LS Investment Advisors LLC decreased its position in shares of NextEra Energy Inc (NYSE:NEE) by 16.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 18,908 shares of the utilities provider’s stock after selling 3,651 shares during the quarter. LS Investment Advisors LLC’s holdings in NextEra Energy were worth $3,287,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Contravisory Investment Management Inc. boosted 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 valued at $50,000 after purchasing an additional 178 shares in the last quarter. Signet Investment Advisory Group Inc. bought a new stake in NextEra Energy during the fourth quarter valued at about $69,000. Capital Advisors Ltd. LLC boosted its position in NextEra Energy by 323.5% during the third quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock valued at $109,000 after purchasing an additional 495 shares in the last quarter. CX Institutional boosted its position in NextEra Energy by 12.3% during the fourth quarter. CX Institutional now owns 641 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 70 shares in the last quarter. Finally, Private Ocean LLC boosted its position in NextEra Energy by 154.2% during the third quarter. Private Ocean LLC now owns 778 shares of the utilities provider’s stock valued at $130,000 after purchasing an additional 472 shares in the last quarter. 77.71% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Armando Pimentel, Jr. sold 35,347 shares of the firm’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $180.81, for a total value of $6,391,091.07. Following the completion of the transaction, the chief executive officer now directly owns 94,596 shares in the company, valued at $17,103,902.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $170.23, for a total value of $272,368.00. Following the completion of the transaction, the director now owns 20,100 shares of the company’s stock, valued at $3,421,623. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,678 shares of company stock valued at $13,469,072. 0.55% of the stock is currently owned by company insiders.
A number of brokerages recently weighed in on NEE. Credit Suisse Group raised their price objective on NextEra Energy from $186.00 to $193.00 and gave the company an “outperform” rating in a research report on Wednesday, December 12th. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $204.00 price objective on the stock in a research report on Monday, December 17th. Barclays increased their price target on NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a research note on Monday, November 19th. Argus increased their price target on NextEra Energy from $184.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Finally, Guggenheim reiterated a “buy” rating and issued a $205.00 price target on shares of NextEra Energy in a research note on Monday, January 7th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $178.42.
NextEra Energy stock opened at $183.01 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.36 and a quick ratio of 0.29. NextEra Energy Inc has a one year low of $146.86 and a one year high of $184.20. The stock has a market capitalization of $87.47 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 2.81 and a beta of 0.26.
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 analysts’ consensus estimates of $1.51 by ($0.02). NextEra Energy had a net margin of 39.74% and a return on equity of 10.01%. The business had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.84 billion. During the same quarter last year, the business posted $1.25 earnings per share. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, equities analysts predict that NextEra Energy Inc will post 8.4 earnings per share for the current year.
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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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