QUANTRES ASSET MANAGEMENT Ltd Buys 2,700 Shares of NextEra Energy Inc (NYSE:NEE)

QUANTRES ASSET MANAGEMENT Ltd boosted its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 192.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,100 shares of the utilities provider’s stock after acquiring an additional 2,700 shares during the quarter. QUANTRES ASSET MANAGEMENT Ltd’s holdings in NextEra Energy were worth $640,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. BlackRock Inc. increased its position in NextEra Energy by 0.6% during the 2nd quarter. BlackRock Inc. now owns 38,051,440 shares of the utilities provider’s stock valued at $5,332,149,000 after buying an additional 217,972 shares in the last quarter. Vanguard Group Inc. grew its stake in NextEra Energy by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after purchasing an additional 1,503,907 shares during the last quarter. FMR LLC grew its stake in NextEra Energy by 1.1% during the 2nd quarter. FMR LLC now owns 7,767,929 shares of the utilities provider’s stock valued at $1,088,520,000 after purchasing an additional 87,224 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in NextEra Energy by 26.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock valued at $548,102,000 after purchasing an additional 777,351 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in NextEra Energy by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 2,772,914 shares of the utilities provider’s stock valued at $406,375,000 after purchasing an additional 76,379 shares during the last quarter. Institutional investors and hedge funds own 75.39% of the company’s stock.

In related news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction dated 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 legal filing with the SEC, which is available at the SEC website. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total value of $6,671,471.40. Following the completion of the transaction, 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. 0.53% of the stock is owned by company insiders.

NEE has been the topic of a number of recent research reports. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday. Guggenheim restated a “buy” rating and issued a $177.00 target price on shares of NextEra Energy in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. set a $169.00 price target on NextEra Energy and gave the stock a “hold” rating in a research report on Thursday, October 12th. Royal Bank of Canada reiterated a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a research report on Tuesday, November 7th. Finally, KeyCorp reissued a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a report on Thursday, October 12th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $159.56.

NextEra Energy Inc (NYSE NEE) opened at $150.32 on Friday. The company has a market capitalization of $70,710.00, a price-to-earnings ratio of 16.89, a PEG ratio of 2.78 and a beta of 0.31. NextEra Energy Inc has a 52-week low of $117.88 and a 52-week high of $159.40. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same period last year, the business posted $1.74 earnings per share. NextEra Energy’s revenue was up .1% compared to the same quarter last year. equities research analysts predict that NextEra Energy Inc will post 6.73 EPS for the current year.

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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.

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

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