Linscomb & Williams Inc. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,801 shares of the utilities provider’s stock after purchasing an additional 286 shares during the period. Linscomb & Williams Inc.’s holdings in NextEra Energy were worth $1,648,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in NEE. Safeguard Investment Advisory Group LLC acquired a new stake in NextEra Energy during the fourth quarter worth about $29,000. Northwest Investment Counselors LLC acquired a new stake in shares of NextEra Energy during the first quarter valued at about $29,000. Abundance Wealth Counselors acquired a new stake in shares of NextEra Energy during the first quarter valued at about $29,000. Emerson Wealth Management LLC acquired a new stake in shares of NextEra Energy during the first quarter valued at about $30,000. Finally, Mascoma Wealth Management LLC acquired a new stake in shares of NextEra Energy during the first quarter valued at about $35,000. Hedge funds and other institutional investors own 75.02% of the company’s stock.
NEE has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price target on shares of NextEra Energy from $72.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 18th. Barclays dropped their price target on shares of NextEra Energy from $82.00 to $78.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 25th. Sanford C. Bernstein initiated coverage on shares of NextEra Energy in a research note on Wednesday, March 3rd. They issued an “outperform” rating and a $88.00 price objective for the company. Finally, Credit Suisse Group raised shares of NextEra Energy from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from $87.00 to $85.00 in a research note on Monday, March 8th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $78.77.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 20th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.08. NextEra Energy had a net margin of 24.34% and a return on equity of 10.81%. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The firm’s quarterly revenue was down 19.2% on a year-over-year basis. As a group, analysts predict that NextEra Energy, Inc. will post 2.51 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Wednesday, June 2nd will be paid a $0.385 dividend. The ex-dividend date of this dividend is Tuesday, June 1st. This represents a $1.54 dividend on an annualized basis and a yield of 2.09%. NextEra Energy’s dividend payout ratio is currently 66.67%.
In other news, CEO Eric E. Silagy sold 4,764 shares of the business’s stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of $76.13, for a total transaction of $362,683.32. Following the completion of the sale, the chief executive officer now owns 176,548 shares in the company, valued at approximately $13,440,599.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ronald R. Reagan sold 3,750 shares of the business’s stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $80.00, for a total transaction of $300,000.00. Following the sale, the executive vice president now owns 32,209 shares of the company’s stock, valued at approximately $2,576,720. The disclosure for this sale can be found here. Insiders have sold a total of 232,416 shares of company stock valued at $17,414,387 in the last 90 days. Insiders own 0.38% of the company’s stock.
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 fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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