828 shares of the utilities provider’s stock after selling 4,754 shares during the quarter. Capstone Asset Management Co.’s holdings in NextEra Energy were worth $7,403,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in NEE. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in shares of NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after buying an additional 71 shares during the last quarter. Baystate Wealth Management LLC raised its holdings in shares of 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 position in shares of NextEra Energy in the first quarter valued at about $191,000. Oarsman Capital Inc. bought a new position in shares of NextEra Energy in the first quarter valued at about $200,000. Finally, CCM Investment Advisers LLC bought a new position in shares of NextEra Energy in the first quarter valued at about $200,000. 75.67% of the stock is owned by institutional investors and hedge funds.
NextEra Energy, Inc. (NEE) traded down 0.399% during trading on Wednesday, hitting $148.535. The stock had a trading volume of 709,239 shares. The company has a 50-day moving average of $148.41 and a 200 day moving average of $139.05. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $151.60. The company has a market cap of $69.70 billion, a price-to-earnings ratio of 17.012 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data 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. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the company earned $1.67 earnings per share. The firm’s revenue was up 15.4% compared to the same quarter last year. On average, equities research analysts anticipate that NextEra Energy, Inc. will post $6.73 EPS for the current year.
The business also recently disclosed 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. The ex-dividend date is Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.64%. NextEra Energy’s dividend payout ratio (DPR) is 45.02%.
A number of research analysts recently issued reports on NEE shares. 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. BidaskClub cut NextEra Energy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) started coverage on NextEra Energy in a report on Monday, July 24th. They issued a “buy” rating and a $160.00 price target for the company. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a report on Friday, September 1st. Finally, Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and a consensus target price of $151.15.
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In other news, 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 transaction of $4,411,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is 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.
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