United Services Automobile Association boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.6% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 334,905 shares of the utilities provider’s stock after buying an additional 29,463 shares during the period. United Services Automobile Association owned 0.07% of NextEra Energy worth $42,992,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Koshinski Asset Management Inc. raised its position in NextEra Energy by 18.7% in the first quarter. Koshinski Asset Management Inc. now owns 8,060 shares of the utilities provider’s stock worth $1,035,000 after buying an additional 1,268 shares during the last quarter. Lynch & Associates IN raised its stake in NextEra Energy by 1.5% in the first quarter. Lynch & Associates IN now owns 15,044 shares of the utilities provider’s stock valued at $1,931,000 after buying an additional 220 shares in the last quarter. Union Bankshares Corp raised its stake in NextEra Energy by 2.3% in the first quarter. Union Bankshares Corp now owns 4,425 shares of the utilities provider’s stock valued at $568,000 after buying an additional 100 shares in the last quarter. GW&K Investment Management LLC raised its stake in NextEra Energy by 2.3% in the first quarter. GW&K Investment Management LLC now owns 282,196 shares of the utilities provider’s stock valued at $36,226,000 after buying an additional 6,375 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. raised its stake in NextEra Energy by 0.9% in the first quarter. Stock Yards Bank & Trust Co. now owns 16,923 shares of the utilities provider’s stock valued at $2,172,000 after buying an additional 146 shares in the last quarter. 76.72% of the stock is owned by institutional investors.
NextEra Energy, Inc. (NYSE:NEE) opened at 147.18 on Friday. The firm has a market capitalization of $69.06 billion, a P/E ratio of 16.86 and a beta of 0.32. The stock’s 50 day moving average is $143.37 and its 200-day moving average is $135.07. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $148.30.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. NextEra Energy’s quarterly revenue was up 15.4% on a year-over-year basis. Analysts forecast that NextEra Energy, Inc. will post $6.72 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a $0.9825 dividend. This represents a $3.93 annualized dividend and a yield of 2.67%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio (DPR) is 45.02%.
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Several research firms have recently weighed in on NEE. UBS AG reiterated a “buy” rating and issued a $143.00 price objective (up from $138.00) on shares of NextEra Energy in a research note on Tuesday, April 18th. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Morgan Stanley boosted their target price on NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a report on Thursday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $147.00 price objective (up previously from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and set a $158.00 price objective (up previously from $150.00) on shares of NextEra Energy in a report on Monday, June 19th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $148.64.
In other news, Director Eric E. Silagy sold 8,111 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total value of $1,140,244.38. Following the transaction, the director now owns 26,884 shares of the company’s stock, valued at approximately $3,779,352.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James L. Robo sold 30,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total transaction of $4,411,500.00. The disclosure for this sale can be found here. Insiders sold 90,431 shares of company stock worth $12,692,378 in the last three months. 0.53% of the stock is owned by corporate insiders.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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