Gables Capital Management Inc. boosted its position in NextEra Energy Inc (NYSE:NEE) by 45.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 739 shares of the utilities provider’s stock after purchasing an additional 230 shares during the quarter. Gables Capital Management Inc.’s holdings in NextEra Energy were worth $143,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its holdings in shares of NextEra Energy by 68.9% in the 3rd quarter. Nordea Investment Management AB now owns 315,997 shares of the utilities provider’s stock valued at $52,961,000 after purchasing an additional 128,947 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of NextEra Energy by 2.0% in the 3rd quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock valued at $6,907,634,000 after purchasing an additional 815,916 shares in the last quarter. Lynch & Associates IN increased its holdings in shares of NextEra Energy by 1.2% in the 4th quarter. Lynch & Associates IN now owns 15,624 shares of the utilities provider’s stock valued at $2,716,000 after purchasing an additional 178 shares in the last quarter. United Capital Management of KS Inc. purchased a new position in shares of NextEra Energy in the 4th quarter valued at about $232,000. Finally, Vision Capital Management Inc. increased its holdings in shares of NextEra Energy by 1.6% in the 4th quarter. Vision Capital Management Inc. now owns 35,796 shares of the utilities provider’s stock valued at $6,222,000 after purchasing an additional 571 shares in the last quarter. Institutional investors and hedge funds own 77.31% of the company’s stock.
In other NextEra Energy news, Director James L. Robo sold 15,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $187.87, for a total transaction of $2,818,050.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles E. Sieving sold 5,916 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $192.20, for a total transaction of $1,137,055.20. Following the transaction, the executive vice president now owns 51,454 shares of the company’s stock, valued at $9,889,458.80. The disclosure for this sale can be found here. Insiders have sold a total of 179,689 shares of company stock valued at $34,234,266 over the last 90 days. 0.48% of the stock is currently owned by insiders.
A number of equities analysts have recently issued reports on the stock. Credit Suisse Group set a $199.00 price target on shares of NextEra Energy and gave the company a “buy” rating in a report on Monday, April 22nd. Goldman Sachs Group downgraded shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price target for the company. in a report on Monday, April 8th. Wells Fargo & Co increased their price target on shares of NextEra Energy from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $213.00 price target for the company in a report on Thursday, April 25th. Finally, Morgan Stanley increased their price target on shares of NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 12th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $196.33.
NYSE:NEE opened at $188.61 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.46 and a debt-to-equity ratio of 0.79. NextEra Energy Inc has a twelve month low of $155.06 and a twelve month high of $195.55. The stock has a market cap of $91.23 billion, a price-to-earnings ratio of 24.49, a price-to-earnings-growth ratio of 2.92 and a beta of 0.28.
NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.19. NextEra Energy had a net margin of 17.13% and a return on equity of 10.26%. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period last year, the firm posted $1.94 EPS. On average, research analysts forecast that NextEra Energy Inc will post 8.41 EPS for the current year.
About NextEra Energy
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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