Pennsylvania Trust Co Has $28.52 Million Position in NextEra Energy Inc (NEE)

Pennsylvania Trust Co reduced its stake in shares of NextEra Energy Inc (NYSE:NEE) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,575 shares of the utilities provider’s stock after selling 2,788 shares during the quarter. NextEra Energy makes up 1.3% of Pennsylvania Trust Co’s holdings, making the stock its 15th largest position. Pennsylvania Trust Co’s holdings in NextEra Energy were worth $28,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of NEE. Janus Henderson Group PLC raised its stake in NextEra Energy by 2,832.8% in the second quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock valued at $252,287,000 after buying an additional 1,738,989 shares during the last quarter. Vanguard Group Inc. raised its stake in NextEra Energy by 4.6% in the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after buying an additional 1,503,907 shares during the last quarter. Principal Financial Group Inc. raised its stake in NextEra Energy by 122.5% in the second quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock valued at $207,281,000 after buying an additional 814,478 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in NextEra Energy by 26.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock valued at $548,102,000 after buying an additional 777,351 shares during the last quarter. Finally, BT Investment Management Ltd purchased a new stake in NextEra Energy in the second quarter valued at about $96,214,000. Hedge funds and other institutional investors own 75.41% of the company’s stock.

Several brokerages have recently issued reports on NEE. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a research note on Tuesday, December 12th. KeyCorp restated a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a research note on Thursday, October 12th. Argus restated a “buy” rating and issued a $173.00 price objective on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Royal Bank of Canada restated a “buy” rating and issued a $156.00 price objective on shares of NextEra Energy in a research note on Tuesday, November 7th. Finally, Bank of America began coverage on NextEra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. NextEra Energy currently has a consensus rating of “Buy” and a consensus target price of $159.56.

In related news, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the sale, the chief executive officer now directly owns 121,958 shares of the company’s stock, valued at $19,202,287.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.

Shares of NextEra Energy Inc (NYSE NEE) opened at $150.32 on Tuesday. The company has a market capitalization of $70,710.17, a PE ratio of 16.89, a P/E/G ratio of 2.78 and a beta of 0.31. NextEra Energy Inc has a 1-year low of $117.88 and a 1-year high of $159.40. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last posted its earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.77 by $0.08. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. NextEra Energy’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the company earned $1.74 earnings per share. analysts predict that NextEra Energy Inc will post 6.73 EPS for the current year.

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

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