VeraBank N.A. decreased its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 7.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,575 shares of the utilities provider’s stock after selling 441 shares during the period. NextEra Energy comprises about 1.2% of VeraBank N.A.’s portfolio, making the stock its 27th largest holding. VeraBank N.A.’s holdings in NextEra Energy were worth $1,299,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in NextEra Energy by 5.6% during the second quarter. Envestnet Asset Management Inc. now owns 356,876 shares of the utilities provider’s stock valued at $73,110,000 after purchasing an additional 18,979 shares during the last quarter. Atlantic Trust LLC boosted its holdings in shares of NextEra Energy by 9.8% during the second quarter. Atlantic Trust LLC now owns 12,572 shares of the utilities provider’s stock valued at $2,576,000 after acquiring an additional 1,123 shares during the period. Evercore Wealth Management LLC boosted its holdings in shares of NextEra Energy by 8.3% during the second quarter. Evercore Wealth Management LLC now owns 17,361 shares of the utilities provider’s stock valued at $3,557,000 after acquiring an additional 1,327 shares during the period. Mirova boosted its holdings in shares of NextEra Energy by 1,657.8% during the second quarter. Mirova now owns 144,407 shares of the utilities provider’s stock valued at $29,583,000 after acquiring an additional 136,192 shares during the period. Finally, Lincoln National Corp boosted its holdings in shares of NextEra Energy by 6.3% during the second quarter. Lincoln National Corp now owns 3,128 shares of the utilities provider’s stock valued at $641,000 after acquiring an additional 184 shares during the period. Hedge funds and other institutional investors own 76.09% of the company’s stock.
NEE stock traded down $2.45 during trading on Friday, hitting $229.55. The company had a trading volume of 123,074 shares, compared to its average volume of 2,084,687. The firm has a market capitalization of $110.18 billion, a price-to-earnings ratio of 29.84, a P/E/G ratio of 3.43 and a beta of 0.18. The business has a 50 day moving average of $224.84 and a 200 day moving average of $207.46. NextEra Energy Inc has a fifty-two week low of $164.78 and a fifty-two week high of $234.27. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.88.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.07. The business had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $4.68 billion. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The company’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.08 earnings per share. As a group, equities analysts predict that NextEra Energy Inc will post 8.38 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 29th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.18%. The ex-dividend date was Wednesday, August 28th. NextEra Energy’s payout ratio is currently 64.94%.
In related news, CEO Eric E. Silagy sold 14,723 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $225.56, for a total value of $3,320,919.88. Following the completion of the sale, the chief executive officer now owns 42,884 shares of the company’s stock, valued at $9,672,915.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James L. Robo sold 44,537 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $216.85, for a total transaction of $9,657,848.45. The disclosure for this sale can be found here. Insiders sold 97,576 shares of company stock valued at $21,514,886 in the last ninety days. Corporate insiders own 0.48% of the company’s stock.
Several brokerages have recently issued reports on NEE. Credit Suisse Group boosted their price target on shares of NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Morgan Stanley set a $233.00 price target on shares of NextEra Energy and gave the company a “buy” rating in a report on Friday, August 16th. Bank of America boosted their price target on shares of NextEra Energy from $215.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Barclays downgraded shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price target for the company. in a report on Tuesday, August 13th. Finally, ValuEngine downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $219.85.
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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