Wright Investors Service Inc. increased its stake in shares of NextEra Energy Inc (NYSE:NEE) by 14.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,482 shares of the utilities provider’s stock after acquiring an additional 1,832 shares during the period. NextEra Energy comprises 1.1% of Wright Investors Service Inc.’s holdings, making the stock its 23rd largest position. Wright Investors Service Inc.’s holdings in NextEra Energy were worth $2,967,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. First Manhattan Co. grew its holdings in NextEra Energy by 2.1% during the first quarter. First Manhattan Co. now owns 4,510 shares of the utilities provider’s stock worth $872,000 after acquiring an additional 93 shares during the period. Atlantic Trust LLC grew its holdings in NextEra Energy by 9.8% during the second quarter. Atlantic Trust LLC now owns 12,572 shares of the utilities provider’s stock worth $2,576,000 after acquiring an additional 1,123 shares during the period. Great Lakes Advisors LLC grew its holdings in NextEra Energy by 18.4% during the first quarter. Great Lakes Advisors LLC now owns 10,653 shares of the utilities provider’s stock worth $2,059,000 after acquiring an additional 1,652 shares during the period. Pictet Asset Management Ltd. grew its holdings in NextEra Energy by 23.6% during the first quarter. Pictet Asset Management Ltd. now owns 2,021,758 shares of the utilities provider’s stock worth $390,846,000 after acquiring an additional 385,763 shares during the period. Finally, Wetherby Asset Management Inc. grew its holdings in NextEra Energy by 14.4% during the first quarter. Wetherby Asset Management Inc. now owns 9,052 shares of the utilities provider’s stock worth $1,750,000 after acquiring an additional 1,142 shares during the period. 75.76% of the stock is currently owned by hedge funds and other institutional investors.
NEE has been the topic of several analyst reports. Wells Fargo & Co raised 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. Scotiabank raised NextEra Energy from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $187.00 to $202.00 in a report on Wednesday, May 8th. Morgan Stanley raised their target price on NextEra Energy from $207.00 to $234.00 and gave the stock an “overweight” rating in a report on Tuesday. UBS Group raised their target price on NextEra Energy from $225.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Finally, Bank of America raised their target price on NextEra Energy from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. NextEra Energy presently has an average rating of “Buy” and a consensus target price of $214.46.
NEE stock traded up $1.97 during mid-day trading on Thursday, reaching $216.93. 92,510 shares of the company’s stock were exchanged, compared to its average volume of 1,556,911. The firm has a market capitalization of $103.21 billion, a P/E ratio of 28.18, a price-to-earnings-growth ratio of 3.22 and a beta of 0.22. The firm has a 50 day moving average of $209.64. 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 Inc has a 12-month low of $164.25 and a 12-month high of $217.98.
NextEra Energy (NYSE:NEE) last issued its quarterly 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 company had revenue of $4.97 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.08 earnings per share. Analysts predict that NextEra Energy Inc will post 8.38 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 29th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $5.00 dividend on an annualized basis and a yield of 2.30%. NextEra Energy’s dividend payout ratio is currently 64.94%.
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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