Winthrop Advisory Group LLC cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,975 shares of the utilities provider’s stock after selling 252 shares during the quarter. Winthrop Advisory Group LLC’s holdings in NextEra Energy were worth $234,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Hillsdale Investment Management Inc. acquired a new stake in NextEra Energy in the second quarter valued at $32,000. SRS Capital Advisors Inc. purchased a new stake in shares of NextEra Energy during the 2nd quarter worth approximately $39,000. Disciplined Investments LLC boosted its holdings in shares of NextEra Energy by 35.0% in the 2nd quarter. Disciplined Investments LLC now owns 540 shares of the utilities provider’s stock valued at $40,000 after buying an additional 140 shares in the last quarter. Close Asset Management Ltd grew its position in shares of NextEra Energy by 90.0% in the 2nd quarter. Close Asset Management Ltd now owns 570 shares of the utilities provider’s stock valued at $42,000 after buying an additional 270 shares during the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new stake in NextEra Energy during the 2nd quarter worth $43,000. 74.55% of the stock is owned by institutional investors.
A number of brokerages recently issued reports on NEE. Seaport Res Ptn reissued a “buy” rating on shares of NextEra Energy in a research report on Tuesday, October 19th. Morgan Stanley upped their price target on shares of NextEra Energy from $78.00 to $82.00 and gave the company an “equal weight” rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Buy” and an average target price of $86.29.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, October 19th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.03. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $5.40 billion. NextEra Energy had a return on equity of 11.07% and a net margin of 14.40%. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 EPS. Research analysts anticipate that NextEra Energy, Inc. will post 2.53 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Stockholders of record on Friday, November 26th will be issued a $0.385 dividend. This represents a $1.54 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Wednesday, November 24th. NextEra Energy’s dividend payout ratio (DPR) is presently 128.33%.
In other news, CEO John W. Ketchum sold 12,151 shares of the firm’s stock in a transaction on Wednesday, September 15th. The stock was sold at an average price of $84.33, for a total value of $1,024,693.83. Following the completion of the sale, the chief executive officer now owns 84,895 shares of the company’s stock, valued at $7,159,195.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ronald R. Reagan sold 4,545 shares of the business’s stock in a transaction that occurred on Friday, November 19th. The shares were sold at an average price of $88.00, for a total transaction of $399,960.00. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.
NextEra Energy Profile
NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL & NEER. The FPL segment engages primarily in the generation, transmission, distribution and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.
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