Altavista Wealth Management Inc. maintained its stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,627 shares of the utilities provider’s stock at the close of the 2nd quarter. Altavista Wealth Management Inc.’s holdings in NextEra Energy were worth $228,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in NEE. BlackRock Inc. lifted its holdings in shares of NextEra Energy by 3,384.2% during the 1st quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock valued at $4,856,682,000 after purchasing an additional 36,747,599 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of NextEra Energy by 2,832.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock valued at $252,287,000 after purchasing an additional 1,738,989 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of NextEra Energy by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after purchasing an additional 1,503,907 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of NextEra Energy by 122.5% during the 2nd quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock valued at $207,281,000 after purchasing an additional 814,478 shares during the last quarter. Finally, BT Investment Management Ltd purchased a new stake in shares of NextEra Energy during the 2nd quarter valued at $96,214,000. 75.23% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy, Inc. (NYSE:NEE) opened at $158.40 on Wednesday. The stock has a market capitalization of $73,748.94, a price-to-earnings ratio of 23.50, a P/E/G ratio of 3.12 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. NextEra Energy, Inc. has a 52 week low of $112.63 and a 52 week high of $158.55.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.08. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the business posted $1.74 EPS. analysts forecast that NextEra Energy, Inc. will post 6.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.48%. NextEra Energy’s payout ratio is currently 44.16%.
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NEE has been the subject of several analyst reports. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a report on Tuesday, October 10th. KeyCorp reiterated a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a report on Thursday, October 12th. BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) initiated coverage on NextEra Energy in a report on Monday, July 24th. They set a “buy” rating and a $160.00 price objective for the company. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $156.00 price objective on shares of NextEra Energy in a report on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and a consensus target price of $155.38.
In other NextEra Energy news, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total transaction of $4,545,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 30,485 shares of NextEra Energy stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $146.56, for a total value of $4,467,881.60. Following the transaction, the executive vice president now owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. Insiders have sold a total of 65,385 shares of company stock valued at $9,748,482 in the last quarter. 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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