CWM Advisors LLC lifted its stake in NextEra Energy Inc (NYSE:NEE) by 10.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,185 shares of the utilities provider’s stock after acquiring an additional 744 shares during the period. NextEra Energy makes up about 0.7% of CWM Advisors LLC’s holdings, making the stock its 14th largest holding. CWM Advisors LLC’s holdings in NextEra Energy were worth $1,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Comerica Securities Inc. lifted its position in NextEra Energy by 98.4% during the fourth quarter. Comerica Securities Inc. now owns 3,628 shares of the utilities provider’s stock valued at $631,000 after buying an additional 1,799 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in NextEra Energy by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 892,125 shares of the utilities provider’s stock valued at $155,062,000 after buying an additional 26,810 shares in the last quarter. Actinver Wealth Management Inc. acquired a new position in NextEra Energy during the fourth quarter valued at approximately $613,000. Liberty Wealth Management LLC acquired a new position in NextEra Energy during the fourth quarter valued at approximately $49,000. Finally, Bath Savings Trust Co lifted its position in NextEra Energy by 0.5% during the first quarter. Bath Savings Trust Co now owns 54,250 shares of the utilities provider’s stock valued at $10,487,000 after buying an additional 276 shares in the last quarter. 75.76% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on NEE shares. Barclays cut shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price target on the stock. in a research report on Tuesday. Guggenheim boosted their target price on shares of NextEra Energy from $205.00 to $223.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Credit Suisse Group lifted their price target on shares of NextEra Energy from $231.00 to $232.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. KeyCorp initiated coverage on shares of NextEra Energy in a research note on Tuesday, June 4th. They issued an “overweight” rating and a $225.00 price target for the company. Finally, Wells Fargo & Co lifted their price target on shares of NextEra Energy from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $214.46.
NextEra Energy stock opened at $217.15 on Friday. The company has a 50-day simple moving average of $209.90 and a 200-day simple moving average of $197.19. The firm has a market capitalization of $103.30 billion, a P/E ratio of 28.20, a P/E/G ratio of 3.21 and a beta of 0.22. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.42 and a current ratio of 0.52. NextEra Energy Inc has a one year low of $164.25 and a one year high of $217.98.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $2.35 EPS for the quarter, topping the consensus estimate of $2.28 by $0.07. The business had revenue of $4.97 billion during the quarter, compared to analyst estimates of $4.68 billion. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The company’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.08 earnings per share. As a group, sell-side analysts forecast that NextEra Energy Inc will post 8.38 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 29th will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, August 28th. This represents a $5.00 annualized dividend and a dividend yield of 2.30%. NextEra Energy’s dividend payout ratio is currently 64.94%.
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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