Hexavest Inc. Has $43.35 Million Position in NextEra Energy Inc (NEE)

Hexavest Inc. lifted its position in shares of NextEra Energy Inc (NYSE:NEE) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 277,552 shares of the utilities provider’s stock after acquiring an additional 4,894 shares during the period. Hexavest Inc. owned approximately 0.06% of NextEra Energy worth $43,351,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Covenant Asset Management LLC boosted its holdings in NextEra Energy by 15.0% in the fourth quarter. Covenant Asset Management LLC now owns 2,663 shares of the utilities provider’s stock worth $416,000 after purchasing an additional 348 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in NextEra Energy by 7.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 91,949 shares of the utilities provider’s stock worth $14,360,000 after purchasing an additional 6,650 shares during the last quarter. KAMES CAPITAL plc purchased a new stake in NextEra Energy in the fourth quarter worth approximately $21,184,000. Rockland Trust Co. boosted its holdings in NextEra Energy by 0.9% in the fourth quarter. Rockland Trust Co. now owns 60,937 shares of the utilities provider’s stock worth $9,518,000 after purchasing an additional 541 shares during the last quarter. Finally, Bogart Wealth LLC boosted its holdings in NextEra Energy by 331.7% in the fourth quarter. Bogart Wealth LLC now owns 2,642 shares of the utilities provider’s stock worth $413,000 after purchasing an additional 2,030 shares during the last quarter. 75.39% of the stock is owned by institutional investors.

Shares of NextEra Energy Inc (NYSE:NEE) traded down $0.09 during trading on Friday, hitting $150.50. 1,887,600 shares of the stock traded hands, compared to its average volume of 2,127,075. The stock has a market cap of $70,710.00, a PE ratio of 16.91, a PEG ratio of 2.80 and a beta of 0.31. NextEra Energy Inc has a 1-year low of $117.88 and a 1-year high of $159.40. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.08. The business had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company posted $1.74 EPS. equities research analysts expect that NextEra Energy Inc will post 6.73 EPS for the current fiscal year.

In other news, CEO Armando Pimentel, Jr. sold 42,372 shares of NextEra Energy stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the transaction, the chief executive officer now owns 121,958 shares in the company, valued at approximately $19,202,287.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total transaction of $4,545,600.00. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

Several equities research analysts recently issued reports on NEE shares. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Tuesday, October 10th. JPMorgan Chase & Co. set a $169.00 target price on shares of NextEra Energy and gave the stock a “hold” rating in a report on Thursday, October 12th. KeyCorp restated a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a report on Thursday, October 12th. Bank of America started coverage on shares of NextEra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 target price on the stock. Finally, Royal Bank of Canada restated a “buy” rating and issued a $156.00 target price on shares of NextEra Energy in a report on Tuesday, November 7th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $159.56.

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NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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