Anchor Capital Advisors LLC bought a brand new stake in shares of NextEra Power, Inc. (NYSE:NEE – Free Report) in the course of the 2nd quarter, in line with its most up-to-date submitting with the Securities & Trade Fee. The institutional investor bought 2,955 shares of the utilities supplier’s inventory, valued at roughly $209,000.
Different institutional traders additionally just lately modified their holdings of the corporate. Proffitt & Goodson Inc. elevated its place in shares of NextEra Power by 64.0% within the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities supplier’s inventory price $26,000 after buying an extra 144 shares over the past quarter. Clear Funding Analysis LLC boosted its stake in NextEra Power by 387.2% within the fourth quarter. Clear Funding Analysis LLC now owns 458 shares of the utilities supplier’s inventory price $28,000 after shopping for an extra 364 shares within the final quarter. American Capital Advisory LLC boosted its stake in NextEra Power by 74.5% within the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities supplier’s inventory price $31,000 after shopping for an extra 205 shares within the final quarter. Neo Ivy Capital Administration bought a brand new stake in NextEra Power within the fourth quarter price roughly $40,000. Lastly, Household Agency Inc. bought a brand new stake in NextEra Power within the second quarter price roughly $40,000. 78.72% of the inventory is presently owned by institutional traders.
NextEra Power Worth Efficiency
NEE opened at $79.98 on Monday. The inventory has a fifty day easy transferring common of $76.13 and a two-hundred day easy transferring common of $70.49. The corporate has a present ratio of 0.49, a fast ratio of 0.41 and a debt-to-equity ratio of 1.15. The corporate has a market cap of $164.39 billion, a price-to-earnings ratio of 21.79, a price-to-earnings-growth ratio of two.90 and a beta of 0.56. NextEra Power, Inc. has a 12-month low of $47.15 and a 12-month excessive of $82.14.
NextEra Power (NYSE:NEE – Get Free Report) final posted its quarterly earnings knowledge on Wednesday, July twenty fourth. The utilities supplier reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The enterprise had income of $6.07 billion in the course of the quarter, in comparison with the consensus estimate of $7.29 billion. NextEra Power had a return on fairness of 11.75% and a internet margin of 24.45%. Throughout the identical quarter within the prior yr, the corporate earned $0.88 earnings per share. Analysis analysts predict that NextEra Power, Inc. will publish 3.39 earnings per share for the present fiscal yr.
NextEra Power Publicizes Dividend
The enterprise additionally just lately declared a quarterly dividend, which shall be paid on Monday, September sixteenth. Stockholders of document on Friday, August thirtieth shall be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, August thirtieth. This represents a $2.06 annualized dividend and a dividend yield of two.58%. NextEra Power’s payout ratio is presently 56.13%.
Insider Exercise
In associated information, EVP Nicole J. Daggs offered 658 shares of the inventory in a transaction on Thursday, August 1st. The inventory was offered at a mean worth of $76.97, for a complete transaction of $50,646.26. Following the sale, the chief vp now straight owns 100 shares of the corporate’s inventory, valued at $7,697. The transaction was disclosed in a authorized submitting with the Securities & Trade Fee, which is obtainable at this hyperlink. Company insiders personal 0.18% of the corporate’s inventory.
Analyst Scores Adjustments
A number of brokerages have issued studies on NEE. Scotiabank upped their goal worth on NextEra Power from $73.00 to $92.00 and gave the inventory a “sector outperform” ranking in a analysis observe on Tuesday, August twentieth. BMO Capital Markets elevated their worth goal on NextEra Power from $79.00 to $83.00 and gave the corporate an “outperform” ranking in a analysis observe on Monday, July fifteenth. Royal Financial institution of Canada elevated their worth goal on NextEra Power from $74.00 to $84.00 and gave the corporate an “outperform” ranking in a analysis observe on Wednesday, June twelfth. Barclays elevated their worth goal on NextEra Power from $75.00 to $76.00 and gave the corporate an “equal weight” ranking in a analysis observe on Friday, August sixteenth. Lastly, Mizuho lowered NextEra Power from a “purchase” ranking to a “impartial” ranking and set a $71.00 worth goal for the corporate. in a analysis observe on Wednesday, June twelfth. One analyst has rated the inventory with a promote ranking, 5 have assigned a maintain ranking and ten have given a purchase ranking to the corporate’s inventory. In response to MarketBeat, the corporate has a mean ranking of “Average Purchase” and a mean worth goal of $81.50.
Examine Out Our Newest Inventory Report on NextEra Power
NextEra Power Firm Profile
NextEra Power, Inc, by way of its subsidiaries, generates, transmits, distributes, and sells electrical energy to retail and wholesale prospects in North America. The corporate generates electrical energy by way of wind, photo voltaic, nuclear,pure gasoline, and different clear power. It additionally develops, constructs, and operates long-term contracted property that consists of fresh power options, corresponding to renewable era services, battery storage tasks, and electrical transmission services; sells power commodities; and owns, develops, constructs, manages and operates electrical era services in wholesale power markets.
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