UNIVEST FINANCIAL Corp lifted its stake in NextEra Energy Inc (NYSE:NEE) by 23.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,684 shares of the utilities provider’s stock after acquiring an additional 2,395 shares during the period. UNIVEST FINANCIAL Corp’s holdings in NextEra Energy were worth $3,046,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Lionsbridge Wealth Management LLC bought a new position in shares of NextEra Energy in the 4th quarter valued at approximately $25,000. Lion Street Advisors LLC bought a new position in shares of NextEra Energy in the 1st quarter valued at approximately $26,000. HHM Wealth Advisors LLC bought a new position in shares of NextEra Energy in the 1st quarter valued at approximately $30,000. AlphaCore Capital LLC bought a new position in shares of NextEra Energy in the 1st quarter valued at approximately $37,000. Finally, Column Capital Advisors LLC raised its stake in shares of NextEra Energy by 113.2% in the 1st quarter. Column Capital Advisors LLC now owns 162 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 86 shares in the last quarter. 77.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:NEE traded down $2.15 during trading on Thursday, hitting $251.12. 23,343 shares of the stock were exchanged, compared to its average volume of 1,871,780. NextEra Energy Inc has a 1-year low of $174.80 and a 1-year high of $283.35. The company has a market capitalization of $120.76 billion, a price-to-earnings ratio of 35.08, a price-to-earnings-growth ratio of 3.45 and a beta of 0.21. The company’s fifty day simple moving average is $245.69 and its 200-day simple moving average is $245.38. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.61 and a current ratio of 0.71.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, April 22nd. The utilities provider reported $2.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.12. NextEra Energy had a return on equity of 10.38% and a net margin of 17.77%. The company had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.88 billion. During the same quarter last year, the firm earned $2.20 EPS. NextEra Energy’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, research analysts forecast that NextEra Energy Inc will post 9.1 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Tuesday, June 2nd were issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Monday, June 1st. NextEra Energy’s payout ratio is presently 66.91%.
Several research analysts have commented on NEE shares. Barclays dropped their price target on NextEra Energy from $269.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 26th. UBS Group dropped their price target on NextEra Energy from $296.00 to $290.00 and set a “buy” rating on the stock in a research report on Monday, June 22nd. Credit Suisse Group dropped their price target on NextEra Energy from $256.00 to $252.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Finally, Morgan Stanley lifted their price target on NextEra Energy from $237.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. NextEra Energy has an average rating of “Hold” and a consensus price target of $256.00.
In related news, CEO James L. Robo sold 20,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $248.02, for a total value of $4,960,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Eric E. Silagy sold 7,389 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $236.13, for a total value of $1,744,764.57. Following the completion of the sale, the chief executive officer now directly owns 42,556 shares in the company, valued at approximately $10,048,748.28. The disclosure for this sale can be found here. Insiders have sold a total of 98,357 shares of company stock worth $22,818,449 in the last three months. 0.40% of the stock is owned by insiders.
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.
See Also: What is the Euro STOXX 50 Index?
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).
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.