Wagner Bowman Management Corp reduced its stake in shares of NextEra Energy Inc (NYSE:NEE) by 5.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,920 shares of the utilities provider’s stock after selling 298 shares during the quarter. Wagner Bowman Management Corp’s holdings in NextEra Energy were worth $1,007,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Forbes J M & Co. LLP raised its stake in shares of NextEra Energy by 10.2% during the second quarter. Forbes J M & Co. LLP now owns 93,267 shares of the utilities provider’s stock valued at $19,107,000 after purchasing an additional 8,637 shares in the last quarter. Clarius Group LLC raised its stake in shares of NextEra Energy by 9.2% during the second quarter. Clarius Group LLC now owns 2,917 shares of the utilities provider’s stock valued at $597,000 after purchasing an additional 246 shares in the last quarter. Employers Holdings Inc. bought a new stake in shares of NextEra Energy during the second quarter valued at about $406,000. Tarbox Family Office Inc. raised its stake in shares of NextEra Energy by 59.1% during the second quarter. Tarbox Family Office Inc. now owns 288 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 107 shares in the last quarter. Finally, Parkside Investments LLC raised its stake in shares of NextEra Energy by 1.6% during the second quarter. Parkside Investments LLC now owns 24,455 shares of the utilities provider’s stock valued at $5,010,000 after purchasing an additional 385 shares in the last quarter. Institutional investors and hedge funds own 75.76% of the company’s stock.
NEE has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on shares of NextEra Energy from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Barclays lowered NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 target price on the stock. in a report on Tuesday. Wells Fargo & Co lifted their target price on NextEra Energy from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Morgan Stanley lifted their target price on NextEra Energy from $207.00 to $234.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Scotiabank raised NextEra Energy from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $187.00 to $202.00 in a report on Wednesday, May 8th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. NextEra Energy currently has an average rating of “Buy” and a consensus target price of $214.46.
NYSE:NEE traded down $0.61 during mid-day trading on Friday, reaching $216.54. 1,425,107 shares of the stock were exchanged, compared to its average volume of 1,597,925. The business has a fifty day moving average price of $209.90 and a 200 day moving average price of $197.19. The firm has a market capitalization of $103.30 billion, a PE ratio of 28.12, a PEG ratio of 3.21 and a beta of 0.22. NextEra Energy Inc has a 1-year low of $164.25 and a 1-year high of $217.98. 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 released its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.07. The firm had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.68 billion. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. NextEra Energy’s revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.08 earnings per share. On average, sell-side analysts forecast that NextEra Energy Inc will post 8.38 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 29th will be paid a $1.25 dividend. The ex-dividend date is Wednesday, August 28th. This represents a $5.00 dividend on an annualized basis and a yield of 2.31%. NextEra Energy’s dividend payout ratio is currently 64.94%.
About NextEra Energy
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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