Tandem Investment Advisors Inc. raised its position in shares of NextEra Energy Inc (NYSE:NEE) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,491 shares of the utilities provider’s stock after acquiring an additional 1,607 shares during the period. NextEra Energy makes up approximately 1.8% of Tandem Investment Advisors Inc.’s holdings, making the stock its 29th biggest holding. Tandem Investment Advisors Inc.’s holdings in NextEra Energy were worth $5,387,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. BlackRock Inc. lifted its holdings in shares of NextEra Energy by 0.6% in the 2nd quarter. BlackRock Inc. now owns 38,051,440 shares of the utilities provider’s stock worth $5,332,149,000 after buying an additional 217,972 shares during the period. Vanguard Group Inc. lifted its holdings in shares of NextEra Energy by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock worth $4,785,120,000 after buying an additional 1,503,907 shares during the period. FMR LLC lifted its holdings in shares of NextEra Energy by 1.1% in the 2nd quarter. FMR LLC now owns 7,767,929 shares of the utilities provider’s stock worth $1,088,520,000 after buying an additional 87,224 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of NextEra Energy by 26.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock worth $548,102,000 after buying an additional 777,351 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of NextEra Energy by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 2,772,914 shares of the utilities provider’s stock worth $406,375,000 after buying an additional 76,379 shares during the period. 75.41% of the stock is currently owned by hedge funds and other institutional investors.
NextEra Energy Inc (NYSE NEE) traded up $0.01 during trading on Tuesday, reaching $150.33. The company had a trading volume of 772,589 shares, compared to its average volume of 2,068,122. The firm has a market capitalization of $70,710.00, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 2.78 and a beta of 0.31. NextEra Energy Inc has a 12-month low of $117.88 and a 12-month 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 issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.77 by $0.08. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. NextEra Energy’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the company earned $1.74 earnings per share. sell-side analysts anticipate that NextEra Energy Inc will post 6.73 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on NEE shares. Morgan Stanley increased their price target on NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Argus reiterated a “buy” rating and issued a $173.00 price target on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Royal Bank of Canada reiterated a “buy” rating and issued a $156.00 price target on shares of NextEra Energy in a research note on Tuesday, November 7th. Finally, JPMorgan Chase & Co. set a $169.00 price objective on NextEra Energy and gave the company a “hold” rating in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. NextEra Energy has an average rating of “Buy” and a consensus target price of $159.56.
In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the firm’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s 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 sale, the chief executive officer now directly owns 121,958 shares of the company’s stock, 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.
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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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