Eqis Capital Management Inc. boosted its position in shares of NextEra Energy Inc (NYSE:NEE) by 8.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,743 shares of the utilities provider’s stock after buying an additional 622 shares during the period. Eqis Capital Management Inc.’s holdings in NextEra Energy were worth $994,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in NextEra Energy during the fourth quarter worth about $678,763,000. Caisse DE Depot ET Placement DU Quebec increased its stake in NextEra Energy by 12.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,200,086 shares of the utilities provider’s stock worth $636,075,000 after buying an additional 562,213 shares during the period. APG Asset Management N.V. increased its stake in NextEra Energy by 75.0% in the first quarter. APG Asset Management N.V. now owns 1,971,565 shares of the utilities provider’s stock worth $253,090,000 after buying an additional 844,862 shares during the period. Teachers Advisors LLC increased its stake in NextEra Energy by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 1,738,140 shares of the utilities provider’s stock worth $207,638,000 after buying an additional 23,628 shares during the period. Finally, Commonwealth Bank of Australia increased its stake in NextEra Energy by 10.0% in the third quarter. Commonwealth Bank of Australia now owns 1,729,269 shares of the utilities provider’s stock worth $211,524,000 after buying an additional 157,316 shares during the period. 73.69% of the stock is owned by hedge funds and other institutional investors.
Shares of NextEra Energy Inc (NEE) opened at 141.85 on Tuesday. The stock has a 50 day moving average price of $135.89 and a 200 day moving average price of $126.73. NextEra Energy Inc has a 12 month low of $110.49 and a 12 month high of $142.93. The stock has a market cap of $66.41 billion, a P/E ratio of 17.26 and a beta of 0.23.
NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, April 21st. The utilities provider reported $1.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.24. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.99 billion. NextEra Energy had a net margin of 40.06% and a return on equity of 25.48%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.55 earnings per share. Equities analysts anticipate that NextEra Energy Inc will post $6.68 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Tuesday, May 30th will be given a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a yield of 2.77%. The ex-dividend date is Thursday, May 25th. NextEra Energy’s payout ratio is 56.04%. A number of equities research analysts have issued reports on NEE shares. Deutsche Bank AG boosted their price target on NextEra Energy from $128.00 to $132.00 and gave the company a “hold” rating in a research report on Tuesday, April 11th. Royal Bank of Canada reissued a “buy” rating and set a $144.00 price target on shares of NextEra Energy in a research report on Tuesday, May 2nd. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 3rd. Mizuho boosted their price target on NextEra Energy from $138.00 to $141.00 and gave the company a “buy” rating in a research report on Monday, March 20th. Finally, Barclays PLC reissued an “overweight” rating and set a $150.00 price target (up previously from $139.00) on shares of NextEra Energy in a research report on Sunday, April 23rd. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $141.30.
In other NextEra Energy news, Director Eric E. Silagy sold 8,111 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the transaction, the director now directly owns 26,884 shares of the company’s stock, valued at $3,779,352.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph T. Kelliher sold 8,068 shares of the stock in a transaction on Monday, April 17th. The stock was sold at an average price of $130.67, for a total transaction of $1,054,245.56. Following the transaction, the executive vice president now directly owns 38,634 shares in the company, valued at $5,048,304.78. The disclosure for this sale can be found here. Insiders have sold 102,311 shares of company stock worth $13,774,147 over the last three months. Company insiders own 0.66% of the company’s stock. About NextEra Energy
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