Steinberg Global Asset Management lifted its position in NextEra Energy Inc (NYSE:NEE) by 36.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,794 shares of the utilities provider’s stock after acquiring an additional 744 shares during the period. Steinberg Global Asset Management’s holdings in NextEra Energy were worth $456,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. RPG Investment Advisory LLC purchased a new position in shares of NextEra Energy in the first quarter worth approximately $42,000. Flagship Harbor Advisors LLC grew its position in NextEra Energy by 8.2% during the first quarter. Flagship Harbor Advisors LLC now owns 3,608 shares of the utilities provider’s stock valued at $697,000 after purchasing an additional 272 shares in the last quarter. First Command Financial Services Inc. grew its position in NextEra Energy by 16.3% during the first quarter. First Command Financial Services Inc. now owns 2,969 shares of the utilities provider’s stock valued at $574,000 after purchasing an additional 417 shares in the last quarter. Raymond James Trust N.A. grew its position in NextEra Energy by 2.9% during the first quarter. Raymond James Trust N.A. now owns 39,925 shares of the utilities provider’s stock valued at $7,718,000 after purchasing an additional 1,130 shares in the last quarter. Finally, WP Advisors LLC purchased a new position in NextEra Energy during the first quarter valued at approximately $88,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.
NEE stock opened at $189.52 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $91.55 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 2.93 and a beta of 0.29. NextEra Energy Inc has a 12 month low of $155.06 and a 12 month high of $195.55.
NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 25th. The utilities provider reported $1.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.02). The business had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.84 billion. NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 earnings per share. On average, equities research analysts predict that NextEra Energy Inc will post 8.41 EPS for the current fiscal year.
In other NextEra Energy news, EVP Deborah H. Caplan sold 3,054 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $183.50, for a total value of $560,409.00. Following the completion of the sale, the executive vice president now directly owns 22,597 shares of the company’s stock, valued at $4,146,549.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $191.52, for a total transaction of $306,432.00. Following the completion of the sale, the director now owns 19,210 shares of the company’s stock, valued at $3,679,099.20. The disclosure for this sale can be found here. Insiders sold 173,773 shares of company stock valued at $33,097,211 over the last three months. Insiders own 0.55% of the company’s stock.
A number of research analysts recently commented on the stock. Goldman Sachs Group downgraded shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price objective on the stock. in a research report on Monday, April 8th. Zacks Investment Research raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. Guggenheim reaffirmed a “buy” rating and set a $205.00 price objective on shares of NextEra Energy in a research report on Monday, January 7th. Morgan Stanley boosted their price objective on shares of NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a research report on Tuesday, February 12th. Finally, Barclays raised shares of NextEra Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $187.00 to $207.00 in a research report on Wednesday, March 20th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. NextEra Energy currently has an average rating of “Buy” and a consensus target price of $183.08.
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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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