O Brien Greene & Co. Inc lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 0.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 83,460 shares of the utilities provider’s stock after selling 564 shares during the period. NextEra Energy accounts for about 2.5% of O Brien Greene & Co. Inc’s investment portfolio, making the stock its 10th largest holding. O Brien Greene & Co. Inc’s holdings in NextEra Energy were worth $6,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. CIBC Private Wealth Group LLC raised its holdings in NextEra Energy by 10.9% in the 1st quarter. CIBC Private Wealth Group LLC now owns 4,047,193 shares of the utilities provider’s stock worth $306,008,000 after acquiring an additional 399,133 shares during the period. Quilter Plc raised its holdings in NextEra Energy by 22.0% in the 1st quarter. Quilter Plc now owns 283,995 shares of the utilities provider’s stock worth $21,472,000 after acquiring an additional 51,237 shares during the period. Ropes Wealth Advisors LLC raised its holdings in NextEra Energy by 0.4% in the 1st quarter. Ropes Wealth Advisors LLC now owns 95,310 shares of the utilities provider’s stock worth $7,060,000 after acquiring an additional 395 shares during the period. Insight Wealth Strategies LLC raised its holdings in NextEra Energy by 125.1% in the 1st quarter. Insight Wealth Strategies LLC now owns 24,589 shares of the utilities provider’s stock worth $1,859,000 after acquiring an additional 13,663 shares during the period. Finally, Ritholtz Wealth Management raised its holdings in NextEra Energy by 21.1% in the 1st quarter. Ritholtz Wealth Management now owns 6,899 shares of the utilities provider’s stock worth $522,000 after acquiring an additional 1,200 shares during the period. Hedge funds and other institutional investors own 75.02% of the company’s stock.
Several research analysts have recently issued reports on NEE shares. Barclays dropped their price objective on shares of NextEra Energy from $82.00 to $78.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 25th. Morgan Stanley upped their target price on shares of NextEra Energy from $72.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 18th. 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 target price on the stock. Finally, Credit Suisse Group raised shares of NextEra Energy from a “neutral” rating to an “outperform” rating and lowered their target price for the company from $87.00 to $85.00 in a research note on Monday, March 8th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $78.77.
NYSE NEE traded down $0.15 during trading hours on Friday, hitting $73.36. The company’s stock had a trading volume of 94,448 shares, compared to its average volume of 8,608,507. NextEra Energy, Inc. has a twelve month low of $58.44 and a twelve month high of $87.69. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 1.01. The firm has a market cap of $143.89 billion, a price-to-earnings ratio of 34.80, a P/E/G ratio of 3.71 and a beta of 0.17. The stock has a fifty day moving average of $75.38.
NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 20th. The utilities provider reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.08. NextEra Energy had a net margin of 24.34% and a return on equity of 10.81%. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The business’s quarterly revenue was down 19.2% on a year-over-year basis. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 2.51 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Wednesday, June 2nd will be given a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Tuesday, June 1st. NextEra Energy’s dividend payout ratio is 66.67%.
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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