Sandy Spring Bank reduced its position in shares of NextEra Energy Inc (NYSE:NEE) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,573 shares of the utilities provider’s stock after selling 257 shares during the period. Sandy Spring Bank’s holdings in NextEra Energy were worth $6,468,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in NEE. Northern Trust Corp increased its stake in shares of NextEra Energy by 1.6% in the 1st quarter. Northern Trust Corp now owns 6,786,481 shares of the utilities provider’s stock valued at $1,311,963,000 after purchasing an additional 107,426 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of NextEra Energy by 20.1% in the 1st quarter. California Public Employees Retirement System now owns 2,886,266 shares of the utilities provider’s stock valued at $557,973,000 after purchasing an additional 483,263 shares during the last quarter. Commonwealth Bank of Australia increased its stake in shares of NextEra Energy by 4.9% in the 1st quarter. Commonwealth Bank of Australia now owns 2,272,592 shares of the utilities provider’s stock valued at $439,322,000 after purchasing an additional 106,769 shares during the last quarter. Pictet Asset Management Ltd. increased its stake in shares of NextEra Energy by 23.6% in the 1st quarter. Pictet Asset Management Ltd. now owns 2,021,758 shares of the utilities provider’s stock valued at $390,846,000 after purchasing an additional 385,763 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in shares of NextEra Energy by 4.8% in the 1st quarter. Neuberger Berman Group LLC now owns 1,978,741 shares of the utilities provider’s stock valued at $382,530,000 after purchasing an additional 91,003 shares during the last quarter. 75.76% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the company. Barclays lowered NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price target on the stock. in a research note on Tuesday. UBS Group lifted their price target on NextEra Energy from $225.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Guggenheim lifted their price target on NextEra Energy from $205.00 to $223.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Bank of America lifted their price target on NextEra Energy from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Finally, Credit Suisse Group boosted their price objective on NextEra Energy from $231.00 to $232.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $214.46.
In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $202.90, for a total transaction of $324,640.00. Following the transaction, the director now directly owns 18,315 shares of the company’s stock, valued at approximately $3,716,113.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Charles E. Sieving sold 16,446 shares of NextEra Energy stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.08, for a total value of $3,290,515.68. Following the transaction, the executive vice president now directly owns 67,900 shares in the company, valued at $13,585,432. The disclosure for this sale can be found here. Insiders have sold a total of 53,787 shares of company stock worth $10,945,435 in the last 90 days. 0.48% of the stock is currently owned by corporate insiders.
NEE stock traded up $2.05 during midday trading on Wednesday, reaching $217.50. 593,659 shares of the stock were exchanged, compared to its average volume of 1,911,063. The company has a market cap of $103.72 billion, a PE ratio of 28.25, a PEG ratio of 3.23 and a beta of 0.22. NextEra Energy Inc has a 52 week low of $164.25 and a 52 week high of $217.18. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. The firm has a fifty day moving average of $209.45.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.07. The business had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.68 billion. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. NextEra Energy’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.08 EPS. As a group, sell-side analysts expect that NextEra Energy Inc will post 8.36 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 29th will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, August 28th. This represents a $5.00 dividend on an annualized basis and a yield of 2.30%. NextEra Energy’s dividend payout ratio is currently 64.94%.
NextEra Energy Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.