Tandem Investment Advisors Inc. Increases Holdings in NextEra Energy Inc (NEE)

Tandem Investment Advisors Inc. raised its stake in NextEra Energy Inc (NYSE:NEE) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,491 shares of the utilities provider’s stock after buying an additional 1,607 shares during the quarter. NextEra Energy accounts for about 1.8% of Tandem Investment Advisors Inc.’s holdings, making the stock its 29th biggest position. Tandem Investment Advisors Inc.’s holdings in NextEra Energy were worth $5,387,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in NEE. Whalerock Point Partners LLC boosted its holdings in NextEra Energy by 0.3% in the 2nd quarter. Whalerock Point Partners LLC now owns 5,598 shares of the utilities provider’s stock valued at $784,000 after purchasing an additional 15 shares during the period. First Interstate Bank boosted its holdings in NextEra Energy by 1.3% in the 2nd quarter. First Interstate Bank now owns 1,259 shares of the utilities provider’s stock valued at $176,000 after purchasing an additional 16 shares during the period. Sfmg LLC boosted its holdings in NextEra Energy by 0.7% in the 2nd quarter. Sfmg LLC now owns 2,679 shares of the utilities provider’s stock valued at $375,000 after purchasing an additional 19 shares during the period. South Texas Money Management Ltd. boosted its holdings in NextEra Energy by 0.5% in the 2nd quarter. South Texas Money Management Ltd. now owns 3,604 shares of the utilities provider’s stock valued at $505,000 after purchasing an additional 19 shares during the period. Finally, Savant Capital LLC lifted its holdings in shares of NextEra Energy by 0.3% during the 2nd quarter. Savant Capital LLC now owns 6,181 shares of the utilities provider’s stock worth $866,000 after acquiring an additional 20 shares during the period. Hedge funds and other institutional investors own 75.53% of the company’s stock.

Shares of NextEra Energy Inc (NYSE NEE) traded up $3.32 during midday trading on Wednesday, hitting $158.42. 3,232,685 shares of the stock traded hands, compared to its average volume of 2,000,000. The company has a market cap of $74,520.00, a price-to-earnings ratio of 13.95, a PEG ratio of 2.72 and a beta of 0.31. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. NextEra Energy Inc has a one year low of $122.09 and a one year high of $159.40.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.06). The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.18 billion. NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $1.21 EPS. equities research analysts expect that NextEra Energy Inc will post 7.67 EPS for the current year.

In related news, CEO Armando Pimentel, Jr. sold 42,372 shares of NextEra Energy stock in a transaction that occurred 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 of the company’s stock, valued at approximately $19,202,287.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction that occurred 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. 0.53% of the stock is owned by company insiders.

NEE has been the subject of a number of analyst reports. Morgan Stanley raised their price objective on shares of NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Argus reiterated a “buy” rating and set a $173.00 target price on shares of NextEra Energy in a research report on Tuesday, December 5th. They noted that the move was a valuation call. Royal Bank of Canada reiterated a “buy” rating and set a $156.00 target price on shares of NextEra Energy in a research report on Tuesday, November 7th. Finally, Guggenheim reiterated a “buy” rating and set a $182.00 target price on shares of NextEra Energy in a research report on Friday, January 26th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $159.88.

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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.

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

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