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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Koshinski Asset Management Inc. raised its stake 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 in 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 worth $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 worth $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 worth $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 worth $2,172,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds own 76.97% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE NEE) opened at 146.57 on Wednesday. The stock has a 50 day moving average of $142.09 and a 200-day moving average of $133.79. The company has a market capitalization of $68.78 billion, a price-to-earnings ratio of 16.79 and a beta of 0.32. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $147.22.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, analysts anticipate that NextEra Energy, Inc. will post $6.72 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a dividend yield of 2.68%. NextEra Energy’s dividend payout ratio (DPR) is currently 45.02%.
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A number of analysts have weighed in on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of NextEra Energy in a research note on Monday, July 24th. They set a “buy” rating and a $160.00 price objective for the company. BMO Capital Markets restated a “buy” rating and set a $156.00 price objective (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. Wells Fargo & Company restated an “outperform” rating and set a $158.00 price objective (up from $150.00) on shares of NextEra Energy in a research note on Monday, June 19th. Royal Bank Of Canada restated an “outperform” rating and set a $147.00 price objective (up from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. Finally, BidaskClub lowered shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $148.18.
In other news, CEO Armando Pimentel, Jr. sold 5,680 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $133.11, for a total transaction of $756,064.80. Following the transaction, the chief executive officer now owns 79,586 shares in the company, valued at $10,593,692.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James L. Robo sold 52,320 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $136.48, for a total transaction of $7,140,633.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,111 shares of company stock worth $9,036,943. Corporate insiders own 0.53% of the company’s stock.
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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