NumerixS Investment Technologies Inc acquired a new position in NextEra Energy Inc (NYSE:NEE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,100 shares of the utilities provider’s stock, valued at approximately $225,000.
Other large investors have also recently made changes to their positions in the company. TRUE Private Wealth Advisors bought a new position in NextEra Energy in the second quarter worth approximately $25,000. Krane Funds Advisors LLC bought a new position in NextEra Energy in the second quarter worth approximately $25,000. Manchester Financial Inc. bought a new position in NextEra Energy in the second quarter worth approximately $26,000. Mackey Komara & Dankovich LLC grew its stake in NextEra Energy by 446.4% in the second quarter. Mackey Komara & Dankovich LLC now owns 765 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 625 shares in the last quarter. Finally, Legacy Advisors LLC grew its stake in NextEra Energy by 1,000.0% in the second quarter. Legacy Advisors LLC now owns 165 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 150 shares in the last quarter. 76.09% of the stock is currently owned by institutional investors.
In other news, Treasurer Paul I. Cutler sold 23,750 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $223.59, for a total transaction of $5,310,262.50. Following the completion of the sale, the treasurer now owns 93,462 shares in the company, valued at approximately $20,897,168.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sherry S. Barrat sold 4,700 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $218.57, for a total value of $1,027,279.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,853 shares of company stock valued at $21,215,994. 0.48% of the stock is owned by company insiders.
NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share 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 analyst estimates 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 was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.08 earnings per share. Sell-side analysts predict that NextEra Energy Inc will post 8.38 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 29th were issued a dividend of $1.25 per share. The ex-dividend date was Wednesday, August 28th. This represents a $5.00 dividend on an annualized basis and a yield of 2.22%. NextEra Energy’s dividend payout ratio is currently 64.94%.
Several research analysts recently issued reports on NEE shares. Barclays cut NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price objective on the stock. in a research note on Tuesday, August 13th. Wells Fargo & Co set a $240.00 price objective on NextEra Energy and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Morgan Stanley set a $233.00 price objective on NextEra Energy and gave the stock a “buy” rating in a research note on Friday, August 16th. Credit Suisse Group upped their target price on NextEra Energy from $231.00 to $232.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, UBS Group upped their target price on NextEra Energy from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. NextEra Energy currently has an average rating of “Buy” and a consensus price target of $217.77.
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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