WFG Advisors LP lowered its position in NextEra Energy Inc (NYSE:NEE) by 22.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,089 shares of the utilities provider’s stock after selling 1,178 shares during the period. WFG Advisors LP’s holdings in NextEra Energy were worth $220,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Flow Traders U.S. LLC bought a new stake in shares of NextEra Energy during the third quarter worth $129,000. James Investment Research Inc. raised its stake in shares of NextEra Energy by 47.2% in the third quarter. James Investment Research Inc. now owns 1,073 shares of the utilities provider’s stock worth $131,000 after buying an additional 344 shares during the period. Woodmont Investment Counsel LLC bought a new stake in shares of NextEra Energy during the third quarter worth $138,000. Pacific Center for Financial Services bought a new stake in shares of NextEra Energy during the fourth quarter worth $136,000. Finally, Norway Savings Bank bought a new stake in shares of NextEra Energy during the fourth quarter worth $158,000. 73.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of NextEra Energy Inc (NYSE:NEE) traded up 1.64% on Friday, hitting $133.02. 2,620,162 shares of the company’s stock were exchanged. NextEra Energy Inc has a 12-month low of $110.49 and a 12-month high of $134.33. The stock has a market cap of $62.20 billion, a price-to-earnings ratio of 21.28 and a beta of 0.23. The company’s 50-day moving average price is $130.45 and its 200 day moving average price is $123.33.
NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, April 21st. The utilities provider reported $1.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.24. The company had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.99 billion. NextEra Energy had a net margin of 17.92% and a return on equity of 11.74%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.55 earnings per share. On average, equities analysts predict that NextEra Energy Inc will post $6.62 earnings per share for the current fiscal year.
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A number of brokerages have recently weighed in on NEE. Royal Bank of Canada reissued a “buy” rating and set a $143.00 price objective on shares of NextEra Energy in a report on Tuesday, March 14th. Mizuho boosted their price objective on shares of NextEra Energy from $138.00 to $141.00 and gave the company a “buy” rating in a report on Monday, March 20th. Deutsche Bank AG upped their price target on shares of NextEra Energy from $128.00 to $132.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Monday, April 3rd. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $135.00 price target on shares of NextEra Energy in a report on Friday, March 31st. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. NextEra Energy currently has a consensus rating of “Buy” and a consensus price target of $138.50.
In other NextEra Energy news, insider Manoochehr K. Nazar sold 23,674 shares of the stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $130.86, for a total transaction of $3,097,979.64. Following the sale, the insider now directly owns 114,721 shares of the company’s stock, valued at $15,012,390.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James L. Robo sold 30,000 shares of the stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $122.60, for a total transaction of $3,678,000.00. The disclosure for this sale can be found here. Insiders have sold 66,200 shares of company stock worth $8,415,204 over the last three months. 0.66% of the stock is owned by corporate insiders.
NextEra Energy Company 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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