First National Advisers LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 26.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,816 shares of the utilities provider’s stock after acquiring an additional 3,520 shares during the period. NextEra Energy accounts for approximately 2.0% of First National Advisers LLC’s investment portfolio, making the stock its 6th biggest holding. First National Advisers LLC’s holdings in NextEra Energy were worth $1,319,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its position in NextEra Energy by 0.8% during the second quarter. Legal & General Group Plc now owns 16,099,565 shares of the utilities provider’s stock worth $1,247,074,000 after buying an additional 124,572 shares during the period. Pictet Asset Management SA increased its position in NextEra Energy by 6.2% during the second quarter. Pictet Asset Management SA now owns 11,579,348 shares of the utilities provider’s stock worth $896,936,000 after buying an additional 675,372 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of NextEra Energy by 3.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,309,930 shares of the utilities provider’s stock valued at $788,644,000 after purchasing an additional 282,012 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of NextEra Energy by 7.6% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,105,093 shares of the utilities provider’s stock valued at $627,821,000 after purchasing an additional 569,399 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of NextEra Energy by 1.5% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 7,093,315 shares of the utilities provider’s stock valued at $549,448,000 after purchasing an additional 104,588 shares during the last quarter. Institutional investors and hedge funds own 76.17% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have weighed in on NEE. BMO Capital Markets lifted their target price on NextEra Energy from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Monday, October 31st. StockNews.com started coverage on NextEra Energy in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Credit Suisse Group lifted their price target on NextEra Energy to $89.00 in a research note on Tuesday, November 1st. Wells Fargo & Company lifted their price target on NextEra Energy from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, January 10th. Finally, Guggenheim decreased their price target on NextEra Energy from $108.00 to $99.00 in a research note on Monday, October 24th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.40.
Insider Transactions at NextEra Energy
NextEra Energy Price Performance
NEE traded down $7.21 during trading on Wednesday, reaching $76.69. 6,724,117 shares of the stock were exchanged, compared to its average volume of 6,111,076. The business’s 50 day moving average price is $84.31 and its two-hundred day moving average price is $83.10. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.46 and a quick ratio of 0.40. The company has a market capitalization of $152.40 billion, a price-to-earnings ratio of 40.14, a P/E/G ratio of 2.76 and a beta of 0.48. NextEra Energy, Inc. has a 1 year low of $67.22 and a 1 year high of $91.35.
NextEra Energy (NYSE:NEE – Get Rating) last posted its earnings results on Wednesday, January 25th. The utilities provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a return on equity of 12.27% and a net margin of 19.30%. NextEra Energy’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 2.89 earnings per share for the current year.
NextEra Energy Profile
NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL and NEER. The FPL segment engages primarily in the generation, transmission, distribution, and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.
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