CWM Advisors LLC lifted its stake in NextEra Energy Inc (NYSE:NEE) by 10.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,185 shares of the utilities provider’s stock after acquiring an additional 744 shares during the period. NextEra Energy makes up about 0.7% of CWM Advisors LLC’s holdings, making the stock its 14th largest holding. CWM Advisors LLC’s holdings in NextEra Energy were worth $1,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of the company. Comerica Securities Inc. increased its stake in shares of NextEra Energy by 98.4% in the fourth quarter. Comerica Securities Inc. now owns 3,628 shares of the utilities provider’s stock valued at $631,000 after buying an additional 1,799 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of NextEra Energy by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 892,125 shares of the utilities provider’s stock valued at $155,062,000 after buying an additional 26,810 shares in the last quarter. Actinver Wealth Management Inc. acquired a new stake in shares of NextEra Energy in the fourth quarter valued at $613,000. Liberty Wealth Management LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at $49,000. Finally, Bath Savings Trust Co increased its stake in shares of NextEra Energy by 0.5% in the first quarter. Bath Savings Trust Co now owns 54,250 shares of the utilities provider’s stock valued at $10,487,000 after buying an additional 276 shares in the last quarter. 75.76% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $202.90, for a total transaction of $324,640.00. Following the transaction, the director now owns 18,315 shares in the company, valued at approximately $3,716,113.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Charles E. Sieving sold 16,446 shares of NextEra Energy stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.08, for a total value of $3,290,515.68. Following the transaction, the executive vice president now owns 67,900 shares in the company, valued at approximately $13,585,432. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,787 shares of company stock worth $10,945,435. Company insiders own 0.48% of the company’s stock.
Shares of NEE opened at $217.15 on Friday. 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. The stock has a market cap of $103.30 billion, a P/E ratio of 28.20, a price-to-earnings-growth ratio of 3.21 and a beta of 0.22. The stock’s 50-day moving average price is $209.90 and its two-hundred day moving average price is $197.19.
NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.07. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The firm had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same quarter last year, the business earned $2.08 earnings per share. The company’s revenue was up 22.3% compared to the same quarter last year. As a group, equities analysts forecast that NextEra Energy Inc will post 8.38 EPS for the current year.
The business 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. This represents a $5.00 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Wednesday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 64.94%.
A number of analysts have recently weighed in on the company. Bank of America raised their target price on NextEra Energy from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. UBS Group raised their price target on NextEra Energy from $225.00 to $236.00 and gave the company a “buy” rating in a report on Friday, June 7th. KeyCorp initiated coverage on NextEra Energy in a report on Tuesday, June 4th. They issued an “overweight” rating and a $225.00 price target on the stock. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Finally, Scotiabank upgraded NextEra Energy from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $187.00 to $202.00 in a report on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. NextEra Energy presently has an average rating of “Buy” and a consensus target price of $214.46.
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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