G&S Capital LLC raised its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 52.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 631 shares of the utilities provider’s stock after acquiring an additional 217 shares during the period. G&S Capital LLC’s holdings in NextEra Energy were worth $129,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in NEE. Legacy Advisors LLC raised its stake in shares of NextEra Energy by 1,000.0% in the 2nd quarter. Legacy Advisors LLC now owns 165 shares of the utilities provider’s stock worth $34,000 after buying an additional 150 shares in the last quarter. Massey Quick Simon & CO. LLC bought a new stake in shares of NextEra Energy in the 1st quarter worth $39,000. RPG Investment Advisory LLC bought a new stake in shares of NextEra Energy in the 1st quarter worth $42,000. Buffington Mohr McNeal acquired a new position in shares of NextEra Energy in the 1st quarter worth $52,000. Finally, Ellevest Inc. grew its holdings in shares of NextEra Energy by 167.0% in the 1st quarter. Ellevest Inc. now owns 267 shares of the utilities provider’s stock worth $52,000 after acquiring an additional 167 shares during the last quarter. 75.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NEE stock traded down $0.97 on Wednesday, reaching $208.42. 490,667 shares of the company’s stock traded hands, compared to its average volume of 1,435,370. NextEra Energy Inc has a 12-month low of $164.25 and a 12-month high of $212.50. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $100.60 billion, a P/E ratio of 27.07, a P/E/G ratio of 3.12 and a beta of 0.26. The company has a 50 day moving average of $207.53.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 29th will be issued a dividend of $1.25 per share. The ex-dividend date is Wednesday, August 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.40%. NextEra Energy’s dividend payout ratio is 64.94%.
In other NextEra Energy news, EVP Charles E. Sieving sold 5,916 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $192.20, for a total value of $1,137,055.20. Following the transaction, the executive vice president now owns 51,454 shares in the company, valued at $9,889,458.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James L. Robo sold 44,537 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $195.20, for a total value of $8,693,622.40. The disclosure for this sale can be found here. Insiders have sold 107,216 shares of company stock worth $21,354,766 in the last quarter. 0.48% of the stock is currently owned by corporate insiders.
A number of equities analysts recently issued reports on the company. Barclays restated a “top pick” rating and issued a GBX 3,250 ($42.47) target price on shares of in a report on Wednesday, June 19th. Morgan Stanley restated a “hold” rating on shares of PG&E in a report on Friday, June 21st. Scotiabank cut WEC Energy Group from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $76.00 to $78.00 in a report on Wednesday, May 8th. UBS Group restated a “buy” rating on shares of Fortis in a report on Friday, June 7th. Finally, Credit Suisse Group set a €59.00 ($68.60) target price on Renault and gave the stock a “neutral” rating in a report on Friday, July 26th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. NextEra Energy has an average rating of “Buy” and a consensus target price of $210.50.
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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