Mark Sheptoff Financial Planning LLC boosted its stake in shares of NextEra Energy Inc (NYSE:NEE) by 4.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,348 shares of the utilities provider’s stock after acquiring an additional 2,190 shares during the quarter. NextEra Energy comprises about 7.2% of Mark Sheptoff Financial Planning LLC’s investment portfolio, making the stock its biggest position. Mark Sheptoff Financial Planning LLC’s holdings in NextEra Energy were worth $10,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Atlantic Trust LLC boosted its position in shares of NextEra Energy by 9.8% during the second quarter. Atlantic Trust LLC now owns 12,572 shares of the utilities provider’s stock valued at $2,576,000 after buying an additional 1,123 shares during the period. Great Lakes Advisors LLC boosted its position in shares of NextEra Energy by 18.4% during the first quarter. Great Lakes Advisors LLC now owns 10,653 shares of the utilities provider’s stock valued at $2,059,000 after buying an additional 1,652 shares during the period. Pictet Asset Management Ltd. boosted its position in shares of 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 valued at $390,846,000 after buying an additional 385,763 shares during the period. Wetherby Asset Management Inc. boosted its position in shares of NextEra Energy by 14.4% during the first quarter. Wetherby Asset Management Inc. now owns 9,052 shares of the utilities provider’s stock valued at $1,750,000 after buying an additional 1,142 shares during the period. Finally, Lincoln National Corp boosted its holdings in shares of NextEra Energy by 6.3% in the second quarter. Lincoln National Corp now owns 3,128 shares of the utilities provider’s stock valued at $641,000 after purchasing an additional 184 shares during the period. 76.24% of the stock is currently owned by institutional investors.
A number of analysts recently issued reports on the company. Wells Fargo & Co set a $240.00 price target on NextEra Energy and gave the company a “buy” rating in a report on Tuesday. Barclays lowered NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price target for the company. in a report on Tuesday, August 13th. Credit Suisse Group boosted their price target on NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, July 26th. UBS Group boosted their price target on NextEra Energy from $240.00 to $250.00 and gave the company a “buy” rating in a report on Friday. Finally, KeyCorp assumed coverage on NextEra Energy in a report on Tuesday, June 4th. They issued an “overweight” rating and a $225.00 price target for the company. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $217.77.
Shares of NYSE NEE traded up $0.33 during trading hours on Friday, reaching $220.14. The stock had a trading volume of 2,190,065 shares, compared to its average volume of 2,139,889. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.88. The firm has a market cap of $105.31 billion, a price-to-earnings ratio of 28.59, a P/E/G ratio of 3.28 and a beta of 0.19. The business’s fifty day moving average price is $215.53 and its two-hundred day moving average price is $201.20. NextEra Energy Inc has a 52-week low of $164.25 and a 52-week high of $225.96.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.07. The company had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $4.68 billion. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. NextEra Energy’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.08 earnings per share. Equities research analysts anticipate that NextEra Energy Inc will post 8.36 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 29th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Wednesday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is 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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