NextEra Energy, Inc. (NEE) Shares Sold by Riverhead Capital Management LLC

Marco Green
October 27, 2017

The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.75 per share. (NASDAQ:NEE), 5 rate it "Buy", 7 "Outperform", 2 "Underperform", 0 "Sell", while 0 "Hold".

ILLEGAL ACTIVITY NOTICE: "NextEra Energy, Inc". The company is expected to benefit from increasing customer accounts and rising demand for power in Florida. The natural gas pipelines, which came online in second quarter, are expected to boost its performance. The Company's principal business includes mining. "Delay in completion of ongoing projects could also impact profitability".

In addition to this, MBCN's share price is trading below its true value according to its price-to-equity ratio of 14.5x compared to its industry as well as the wider stock market, which means it is relatively cheaper than its peers. Morgan Stanley raised their target price on shares of NextEra Energy from $167.00 to $169.00 and gave the stock an overweight rating in a report on Friday, September 8th. As per Monday, October 16, the company rating was upgraded by Goldman Sachs. BidaskClub downgraded NextEra Energy from a "buy" rating to a "hold" rating in a research note on Thursday, July 6th. Deutsche Bank upgraded the stock to "Buy" rating in Monday, January 30 report. They set an overweight rating and a $173.00 target price for the company.

Several research analysts recently weighed in on the stock. NextEra Energy has a consensus rating of Buy and a consensus price target of $154.69. Union Bancshares has invested 0.22% in NextEra Energy Inc (NYSE:NEE). NextEra Energy has a one year low of $110.49 and a one year high of $154.70. The company has a market cap of $2.14 billion, a PE ratio of 21.69 and a beta of 1.24. The company's 50-day moving average is $41.52 and its 200-day moving average is $37.84.

Woodstock Corp decreased Nextera Energy Inc (NEE) stake by 6.41% reported in 2017Q2 SEC filing. NextEra Energy Inc (NYSE:NEE) has risen 15.94% since October 26, 2016 and is uptrending. During the same quarter previous year, the business earned $1.67 earnings per share.

At USD 4.81 billion, total operating revenues were flat on the year. Equities analysts anticipate that NextEra Energy, Inc. will post $6.76 EPS for the current year. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and global trademark and copyright legislation. If you are reading this report on another domain, it was illegally stolen and republished in violation of worldwide copyright & trademark laws. The stock of NextEra Energy Inc (NYSE:NEE) earned "Buy" rating by BMO Capital Markets on Friday, June 2.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. The Ci Investments Inc holds 966,990 shares with $135.50M value, up from 520,890 last quarter. This percentage is calculated by adding the dividend yield plus the percentage of shares repurchased. NextEra Energy's dividend payout ratio is now 45.02%. Also, EVP Charles E. Sieving sold 30,485 shares of NextEra Energy stock in a transaction that occurred on Friday, September 22nd. Following the transaction, the executive vice president now owns 78,167 shares of the company's stock, valued at $11,456,155.52. The shares were sold at an average price of $146.56, for a total transaction of $4,467,881.60. The disclosure for this sale can be found here. The score helps determine if a company's stock is valuable or not.

NextEra Energy, Inc. shares increased 0.87 percent over the past week and rose 4.17 percent over the previous month. Jennison Associates LLC now owns 2,428,634 shares of the solar energy provider's stock valued at $89,835,000 after purchasing an additional 70,719 shares during the last quarter.

NextEra Energy, Inc. (NYSE:NEE) closed the last session at $153.86 and sees an average of 1282667.5 shares trade hands in each session. The firm owned 39,634 shares of the utilities provider's stock after acquiring an additional 12,986 shares during the quarter.

Riverhead Capital Management LLC decreased its holdings in shares of NextEra Energy, Inc. Camden National Bank now owns 3,660 shares of the utilities provider's stock valued at $470,000 after buying an additional 96 shares during the period. Lakeview Cap Partners Limited Liability owns 3,090 shares for 0.36% of their portfolio. Dai Ichi Life Insurance Company Ltd's holdings in NextEra Energy were worth $5,554,000 at the end of the most recent quarter. Pittenger Anderson stated it has 27,725 shares. Institutional investors own 75.39% of the company's stock. The two solar energy facilities are located in Riverside County, California and are co-owned by NextEra Energy Resources, GE Energy Financial Services, and Sumitomo Corporation of America. Underhill Investment Management Llc sold 87,250 shares as the company's stock declined 8.68% while stock markets rallied.

Other reports by Click Lancashire

Discuss This Article