BRYN MAWR TRUST Co lessened its position in NextEra Energy Inc (NYSE:NEE) by 1.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 36,877 shares of the utilities provider’s stock after selling 551 shares during the quarter. BRYN MAWR TRUST Co’s holdings in NextEra Energy were worth $8,592,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TRUE Private Wealth Advisors purchased a new position in shares of NextEra Energy in the 2nd quarter valued at approximately $25,000. Krane Funds Advisors LLC purchased a new position in shares of NextEra Energy in the 2nd quarter valued at approximately $25,000. Manchester Financial Inc. purchased a new position in NextEra Energy during the second quarter valued at $26,000. Mackey Komara & Dankovich LLC raised its stake in NextEra Energy by 446.4% during the second quarter. Mackey Komara & Dankovich LLC now owns 765 shares of the utilities provider’s stock valued at $29,000 after buying an additional 625 shares during the last quarter. Finally, First PREMIER Bank purchased a new position in NextEra Energy during the third quarter valued at $33,000. Institutional investors own 76.10% of the company’s stock.
In other news, EVP Joseph T. Kelliher sold 3,279 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $219.20, for a total value of $718,756.80. Following the completion of the transaction, the executive vice president now owns 28,215 shares in the company, valued at $6,184,728. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $231.32, for a total value of $370,112.00. Following the completion of the transaction, the director now owns 16,237 shares of the company’s stock, valued at approximately $3,755,942.84. The disclosure for this sale can be found here. Insiders sold 97,576 shares of company stock valued at $21,514,886 in the last 90 days. Company insiders own 0.48% of the company’s stock.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter in the previous year, the business earned $2.18 earnings per share. The company’s revenue was up 26.1% on a year-over-year basis. As a group, equities research analysts predict that NextEra Energy Inc will post 8.32 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Wednesday, November 27th. NextEra Energy’s dividend payout ratio is currently 64.94%.
A number of research analysts have issued reports on the company. Morgan Stanley lifted their price objective on NextEra Energy from $241.00 to $242.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. UBS Group lifted their price objective on NextEra Energy from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Barclays cut NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price objective for the company. in a research note on Tuesday, August 13th. KeyCorp lifted their price objective on NextEra Energy from $231.00 to $242.00 and gave the company an “overweight” rating in a research note on Monday. Finally, ValuEngine cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and a consensus price target of $225.43.
NextEra Energy Company 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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