Empirical Finance LLC Buys 402 Shares of NextEra Energy Inc (NYSE:NEE)

Empirical Finance LLC raised its stake in shares of NextEra Energy Inc (NYSE:NEE) by 14.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,194 shares of the utilities provider’s stock after acquiring an additional 402 shares during the period. Empirical Finance LLC’s holdings in NextEra Energy were worth $767,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Blue Fin Capital Inc. lifted its stake in shares of NextEra Energy by 0.4% in the 1st quarter. Blue Fin Capital Inc. now owns 9,612 shares of the utilities provider’s stock worth $2,312,000 after purchasing an additional 41 shares during the period. Investors Financial Group LLC lifted its stake in shares of NextEra Energy by 4.7% in the 1st quarter. Investors Financial Group LLC now owns 936 shares of the utilities provider’s stock worth $225,000 after purchasing an additional 42 shares during the period. Horan Capital Advisors LLC. increased its holdings in NextEra Energy by 5.3% in the 1st quarter. Horan Capital Advisors LLC. now owns 832 shares of the utilities provider’s stock worth $200,000 after acquiring an additional 42 shares in the last quarter. HCR Wealth Advisors increased its holdings in NextEra Energy by 0.3% in the 1st quarter. HCR Wealth Advisors now owns 16,612 shares of the utilities provider’s stock worth $3,997,000 after acquiring an additional 44 shares in the last quarter. Finally, Lenox Wealth Advisors LLC increased its holdings in NextEra Energy by 4.3% in the 2nd quarter. Lenox Wealth Advisors LLC now owns 1,149 shares of the utilities provider’s stock worth $276,000 after acquiring an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 77.00% of the company’s stock.

Shares of NEE opened at $274.33 on Tuesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.71 and a quick ratio of 0.61. NextEra Energy Inc has a 1 year low of $174.80 and a 1 year high of $283.35. The company has a 50 day simple moving average of $251.44 and a two-hundred day simple moving average of $246.64. The firm has a market cap of $134.78 billion, a P/E ratio of 32.17, a price-to-earnings-growth ratio of 3.85 and a beta of 0.21.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, April 22nd. The utilities provider reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.12. NextEra Energy had a net margin of 17.77% and a return on equity of 10.38%. The business had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.88 billion. During the same period last year, the firm posted $2.20 EPS. The company’s revenue was up 13.2% on a year-over-year basis. On average, sell-side analysts anticipate that NextEra Energy Inc will post 9.1 earnings per share for the current year.

Several equities research analysts recently issued reports on NEE shares. Morgan Stanley increased their target price on shares of NextEra Energy from $240.00 to $246.00 and gave the stock an “equal weight” rating in a report on Friday. Barclays reduced their target price on shares of NextEra Energy from $269.00 to $220.00 and set an “equal weight” rating for the company in a report on Thursday, March 26th. UBS Group reduced their target price on shares of NextEra Energy from $296.00 to $290.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Finally, Credit Suisse Group reduced their target price on shares of NextEra Energy from $256.00 to $252.00 and set a “neutral” rating for the company in a report on Friday, April 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $256.46.

In other news, EVP Ronald R. Reagan sold 367 shares of the stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $272.51, for a total transaction of $100,011.17. Following the completion of the transaction, the executive vice president now directly owns 9,074 shares in the company, valued at approximately $2,472,755.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sherry S. Barrat sold 2,200 shares of the stock in a transaction that occurred on Tuesday, July 14th. The shares were sold at an average price of $256.24, for a total value of $563,728.00. The disclosure for this sale can be found here. Insiders have sold a total of 100,924 shares of company stock valued at $23,482,188 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

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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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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