Nicolet Bankshares Inc. boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 15.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,428 shares of the utilities provider’s stock after buying an additional 1,401 shares during the period. Nicolet Bankshares Inc.’s holdings in NextEra Energy were worth $764,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of NEE. Hillsdale Investment Management Inc. acquired a new position in shares of NextEra Energy during the second quarter valued at $32,000. Pinz Capital Management LP acquired a new position in shares of NextEra Energy during the first quarter valued at $37,000. Sage Financial Management Group Inc. acquired a new position in shares of NextEra Energy during the first quarter valued at $38,000. SRS Capital Advisors Inc. acquired a new position in shares of NextEra Energy during the second quarter valued at $39,000. Finally, Disciplined Investments LLC increased its holdings in shares of NextEra Energy by 35.0% during the second quarter. Disciplined Investments LLC now owns 540 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 140 shares during the period. 74.67% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on NEE. Morgan Stanley lowered their price target on NextEra Energy from $80.00 to $79.00 and set an “equal weight” rating on the stock in a report on Friday. Credit Suisse Group started coverage on NextEra Energy in a report on Wednesday, July 14th. They set an “outperform” rating and a $85.00 target price on the stock. Finally, Barclays lowered their target price on NextEra Energy from $82.00 to $78.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 25th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, NextEra Energy presently has an average rating of “Buy” and an average target price of $81.35.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, July 22nd. The utilities provider reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.01. NextEra Energy had a return on equity of 10.84% and a net margin of 18.69%. The business had revenue of $3.93 billion during the quarter, compared to analyst estimates of $4.91 billion. During the same quarter last year, the company posted $2.61 EPS. NextEra Energy’s revenue for the quarter was down 6.6% on a year-over-year basis. Analysts expect that NextEra Energy, Inc. will post 2.52 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Friday, August 27th were given a $0.385 dividend. The ex-dividend date was Thursday, August 26th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.88%. NextEra Energy’s dividend payout ratio (DPR) is 66.67%.
In other NextEra Energy news, EVP Deborah H. Caplan sold 6,896 shares of the firm’s stock in a transaction dated Monday, June 28th. The stock was sold at an average price of $75.00, for a total transaction of $517,200.00. Following the completion of the sale, the executive vice president now directly owns 123,339 shares in the company, valued at approximately $9,250,425. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John W. Ketchum sold 12,151 shares of the firm’s stock in a transaction dated Wednesday, September 15th. The stock was sold at an average price of $84.33, for a total value of $1,024,693.83. Following the sale, the chief executive officer now owns 84,895 shares of the company’s stock, valued at $7,159,195.35. The disclosure for this sale can be found here. Insiders sold a total of 23,213 shares of company stock valued at $1,891,838 in the last quarter. 0.38% of the stock is currently owned by corporate insiders.
NextEra Energy Company Profile
NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL & NEER. The FPL segment engages primarily in the generation, transmission, distribution and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.
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