North Star Investment Management Corp. lowered its stake in shares of NextEra Energy Inc. (NYSE:NEE) by 4.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,351 shares of the company’s stock after selling 304 shares during the period. North Star Investment Management Corp.’s holdings in NextEra Energy were worth $777,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. Global X Management Co. LLC increased its stake in NextEra Energy by 242.3% in the second quarter. Global X Management Co. LLC now owns 818 shares of the company’s stock valued at $107,000 after buying an additional 579 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its stake in NextEra Energy by 378.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 948 shares of the company’s stock valued at $124,000 after buying an additional 750 shares in the last quarter. Blue Chip Partners Inc. acquired a new stake in NextEra Energy during the second quarter valued at approximately $140,000. Jackson Grant Investment Advisers Inc. increased its stake in NextEra Energy by 7.0% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,080 shares of the company’s stock valued at $141,000 after buying an additional 71 shares in the last quarter. Finally, Cribstone Capital Management LLC acquired a new stake in NextEra Energy during the second quarter valued at approximately $149,000. 72.99% of the stock is currently owned by institutional investors.
NextEra Energy Inc. (NYSE:NEE) traded up 1.18% during mid-day trading on Friday, hitting $114.76. 1,152,326 shares of the stock traded hands. NextEra Energy Inc. has a 1-year low of $96.19 and a 1-year high of $131.98. The firm has a market capitalization of $53.62 billion, a P/E ratio of 21.69 and a beta of 0.26. The company has a 50-day moving average of $121.01 and a 200 day moving average of $123.60.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Monday, October 31st. The company reported $1.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.07. The company had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.87 billion. NextEra Energy had a net margin of 14.74% and a return on equity of 11.90%. During the same period in the prior year, the business earned $1.60 earnings per share. On average, equities research analysts anticipate that NextEra Energy Inc. will post $6.21 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 25th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Tuesday, November 22nd. NextEra Energy’s payout ratio is currently 66.29%.
Several equities research analysts recently commented on the stock. Mizuho reiterated a “buy” rating and set a $138.00 target price on shares of NextEra Energy in a research report on Tuesday, August 30th. Morgan Stanley reiterated a “buy” rating on shares of NextEra Energy in a research report on Monday, August 1st. Bank of America Corp. reiterated a “buy” rating and set a $149.00 target price on shares of NextEra Energy in a research report on Tuesday, September 27th. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Deutsche Bank AG downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 target price on the stock. in a research report on Friday, September 23rd. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $129.08.
In other NextEra Energy news, Director Amy B. Lane purchased 1,000 shares of NextEra Energy stock in a transaction on Wednesday, November 2nd. The shares were acquired at an average cost of $122.90 per share, for a total transaction of $122,900.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 5,022 shares of the stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $123.70, for a total transaction of $621,221.40. Following the transaction, the chief executive officer now owns 72,165 shares in the company, valued at $8,926,810.50. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.