Buckley Wealth Management LLC purchased a new position in shares of NextEra Energy Inc (NYSE:NEE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,985 shares of the utilities provider’s stock, valued at approximately $466,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of NextEra Energy by 0.6% during the 2nd quarter. BlackRock Inc. now owns 38,051,440 shares of the utilities provider’s stock valued at $5,332,149,000 after purchasing an additional 217,972 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of NextEra Energy by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after purchasing an additional 1,503,907 shares in the last quarter. FMR LLC increased its holdings in shares of NextEra Energy by 1.1% during the 2nd quarter. FMR LLC now owns 7,767,929 shares of the utilities provider’s stock valued at $1,088,520,000 after purchasing an additional 87,224 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of NextEra Energy by 26.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock valued at $548,102,000 after purchasing an additional 777,351 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of NextEra Energy by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 2,772,914 shares of the utilities provider’s stock valued at $406,375,000 after purchasing an additional 76,379 shares in the last quarter. 75.24% of the stock is owned by institutional investors.
In related news, CEO Armando Pimentel, Jr. sold 42,372 shares of NextEra Energy 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of NextEra Energy stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total transaction of $1,404,427.50. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.
Several research firms have recently weighed in on NEE. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 target price for the company in a report on Tuesday, December 12th. Credit Suisse Group began coverage on shares of NextEra Energy in a report on Thursday, December 7th. They set an “outperform” rating and a $173.00 target price for the company. Guggenheim reaffirmed a “buy” rating and set a $182.00 target price on shares of NextEra Energy in a report on Friday, January 26th. Morgan Stanley lifted their target price on shares of NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Finally, UBS Group began coverage on shares of NextEra Energy in a report on Friday, February 2nd. They set a “buy” rating and a $177.00 target price for the company. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. NextEra Energy currently has a consensus rating of “Buy” and an average target price of $162.00.
Shares of NextEra Energy Inc (NYSE:NEE) opened at $150.00 on Tuesday. NextEra Energy Inc has a one year low of $124.52 and a one year high of $159.64. The stock has a market cap of $70,560.00, a price-to-earnings ratio of 13.20, a P/E/G ratio of 2.43 and a beta of 0.28. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the business posted $1.21 EPS. NextEra Energy’s revenue was up 8.4% compared to the same quarter last year. equities analysts expect that NextEra Energy Inc will post 7.72 earnings per share for the current fiscal year.
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About NextEra Energy
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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