London Co. of Virginia Trims Stake in NextEra Energy Inc (NEE)

London Co. of Virginia trimmed its holdings in NextEra Energy Inc (NYSE:NEE) by 7.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,620 shares of the utilities provider’s stock after selling 125 shares during the period. London Co. of Virginia’s holdings in NextEra Energy were worth $282,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NEE. Acima Private Wealth LLC acquired a new position in NextEra Energy during the fourth quarter worth about $39,000. Westside Investment Management Inc. grew its position in NextEra Energy by 62.9% during the fourth quarter. Westside Investment Management Inc. now owns 259 shares of the utilities provider’s stock worth $45,000 after buying an additional 100 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new position in NextEra Energy during the fourth quarter worth about $46,000. PRW Wealth Management LLC acquired a new position in NextEra Energy during the fourth quarter worth about $49,000. Finally, Contravisory Investment Management Inc. grew its position in NextEra Energy by 161.8% during the fourth quarter. Contravisory Investment Management Inc. now owns 288 shares of the utilities provider’s stock worth $50,000 after buying an additional 178 shares during the period. 75.70% of the stock is owned by institutional investors and hedge funds.

NEE stock opened at $188.50 on Wednesday. The company has a market capitalization of $91.27 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 2.93 and a beta of 0.29. NextEra Energy Inc has a 12 month low of $155.06 and a 12 month high of $192.16. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 0.72.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 25th. The utilities provider reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). The business had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.84 billion. NextEra Energy had a net margin of 39.74% and a return on equity of 10.01%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.25 earnings per share. Equities analysts anticipate that NextEra Energy Inc will post 8.4 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 28th were given a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $1.11. This represents a $5.00 annualized dividend and a dividend yield of 2.65%. NextEra Energy’s dividend payout ratio is currently 64.94%.

Several brokerages have weighed in on NEE. Barclays upgraded shares of NextEra Energy from an “equal weight” rating to an “overweight” rating in a research report on Wednesday. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 target price on the stock in a research report on Wednesday, January 30th. Credit Suisse Group upped their target price on shares of NextEra Energy from $186.00 to $193.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 12th. Guggenheim restated a “buy” rating and set a $205.00 target price on shares of NextEra Energy in a research report on Monday, January 7th. Finally, Morgan Stanley upped their target price on shares of NextEra Energy from $184.00 to $188.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 12th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. NextEra Energy currently has an average rating of “Buy” and an average target price of $180.50.

In related news, EVP Deborah H. Caplan sold 3,054 shares of the company’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $183.50, for a total transaction of $560,409.00. Following the transaction, the executive vice president now owns 22,597 shares of the company’s stock, valued at $4,146,549.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $170.23, for a total transaction of $272,368.00. Following the transaction, the director now directly owns 20,100 shares in the company, valued at approximately $3,421,623. The disclosure for this sale can be found here. Insiders sold 173,773 shares of company stock worth $33,063,147 over the last quarter. Company insiders own 0.55% of the company’s stock.

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NextEra Energy Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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

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