Baldwin Brothers Inc. MA increased its position in shares of NextEra Energy Inc (NYSE:NEE) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 58,878 shares of the utilities provider’s stock after purchasing an additional 318 shares during the quarter. NextEra Energy makes up about 2.1% of Baldwin Brothers Inc. MA’s holdings, making the stock its 14th biggest position. Baldwin Brothers Inc. MA’s holdings in NextEra Energy were worth $13,718,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. USS Investment Management Ltd bought a new stake in shares of NextEra Energy during the 1st quarter worth $43,715,000. Interactive Financial Advisors acquired a new stake in NextEra Energy during the first quarter valued at approximately $128,000. Buckingham Capital Management Inc. boosted its holdings in NextEra Energy by 4.9% during the first quarter. Buckingham Capital Management Inc. now owns 13,958 shares of the utilities provider’s stock valued at $2,698,000 after purchasing an additional 651 shares in the last quarter. First Trust Advisors LP boosted its holdings in NextEra Energy by 2.8% during the first quarter. First Trust Advisors LP now owns 330,834 shares of the utilities provider’s stock valued at $63,957,000 after purchasing an additional 9,085 shares in the last quarter. Finally, Sawtooth Solutions LLC boosted its holdings in NextEra Energy by 15.7% during the first quarter. Sawtooth Solutions LLC now owns 10,120 shares of the utilities provider’s stock valued at $1,956,000 after purchasing an additional 1,370 shares in the last quarter. Institutional investors and hedge funds own 76.09% of the company’s stock.
Shares of NYSE:NEE traded down $1.39 during trading on Thursday, reaching $231.97. The stock had a trading volume of 89,250 shares, compared to its average volume of 2,128,435. NextEra Energy Inc has a 52 week low of $164.78 and a 52 week high of $234.27. The business’s 50-day moving average price is $224.57 and its 200 day moving average price is $207.26. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.42. The stock has a market capitalization of $111.42 billion, a PE ratio of 30.13, a P/E/G ratio of 3.47 and a beta of 0.18.
NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.68 billion. During the same quarter in the previous year, the company posted $2.08 earnings per share. NextEra Energy’s quarterly revenue was up 22.3% compared to the same quarter last year. Analysts forecast that NextEra Energy Inc will post 8.38 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 29th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Wednesday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 64.94%.
In other news, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $231.32, for a total value of $370,112.00. Following the completion of the transaction, the director now owns 16,237 shares in the company, valued at $3,755,942.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sherry S. Barrat sold 4,700 shares of NextEra Energy stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $218.57, for a total transaction of $1,027,279.00. The disclosure for this sale can be found here. Insiders sold 97,576 shares of company stock valued at $21,514,886 in the last quarter. 0.48% of the stock is currently owned by corporate insiders.
NEE has been the topic of a number of recent research reports. UBS Group lifted their price objective on NextEra Energy from $240.00 to $250.00 and gave the company a “buy” rating in a report on Friday, September 6th. Bank of America lifted their price objective on NextEra Energy from $215.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Guggenheim lifted their price objective on NextEra Energy from $230.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday. Barclays downgraded NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price objective on the stock. in a report on Tuesday, August 13th. Finally, Morgan Stanley set a $233.00 price objective on NextEra Energy and gave the company a “buy” rating in a report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. NextEra Energy presently has a consensus rating of “Buy” and an average target price of $219.85.
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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