NextEra Energy Inc (NYSE:NEE) Holdings Boosted by Hexavest Inc.

Hexavest Inc. grew its position in NextEra Energy Inc (NYSE:NEE) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 277,552 shares of the utilities provider’s stock after purchasing an additional 4,894 shares during the period. Hexavest Inc. owned about 0.06% of NextEra Energy worth $43,351,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Whalerock Point Partners LLC increased its holdings in shares of NextEra Energy by 0.3% during the 2nd quarter. Whalerock Point Partners LLC now owns 5,598 shares of the utilities provider’s stock valued at $784,000 after acquiring an additional 15 shares during the last quarter. First Interstate Bank grew 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 buying an additional 16 shares during the last quarter. Sfmg LLC grew 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 buying an additional 19 shares during the last quarter. South Texas Money Management Ltd. grew 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 buying an additional 19 shares during the last quarter. Finally, Savant Capital LLC lifted its position 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 buying an additional 20 shares during the period. 75.53% of the stock is currently owned by institutional investors.

Shares of NextEra Energy Inc (NEE) opened at $155.92 on Friday. NextEra Energy Inc has a 12 month low of $123.53 and a 12 month high of $159.64. The firm has a market capitalization of $73,340.00, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 2.57 and a beta of 0.28. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.52 and a current ratio of 0.64.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). The firm 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 was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.21 earnings per share. equities analysts anticipate that NextEra Energy Inc will post 7.72 EPS for the current fiscal year.

Several brokerages have issued reports on NEE. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. KeyCorp reissued a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a research note on Thursday, October 12th. Bank of America initiated coverage on NextEra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $166.00 target price on the stock. Credit Suisse Group initiated coverage on NextEra Energy in a report on Thursday, December 7th. They set an “outperform” rating and a $173.00 target price on the stock. Finally, Guggenheim restated a “buy” rating and issued a $177.00 price target on shares of NextEra Energy in a report on Wednesday, January 3rd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $162.00.

In related news, 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 directly owns 121,958 shares in the company, valued at $19,202,287.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.53% of the company’s stock.

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NextEra Energy 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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