Ecofin Ltd. cut its stake in shares of NextEra Energy Inc (NYSE:NEE) by 13.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 194,459 shares of the utilities provider’s stock after selling 29,301 shares during the period. NextEra Energy comprises approximately 6.8% of Ecofin Ltd.’s investment portfolio, making the stock its 7th largest holding. Ecofin Ltd.’s holdings in NextEra Energy were worth $30,373,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Achmea Investment Management B.V. lifted its stake in NextEra Energy by 61.5% during the 3rd quarter. Achmea Investment Management B.V. now owns 52,613 shares of the utilities provider’s stock valued at $7,708,000 after acquiring an additional 20,028 shares in the last quarter. Almanack Investment Partners LLC. increased its position in shares of NextEra Energy by 64.6% during the 2nd quarter. Almanack Investment Partners LLC. now owns 2,163 shares of the utilities provider’s stock valued at $303,000 after purchasing an additional 849 shares during the last quarter. AXA increased its position in shares of NextEra Energy by 5.2% during the 3rd quarter. AXA now owns 383,033 shares of the utilities provider’s stock valued at $56,133,000 after purchasing an additional 19,060 shares during the last quarter. Colony Group LLC increased its position in shares of NextEra Energy by 806.4% during the 2nd quarter. Colony Group LLC now owns 15,517 shares of the utilities provider’s stock valued at $2,174,000 after purchasing an additional 13,805 shares during the last quarter. Finally, South Dakota Investment Council purchased a new stake in shares of NextEra Energy during the 3rd quarter valued at $2,535,000. Institutional investors and hedge funds own 75.24% of the company’s stock.
Shares of NextEra Energy Inc (NEE) opened at $151.07 on Wednesday. NextEra Energy Inc has a twelve month low of $124.52 and a twelve month high of $159.64. The firm has a market capitalization of $70,559.64, a PE ratio of 22.35, a P/E/G ratio of 2.46 and a beta of 0.28. 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 (NYSE:NEE) last announced its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period last year, the business posted $1.21 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. analysts forecast that NextEra Energy Inc will post 7.72 earnings per share for the current year.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 target price for the company in a research report on Tuesday, December 12th. Credit Suisse Group assumed coverage on NextEra Energy in a research report on Thursday, December 7th. They set an “outperform” rating and a $173.00 target price for the company. Guggenheim reaffirmed a “buy” rating and set a $182.00 target price on shares of NextEra Energy in a research report on Friday, January 26th. Morgan Stanley raised their target price on NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Finally, UBS Group assumed coverage on NextEra Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $177.00 target price for the company. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $161.38.
In related news, CEO Armando Pimentel, Jr. sold 9,250 shares of NextEra Energy stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total value of $1,404,427.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of NextEra Energy stock in a transaction dated 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 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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