Landsberg Bennett & Dubbaneh LLC cut its holdings in NextEra Energy Inc (NYSE:NEE) by 1.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,763 shares of the utilities provider’s stock after selling 245 shares during the period. NextEra Energy comprises approximately 1.2% of Landsberg Bennett & Dubbaneh LLC’s investment portfolio, making the stock its 16th biggest holding. Landsberg Bennett & Dubbaneh LLC’s holdings in NextEra Energy were worth $4,339,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Krane Funds Advisors LLC acquired a new position in NextEra Energy during the second quarter worth $25,000. TRUE Private Wealth Advisors acquired a new position in NextEra Energy during the second quarter worth $25,000. Manchester Financial Inc. acquired a new position in NextEra Energy during the second quarter worth $26,000. First PREMIER Bank acquired a new position in NextEra Energy during the third quarter worth $33,000. Finally, Legacy Advisors LLC increased its holdings in NextEra Energy by 1,000.0% during the second quarter. Legacy Advisors LLC now owns 165 shares of the utilities provider’s stock worth $34,000 after buying an additional 150 shares during the last quarter. Institutional investors own 76.09% of the company’s stock.
NEE stock traded down $2.65 during midday trading on Friday, reaching $229.35. 181,012 shares of the company were exchanged, compared to its average volume of 2,084,687. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.42. The business has a 50-day moving average price of $224.84 and a two-hundred day moving average price of $207.46. NextEra Energy Inc has a one year low of $164.78 and a one year high of $234.27. The firm has a market capitalization of $110.18 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 3.43 and a beta of 0.18.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $2.35 EPS for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.07. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The firm had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the previous year, the business posted $2.08 earnings per share. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, analysts anticipate that NextEra Energy Inc will post 8.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 29th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $5.00 dividend on an annualized basis and a yield of 2.18%. NextEra Energy’s dividend payout ratio (DPR) is 64.94%.
In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $231.32, for a total transaction of $370,112.00. Following the completion of the transaction, the director now directly owns 16,237 shares of the company’s stock, valued at $3,755,942.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Treasurer Paul I. Cutler sold 23,750 shares of NextEra Energy stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $223.59, for a total transaction of $5,310,262.50. Following the transaction, the treasurer now directly owns 93,462 shares of the company’s stock, valued at $20,897,168.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,576 shares of company stock valued at $21,514,886. Company insiders own 0.48% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Wells Fargo & Co set a $240.00 target price on shares of NextEra Energy and gave the stock a “buy” rating in a report on Tuesday, September 3rd. UBS Group boosted their target price on shares of NextEra Energy from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 6th. ValuEngine downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley set a $233.00 target price on shares of NextEra Energy and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Guggenheim boosted their target price on shares of NextEra Energy from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $219.85.
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.
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