Livforsakringsbolaget Skandia Omsesidigt lessened its stake in NextEra Energy Inc (NYSE:NEE) by 20.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,092 shares of the utilities provider’s stock after selling 1,800 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in NextEra Energy were worth $1,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cullinan Associates Inc. increased its holdings in NextEra Energy by 154.4% in the fourth quarter. Cullinan Associates Inc. now owns 14,910 shares of the utilities provider’s stock valued at $2,329,000 after buying an additional 9,050 shares in the last quarter. Berkshire Asset Management LLC PA increased its stake in shares of NextEra Energy by 290.1% during the 4th quarter. Berkshire Asset Management LLC PA now owns 10,793 shares of the utilities provider’s stock worth $1,686,000 after purchasing an additional 8,026 shares in the last quarter. CAPROCK Group Inc. increased its stake in shares of NextEra Energy by 16.1% during the 4th quarter. CAPROCK Group Inc. now owns 3,637 shares of the utilities provider’s stock worth $547,000 after purchasing an additional 504 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of NextEra Energy by 3.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,619,616 shares of the utilities provider’s stock worth $252,968,000 after purchasing an additional 59,040 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of NextEra Energy by 2.1% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 32,690 shares of the utilities provider’s stock worth $5,106,000 after purchasing an additional 685 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.
NEE has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Argus reaffirmed a “buy” rating and issued a $173.00 price target on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. Guggenheim reissued a “buy” rating and set a $182.00 target price on shares of NextEra Energy in a research note on Friday, January 26th. UBS Group assumed coverage on shares of NextEra Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $177.00 target price for the company. Finally, Morgan Stanley upped their price target on shares of NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. NextEra Energy currently has an average rating of “Buy” and a consensus target price of $162.00.
NextEra Energy Inc (NYSE:NEE) traded up $1.90 during trading hours on Monday, reaching $150.00. 2,025,417 shares of the company traded hands, compared to its average volume of 2,310,000. The firm has a market cap of $70,560.00, a PE ratio of 13.20, a P/E/G ratio of 2.43 and a beta of 0.28. NextEra Energy Inc has a 1 year low of $124.25 and a 1 year high of $159.64. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 1.07.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the prior year, the company posted $1.21 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. research analysts forecast that NextEra Energy Inc will post 7.72 EPS for the current fiscal year.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 9,250 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total transaction of $1,404,427.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the sale, the chief executive officer now directly 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.
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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.
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