Ameritas Investment Partners Inc. lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 20.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,361 shares of the utilities provider’s stock after selling 7,820 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in NextEra Energy were worth $4,254,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of NEE. Nomura Holdings Inc. grew its position in NextEra Energy by 378.3% in the second quarter. Nomura Holdings Inc. now owns 38,204 shares of the utilities provider’s stock valued at $5,358,000 after acquiring an additional 30,217 shares during the last quarter. Bank of Nova Scotia grew its position in NextEra Energy by 73.6% in the second quarter. Bank of Nova Scotia now owns 186,612 shares of the utilities provider’s stock valued at $26,150,000 after acquiring an additional 79,091 shares during the last quarter. Cypress Capital Management LLC bought a new position in NextEra Energy in the second quarter valued at about $228,000. Raymond James Financial Services Advisors Inc. grew its position in NextEra Energy by 10.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 143,758 shares of the utilities provider’s stock valued at $20,146,000 after acquiring an additional 13,670 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. bought a new position in NextEra Energy in the second quarter valued at about $288,000. 75.23% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have issued reports on the company. BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada restated a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a report on Tuesday, November 7th. Morgan Stanley boosted their price target on NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, J P Morgan Chase & Co set a $169.00 price target on NextEra Energy and gave the stock a “hold” rating in a report on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. NextEra Energy presently has an average rating of “Buy” and an average target price of $155.38.
In other NextEra Energy news, EVP John W. Ketchum sold 2,900 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $150.00, for a total value of $435,000.00. Following the transaction, the executive vice president now directly owns 18,786 shares of the company’s stock, valued at $2,817,900. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total value of $4,467,881.60. Following the completion of the transaction, the executive vice president now directly owns 78,167 shares in the company, valued at $11,456,155.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,385 shares of company stock worth $9,748,482. Insiders own 0.53% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE NEE) opened at $158.40 on Wednesday. NextEra Energy, Inc. has a twelve month low of $112.63 and a twelve month high of $158.55. The company has a market capitalization of $73,748.94, a P/E ratio of 23.50, a P/E/G ratio of 3.12 and a beta of 0.31. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11.
NextEra Energy (NYSE:NEE) last announced its earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The business had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the prior year, the business posted $1.74 earnings per share. The firm’s revenue was up .1% on a year-over-year basis. equities analysts predict that NextEra Energy, Inc. will post 6.73 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a $0.9825 dividend. This represents a $3.93 annualized dividend and a yield of 2.48%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s payout ratio is presently 44.16%.
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About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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