Honkamp Krueger Financial Services Inc. cut its position in shares of NextEra Energy Inc (NYSE:NEE) by 1.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,430 shares of the utilities provider’s stock after selling 119 shares during the quarter. Honkamp Krueger Financial Services Inc.’s holdings in NextEra Energy were worth $1,554,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Railway Pension Investments Ltd purchased a new stake in shares of NextEra Energy in the second quarter worth about $13,001,000. California Public Employees Retirement System boosted its position in shares of NextEra Energy by 20.1% in the first quarter. California Public Employees Retirement System now owns 2,886,266 shares of the utilities provider’s stock worth $557,973,000 after buying an additional 483,263 shares during the period. Thoroughbred Financial Services LLC boosted its position in shares of NextEra Energy by 20,386.0% in the second quarter. Thoroughbred Financial Services LLC now owns 435,942 shares of the utilities provider’s stock worth $43,594,000 after buying an additional 433,814 shares during the period. Pictet Asset Management Ltd. boosted its position in shares of NextEra Energy by 23.6% in the first quarter. Pictet Asset Management Ltd. now owns 2,021,758 shares of the utilities provider’s stock worth $390,846,000 after buying an additional 385,763 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of NextEra Energy by 669.5% in the first quarter. Assenagon Asset Management S.A. now owns 363,414 shares of the utilities provider’s stock worth $70,255,000 after buying an additional 316,186 shares during the period. Institutional investors own 76.24% of the company’s stock.
NEE traded up $0.28 on Friday, reaching $221.90. The company’s stock had a trading volume of 2,244,893 shares, compared to its average volume of 1,794,369. The stock has a market cap of $106.18 billion, a price-to-earnings ratio of 28.82, a price-to-earnings-growth ratio of 3.30 and a beta of 0.22. NextEra Energy Inc has a 1 year low of $164.25 and a 1 year high of $224.20. 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 business’s 50 day moving average is $212.04 and its 200 day moving average is $198.45.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.07. The firm had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $4.68 billion. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. NextEra Energy’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.08 earnings per share. As a group, research analysts forecast that NextEra Energy Inc will post 8.35 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 29th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Wednesday, August 28th. NextEra Energy’s dividend payout ratio is currently 64.94%.
In related news, Director James L. Robo sold 15,000 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $204.86, for a total value of $3,072,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph T. Kelliher sold 5,741 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $207.26, for a total value of $1,189,879.66. Following the completion of the transaction, the executive vice president now directly owns 37,235 shares of the company’s stock, valued at approximately $7,717,326.10. The disclosure for this sale can be found here. Insiders sold 81,878 shares of company stock valued at $17,312,768 in the last three months. 0.48% of the stock is currently owned by company insiders.
Several equities research analysts have recently weighed in on the company. Scotiabank raised NextEra Energy from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $187.00 to $202.00 in a research report on Wednesday, May 8th. UBS Group upped their target price on NextEra Energy from $225.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Credit Suisse Group upped their target price on NextEra Energy from $231.00 to $232.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Bank of America upped their target price on NextEra Energy from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Finally, KeyCorp assumed coverage on NextEra Energy in a research report on Tuesday, June 4th. They issued an “overweight” rating and a $225.00 target price for the company. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $214.38.
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 natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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