Ledyard National Bank boosted its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 5.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,333 shares of the utilities provider’s stock after purchasing an additional 745 shares during the period. Ledyard National Bank’s holdings in NextEra Energy were worth $3,572,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Buckingham Capital Management Inc. lifted its position in NextEra Energy by 4.9% during the 1st quarter. Buckingham Capital Management Inc. now owns 13,958 shares of the utilities provider’s stock worth $2,698,000 after acquiring an additional 651 shares in the last quarter. Marshall Wace LLP lifted its position in NextEra Energy by 87.5% during the 1st quarter. Marshall Wace LLP now owns 3,420 shares of the utilities provider’s stock worth $661,000 after acquiring an additional 1,596 shares in the last quarter. Bath Savings Trust Co lifted its position in NextEra Energy by 0.9% during the 2nd quarter. Bath Savings Trust Co now owns 54,751 shares of the utilities provider’s stock worth $11,216,000 after acquiring an additional 501 shares in the last quarter. Park National Corp OH increased its holdings in NextEra Energy by 13.8% during the 2nd quarter. Park National Corp OH now owns 58,191 shares of the utilities provider’s stock worth $11,921,000 after purchasing an additional 7,038 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings in NextEra Energy by 13.0% during the 2nd quarter. Private Trust Co. NA now owns 6,636 shares of the utilities provider’s stock worth $1,359,000 after purchasing an additional 761 shares during the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Charles E. Sieving sold 4,987 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $222.52, for a total value of $1,109,707.24. Following the completion of the sale, the executive vice president now directly owns 46,467 shares in the company, valued at approximately $10,339,836.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James L. Robo sold 44,537 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $216.85, for a total value of $9,657,848.45. The disclosure for this sale can be found here. Insiders sold a total of 97,576 shares of company stock valued at $21,514,886 over the last quarter. Company insiders own 0.48% of the company’s stock.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.27 by $0.12. NextEra Energy had a return on equity of 10.59% and a net margin of 16.92%. The business had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the previous year, the business earned $2.18 EPS. The business’s quarterly revenue was up 26.1% on a year-over-year basis. On average, sell-side analysts forecast that NextEra Energy Inc will post 8.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $1.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.12%. NextEra Energy’s dividend payout ratio (DPR) is 64.94%.
Several research firms have issued reports on NEE. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $214.00 to $252.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. KeyCorp lifted their price objective on NextEra Energy from $231.00 to $242.00 and gave the stock an “overweight” rating in a report on Monday. ValuEngine downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group lifted their price objective on NextEra Energy from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, Wells Fargo & Co lifted their price objective on NextEra Energy from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $225.43.
NextEra Energy 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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