Two Sigma Advisers LP reduced its stake in shares of NextEra Energy (NYSE:NEE) by 98.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,263 shares of the utilities provider’s stock after selling 117,000 shares during the quarter. Two Sigma Advisers LP’s holdings in NextEra Energy were worth $353,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. AXA boosted its stake in shares of NextEra Energy by 5.2% during the third 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 period. WealthTrust Fairport LLC purchased a new stake in shares of NextEra Energy during the fourth quarter valued at $201,000. Alliancebernstein L.P. boosted its stake in shares of NextEra Energy by 1.0% during the fourth quarter. Alliancebernstein L.P. now owns 2,664,040 shares of the utilities provider’s stock valued at $416,096,000 after purchasing an additional 26,147 shares during the period. Belpointe Asset Management LLC purchased a new stake in shares of NextEra Energy during the third quarter valued at $286,000. Finally, McCollum Christoferson Group LLC purchased a new stake in shares of NextEra Energy during the fourth quarter valued at $5,484,000. 76.37% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on NEE shares. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $182.00 target price for the company. in a research note on Wednesday, April 11th. UBS initiated coverage on NextEra Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $177.00 price objective for the company. Guggenheim restated a “buy” rating and issued a $182.00 price objective on shares of NextEra Energy in a report on Friday, January 26th. Morgan Stanley decreased their price objective on NextEra Energy from $170.00 to $168.00 and set an “overweight” rating for the company in a report on Thursday, March 8th. Finally, KeyCorp lifted their price objective on NextEra Energy from $165.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, April 18th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. NextEra Energy has a consensus rating of “Buy” and an average price target of $167.50.
NEE stock opened at $160.79 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $75,698.97, a P/E ratio of 24.00, a PEG ratio of 2.55 and a beta of 0.24. NextEra Energy has a 1-year low of $131.26 and a 1-year high of $165.15.
NextEra Energy (NYSE:NEE) last announced its 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 return on equity of 11.50% and a net margin of 31.28%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 earnings per share. sell-side analysts anticipate that NextEra Energy will post 7.72 EPS for the current fiscal year.
In other NextEra Energy news, Director James L. Robo sold 18,000 shares of the business’s stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $160.89, for a total value of $2,896,020.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total transaction of $1,404,427.50. The disclosure for this sale can be found here. Insiders sold 62,245 shares of company stock valued at $9,783,623 over the last quarter. 0.55% of the stock is currently owned by corporate insiders.
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About NextEra Energy
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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