Bessemer Group Inc. increased its holdings in NextEra Energy Inc (NYSE:NEE) by 26.2% in the fourth quarter, HoldingsChannel reports. The firm owned 7,918 shares of the utilities provider’s stock after purchasing an additional 1,645 shares during the period. Bessemer Group Inc.’s holdings in NextEra Energy were worth $1,237,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of NEE. Janus Henderson Group PLC boosted its holdings 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 worth $252,287,000 after purchasing an additional 1,738,989 shares in the last quarter. Vanguard Group Inc. boosted its holdings 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 worth $4,785,120,000 after purchasing an additional 1,503,907 shares in the last quarter. Principal Financial Group Inc. boosted its holdings 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 worth $207,281,000 after purchasing an additional 814,478 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings 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 worth $548,102,000 after purchasing an additional 777,351 shares in the last quarter. Finally, BT Investment Management Ltd bought a new stake in NextEra Energy in the second quarter worth $96,214,000. Hedge funds and other institutional investors own 75.44% of the company’s stock.
A number of equities research analysts recently issued reports on NEE shares. Morgan Stanley upped their price objective on shares of NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Argus restated a “buy” rating and set a $173.00 price target on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. UBS Group started coverage on shares of NextEra Energy in a report on Friday, February 2nd. They set a “buy” rating and a $177.00 price target for the company. Finally, Royal Bank of Canada restated a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a report on Tuesday, November 7th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $162.00.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.18 billion. NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.21 EPS. equities research analysts predict that NextEra Energy Inc will post 7.72 EPS for the current fiscal year.
In other news, CEO Armando Pimentel, Jr. sold 9,250 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total transaction of $1,404,427.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the company’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 transaction, the chief executive officer now directly owns 121,958 shares of the company’s stock, valued at approximately $19,202,287.10. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.
NextEra Energy 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.
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.