Webster Bank N. A. reduced its position in NextEra Energy Inc (NYSE:NEE) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,792 shares of the utilities provider’s stock after selling 49 shares during the quarter. Webster Bank N. A.’s holdings in NextEra Energy were worth $911,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Orser Capital Management LLC increased its stake in shares of NextEra Energy by 20.0% in the 4th quarter. Orser Capital Management LLC now owns 1,200 shares of the utilities provider’s stock valued at $290,000 after purchasing an additional 200 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in shares of NextEra Energy by 4.1% in the fourth quarter. King Luther Capital Management Corp now owns 7,285 shares of the utilities provider’s stock worth $1,764,000 after acquiring an additional 290 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $587,000. Carret Asset Management LLC grew its holdings in shares of NextEra Energy by 5.1% during the 4th quarter. Carret Asset Management LLC now owns 4,122 shares of the utilities provider’s stock valued at $998,000 after purchasing an additional 200 shares during the last quarter. Finally, PSI Advisors LLC acquired a new position in NextEra Energy during the 4th quarter worth approximately $141,000. 77.08% of the stock is owned by institutional investors.
In other news, CEO Eric E. Silagy sold 7,389 shares of the company’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 owns 42,556 shares in the company, valued at approximately $10,048,748.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO James L. Robo sold 70,968 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $227.05, for a total transaction of $16,113,284.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 98,357 shares of company stock valued at $22,818,449. Company insiders own 0.40% of the company’s stock.
NextEra Energy stock traded down $3.23 during midday trading on Thursday, reaching $250.04. The stock had a trading volume of 470,317 shares, compared to its average volume of 1,871,780. The company has a fifty day moving average price of $245.69 and a two-hundred day moving average price of $245.38. The company has a market capitalization of $120.76 billion, a P/E ratio of 35.08, a PEG ratio of 3.45 and a beta of 0.21. The company has a current ratio of 0.71, a quick ratio of 0.61 and a debt-to-equity ratio of 1.01. NextEra Energy Inc has a 12 month low of $174.80 and a 12 month high of $283.35.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, April 22nd. The utilities provider reported $2.38 EPS for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.12. The business had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.88 billion. NextEra Energy had a net margin of 17.77% and a return on equity of 10.38%. NextEra Energy’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.20 EPS. On average, equities research analysts predict that NextEra Energy Inc will post 9.1 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Tuesday, June 2nd were issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Monday, June 1st. NextEra Energy’s dividend payout ratio is currently 66.91%.
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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