Jaffetilchin Investment Partners LLC Trims Holdings in NextEra Energy Inc (NEE)

Jaffetilchin Investment Partners LLC trimmed its position in shares of NextEra Energy Inc (NYSE:NEE) by 60.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,624 shares of the utilities provider’s stock after selling 4,033 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in NextEra Energy were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Chevy Chase Trust Holdings Inc. lifted its position in shares of NextEra Energy by 1.6% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 689,820 shares of the utilities provider’s stock worth $96,665,000 after acquiring an additional 10,897 shares in the last quarter. Liberty Capital Management Inc. lifted its position in shares of NextEra Energy by 151.5% during the second quarter. Liberty Capital Management Inc. now owns 1,660 shares of the utilities provider’s stock worth $234,000 after acquiring an additional 1,000 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in shares of NextEra Energy by 516.8% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 76,868 shares of the utilities provider’s stock worth $10,772,000 after acquiring an additional 64,406 shares in the last quarter. Ledyard National Bank lifted its position in shares of NextEra Energy by 1.4% during the second quarter. Ledyard National Bank now owns 14,479 shares of the utilities provider’s stock worth $2,029,000 after acquiring an additional 203 shares in the last quarter. Finally, Eqis Capital Management Inc. lifted its position in shares of NextEra Energy by 133.6% during the second quarter. Eqis Capital Management Inc. now owns 18,091 shares of the utilities provider’s stock worth $2,535,000 after acquiring an additional 10,348 shares in the last quarter. 75.39% of the stock is owned by institutional investors and hedge funds.

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

Shares of NextEra Energy Inc (NEE) opened at $150.50 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. NextEra Energy Inc has a 12-month low of $117.88 and a 12-month high of $159.40. The stock has a market capitalization of $70,790.00, a price-to-earnings ratio of 16.91, a P/E/G ratio of 2.80 and a beta of 0.31.

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

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday. Guggenheim restated a “buy” rating and set a $177.00 target price on shares of NextEra Energy in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. set a $169.00 target price on NextEra Energy and gave the stock a “hold” rating in a research report on Thursday, October 12th. Royal Bank of Canada restated a “buy” rating and set a $156.00 target price on shares of NextEra Energy in a research report on Tuesday, November 7th. Finally, KeyCorp restated a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a research report on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $159.63.

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About NextEra Energy

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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