Assetmark Inc. lessened its holdings in NextEra Energy Inc (NYSE:NEE) by 16.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,877 shares of the utilities provider’s stock after selling 373 shares during the period. Assetmark Inc.’s holdings in NextEra Energy were worth $307,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Banco de Sabadell S.A acquired a new stake in shares of NextEra Energy in the first quarter worth $804,000. Sciencast Management LP boosted its position in shares of NextEra Energy by 446.2% in the first quarter. Sciencast Management LP now owns 9,504 shares of the utilities provider’s stock worth $1,551,000 after buying an additional 7,764 shares during the period. Amundi Pioneer Asset Management Inc. boosted its position in shares of NextEra Energy by 11.0% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 372,819 shares of the utilities provider’s stock worth $60,893,000 after buying an additional 37,083 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of NextEra Energy by 23.1% in the first quarter. Cubist Systematic Strategies LLC now owns 13,355 shares of the utilities provider’s stock worth $2,181,000 after buying an additional 2,505 shares during the period. Finally, Glenview Trust Co boosted its position in shares of NextEra Energy by 7.0% in the first quarter. Glenview Trust Co now owns 10,787 shares of the utilities provider’s stock worth $1,762,000 after buying an additional 706 shares during the period. 75.89% of the stock is owned by institutional investors and hedge funds.
In other NextEra Energy news, Director James L. Robo sold 81,489 shares of the business’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $156.81, for a total value of $12,778,290.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Armando Pimentel, Jr. sold 8,336 shares of the business’s stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $157.15, for a total value of $1,310,002.40. Following the completion of the sale, the chief executive officer now directly owns 77,139 shares of the company’s stock, valued at approximately $12,122,393.85. The disclosure for this sale can be found here. Insiders sold 118,939 shares of company stock valued at $18,698,946 in the last ninety days. Insiders own 0.55% of the company’s stock.
Several analysts have recently commented on NEE shares. ValuEngine raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $172.00 target price for the company in a research report on Wednesday, February 21st. Morgan Stanley decreased their target price on NextEra Energy from $172.00 to $169.00 and set an “overweight” rating for the company in a research report on Wednesday, June 13th. JPMorgan Chase & Co. raised their target price on NextEra Energy from $167.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 10th. Finally, KeyCorp lifted their price objective on NextEra Energy from $165.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, April 18th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. NextEra Energy currently has an average rating of “Buy” and an average target price of $169.42.
NEE opened at $162.70 on Thursday. The firm has a market cap of $75.52 billion, a P/E ratio of 24.28, a PEG ratio of 2.40 and a beta of 0.25. NextEra Energy Inc has a 1 year low of $138.00 and a 1 year high of $166.62. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.78.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, April 24th. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.16. The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $4.15 billion. NextEra Energy had a return on equity of 10.91% and a net margin of 48.13%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.75 earnings per share. analysts predict that NextEra Energy Inc will post 7.73 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Tuesday, June 5th were given a $1.11 dividend. The ex-dividend date of this dividend was Monday, June 4th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.73%. NextEra Energy’s dividend payout ratio is currently 66.27%.
NextEra Energy Company 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.
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