Capital Investment Advisory Services LLC grew its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 444.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,009 shares of the utilities provider’s stock after purchasing an additional 2,456 shares during the period. Capital Investment Advisory Services LLC’s holdings in NextEra Energy were worth $630,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. TRUE Private Wealth Advisors acquired a new stake in NextEra Energy in the 2nd quarter valued at approximately $25,000. Manchester Financial Inc. acquired a new stake in NextEra Energy in the 2nd quarter valued at approximately $26,000. Mackey Komara & Dankovich LLC grew its stake in shares of 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 acquiring an additional 625 shares in the last quarter. Ellis Investment Partners LLC acquired a new position in shares of NextEra Energy in the first quarter worth $32,000. Finally, Legacy Advisors LLC grew its stake in shares of 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 acquiring an additional 150 shares in the last quarter. 76.11% of the stock is currently owned by hedge funds and other institutional investors.
NEE has been the subject of several recent analyst reports. Wells Fargo & Co set a $240.00 price objective on shares of NextEra Energy and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Bank of America lifted their price objective on shares of NextEra Energy from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Credit Suisse Group boosted their price target on shares of NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Morgan Stanley set a $233.00 price objective on shares of NextEra Energy and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Barclays lowered shares of 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. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $217.77.
Shares of NEE stock opened at $220.74 on Friday. The firm has a market cap of $105.76 billion, a P/E ratio of 28.67, a P/E/G ratio of 3.25 and a beta of 0.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.42. NextEra Energy Inc has a 1-year low of $164.25 and a 1-year high of $225.96. The firm has a fifty day moving average of $216.51 and a two-hundred day moving average of $202.03.
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, topping the Zacks’ consensus estimate of $2.28 by $0.07. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The company had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same period last year, the firm posted $2.08 EPS. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, sell-side analysts expect that NextEra Energy Inc will post 8.38 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 29th will be given a $1.25 dividend. The ex-dividend date is Wednesday, August 28th. This represents a $5.00 annualized dividend and a yield of 2.27%. NextEra Energy’s dividend payout ratio is presently 64.94%.
In other NextEra Energy news, CEO John W. Ketchum sold 15,000 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $204.50, for a total transaction of $3,067,500.00. Following the transaction, the chief executive officer now owns 21,137 shares of the company’s stock, valued at approximately $4,322,516.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $202.90, for a total transaction of $324,640.00. Following the transaction, the director now directly owns 18,315 shares in the company, valued at approximately $3,716,113.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 98,894 shares of company stock worth $21,378,595. 0.48% of the stock is currently owned by insiders.
About NextEra Energy
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.
Further Reading: How Do Mutual Funds Work?
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.