CAPROCK Group Inc. Raises Stake in NextEra Energy Inc (NEE)

CAPROCK Group Inc. lifted its stake in shares of NextEra Energy Inc (NYSE:NEE) by 16.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,637 shares of the utilities provider’s stock after acquiring an additional 504 shares during the period. CAPROCK Group Inc.’s holdings in NextEra Energy were worth $547,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Achmea Investment Management B.V. grew its position in NextEra Energy by 61.5% in the third quarter. Achmea Investment Management B.V. now owns 52,613 shares of the utilities provider’s stock valued at $7,708,000 after purchasing an additional 20,028 shares in the last quarter. Almanack Investment Partners LLC. grew its position in NextEra Energy by 64.6% in the second quarter. Almanack Investment Partners LLC. now owns 2,163 shares of the utilities provider’s stock valued at $303,000 after purchasing an additional 849 shares in the last quarter. Colony Group LLC grew its position in NextEra Energy by 806.4% in the second quarter. Colony Group LLC now owns 15,517 shares of the utilities provider’s stock valued at $2,174,000 after purchasing an additional 13,805 shares in the last quarter. South Dakota Investment Council bought a new position in NextEra Energy in the third quarter valued at $2,535,000. Finally, Cookson Peirce & Co. Inc. bought a new position in NextEra Energy in the second quarter valued at $9,809,000. 75.41% of the stock is owned by institutional investors.

Shares of NextEra Energy Inc (NYSE NEE) opened at $151.88 on Thursday. The company has a market cap of $71,440.00, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 2.78 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. NextEra Energy Inc has a 12 month low of $117.91 and a 12 month high of $159.40.

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

A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $169.00 target price for the company in a research report on Friday, January 12th. Guggenheim reaffirmed a “buy” rating and issued a $177.00 target price on shares of NextEra Energy in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. set a $169.00 target price on shares of NextEra Energy and gave the company a “hold” rating in a research report on Thursday, October 12th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $156.00 target price on shares of NextEra Energy in a research report on Tuesday, November 7th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a research report on Thursday, October 12th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $159.56.

In other news, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the completion of the sale, the chief executive officer now owns 121,958 shares in the company, valued at approximately $19,202,287.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction of $4,545,600.00. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

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About NextEra Energy

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.

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

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