Bank of Nova Scotia Trust Co. raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,688 shares of the utilities provider’s stock after purchasing an additional 132 shares during the quarter. Bank of Nova Scotia Trust Co.’s holdings in NextEra Energy were worth $710,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hillsdale Investment Management Inc. bought a new position in NextEra Energy during the 2nd quarter valued at $32,000. Pinz Capital Management LP bought a new position in NextEra Energy during the 1st quarter valued at $37,000. Sage Financial Management Group Inc. bought a new position in NextEra Energy during the 1st quarter valued at $38,000. SRS Capital Advisors Inc. bought a new position in NextEra Energy during the 2nd quarter valued at $39,000. Finally, Disciplined Investments LLC boosted its stake in NextEra Energy by 35.0% during the 2nd quarter. Disciplined Investments LLC now owns 540 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 140 shares in the last quarter. 74.67% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on NEE. Credit Suisse Group assumed coverage on NextEra Energy in a research note on Wednesday, July 14th. They set an “outperform” rating and a $85.00 price target for the company. Morgan Stanley cut their price objective on NextEra Energy from $80.00 to $79.00 and set an “equal weight” rating for the company in a research report on Friday, September 17th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy has a consensus rating of “Buy” and a consensus price target of $85.25.
Shares of NEE traded down $0.54 during mid-day trading on Tuesday, reaching $78.22. The company’s stock had a trading volume of 114,319 shares, compared to its average volume of 7,869,188. The company has a quick ratio of 0.38, a current ratio of 0.48 and a debt-to-equity ratio of 1.05. NextEra Energy, Inc. has a 1 year low of $66.79 and a 1 year high of $87.69. The business has a fifty day moving average of $82.13 and a 200 day moving average of $77.44. The company has a market cap of $153.42 billion, a price-to-earnings ratio of 49.38, a price-to-earnings-growth ratio of 4.05 and a beta of 0.19.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, July 22nd. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.01. NextEra Energy had a return on equity of 10.84% and a net margin of 18.69%. The business had revenue of $3.93 billion during the quarter, compared to analyst estimates of $4.91 billion. During the same period last year, the company earned $2.61 earnings per share. NextEra Energy’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, analysts predict that NextEra Energy, Inc. will post 2.52 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Friday, August 27th were issued a dividend of $0.385 per share. The ex-dividend date of this dividend was Thursday, August 26th. This represents a $1.54 annualized dividend and a dividend yield of 1.97%. NextEra Energy’s dividend payout ratio is 66.67%.
NextEra Energy Company Profile
NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL & NEER. The FPL segment engages primarily in the generation, transmission, distribution and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.
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