Ocean Capital Management LLC lessened its position in NextEra Energy Inc (NYSE:NEE) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,892 shares of the utilities provider’s stock after selling 87 shares during the period. Ocean Capital Management LLC’s holdings in NextEra Energy were worth $592,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of NEE. Meridian Financial Partners LLC grew its stake in NextEra Energy by 1.8% during the second quarter. Meridian Financial Partners LLC now owns 2,824 shares of the utilities provider’s stock worth $588,000 after buying an additional 49 shares during the period. Grove Bank & Trust grew its stake in NextEra Energy by 1.0% during the second quarter. Grove Bank & Trust now owns 4,954 shares of the utilities provider’s stock worth $1,015,000 after buying an additional 49 shares during the period. Bogart Wealth LLC grew its stake in NextEra Energy by 1.4% during the second quarter. Bogart Wealth LLC now owns 4,026 shares of the utilities provider’s stock worth $824,000 after buying an additional 54 shares during the period. Starfire Investment Advisers Inc. grew its stake in NextEra Energy by 2.9% during the first quarter. Starfire Investment Advisers Inc. now owns 1,973 shares of the utilities provider’s stock worth $381,000 after buying an additional 55 shares during the period. Finally, Ullmann Financial Group Inc. boosted its stake in shares of NextEra Energy by 2.7% in the second quarter. Ullmann Financial Group Inc. now owns 2,130 shares of the utilities provider’s stock valued at $436,000 after purchasing an additional 57 shares during the period. 75.76% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on NEE shares. KeyCorp started coverage on shares of NextEra Energy in a research note on Tuesday, June 4th. They issued an “overweight” rating and a $225.00 target price for the company. Credit Suisse Group upped their target price on shares of NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Morgan Stanley upped their target price on shares of NextEra Energy from $207.00 to $234.00 and gave the company an “overweight” rating in a research note on Tuesday. UBS Group upped their target price on shares of NextEra Energy from $225.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Finally, Wells Fargo & Co upped their target price on shares of NextEra Energy from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. NextEra Energy presently has an average rating of “Buy” and a consensus price target of $214.46.
NEE traded up $1.32 during trading on Thursday, hitting $216.28. The company had a trading volume of 100,773 shares, compared to its average volume of 1,556,911. The company has a market cap of $103.21 billion, a P/E ratio of 28.14, a PEG ratio of 3.22 and a beta of 0.22. The stock 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 1-year low of $164.25 and a 1-year high of $217.98.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.07. The firm had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $4.68 billion. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.08 earnings per share. Sell-side analysts predict that NextEra Energy Inc will post 8.38 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders 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 2.31%. NextEra Energy’s dividend payout ratio (DPR) is 64.94%.
NextEra Energy 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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