Allegis Investment Advisors LLC Acquires New Holdings in NextEra Energy Inc (NEE)

Allegis Investment Advisors LLC acquired a new position in NextEra Energy Inc (NYSE:NEE) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,410 shares of the utilities provider’s stock, valued at approximately $220,000.

A number of other hedge funds have also modified their holdings of the stock. Clarus Wealth Advisors bought a new position in NextEra Energy in the 4th quarter worth approximately $369,000. Crossmark Global Holdings Inc. grew its holdings in NextEra Energy by 5.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 56,442 shares of the utilities provider’s stock worth $8,816,000 after buying an additional 2,799 shares in the last quarter. WASHINGTON TRUST Co grew its holdings in NextEra Energy by 3.0% in the 4th quarter. WASHINGTON TRUST Co now owns 77,207 shares of the utilities provider’s stock worth $12,059,000 after buying an additional 2,284 shares in the last quarter. Stephens Inc. AR grew its holdings in NextEra Energy by 1.5% in the 4th quarter. Stephens Inc. AR now owns 34,673 shares of the utilities provider’s stock worth $5,416,000 after buying an additional 498 shares in the last quarter. Finally, Alps Advisors Inc. bought a new position in NextEra Energy in the 4th quarter worth approximately $203,000. 75.44% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Armando Pimentel, Jr. sold 9,250 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total transaction of $1,404,427.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total value of $6,671,471.40. Following the sale, the chief executive officer now 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. Corporate insiders own 0.53% of the company’s stock.

A number of equities analysts recently issued reports on the company. UBS Group assumed coverage on NextEra Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $177.00 price objective for the company. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Guggenheim reissued a “buy” rating and issued a $182.00 price objective on shares of NextEra Energy in a report on Friday, January 26th. JPMorgan Chase & Co. set a $169.00 price objective on NextEra Energy and gave the stock a “hold” rating in a report on Thursday, October 12th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $156.00 price objective on shares of NextEra Energy in a report on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. NextEra Energy has a consensus rating of “Buy” and a consensus price target of $162.00.

Shares of NextEra Energy Inc (NYSE NEE) opened at $145.29 on Friday. The firm has a market capitalization of $68,340.00, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 2.46 and a beta of 0.28. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.52. NextEra Energy Inc has a 52-week low of $124.18 and a 52-week high of $159.64.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.18 billion. NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $1.21 earnings per share. equities analysts predict that NextEra Energy Inc will post 7.72 EPS for the current fiscal 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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