Squarepoint Ops LLC Has $7.56 Million Position in NextEra Energy Inc (NYSE:NEE)

Squarepoint Ops LLC boosted its holdings in NextEra Energy Inc (NYSE:NEE) by 106.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,518 shares of the utilities provider’s stock after acquiring an additional 22,487 shares during the period. Squarepoint Ops LLC’s holdings in NextEra Energy were worth $7,564,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NEE. Hexavest Inc. purchased a new position in NextEra Energy in the fourth quarter valued at $68,255,000. BLB&B Advisors LLC increased its holdings in NextEra Energy by 2.1% in the fourth quarter. BLB&B Advisors LLC now owns 25,513 shares of the utilities provider’s stock valued at $4,435,000 after buying an additional 517 shares during the last quarter. Rehmann Capital Advisory Group increased its holdings in NextEra Energy by 2.0% in the third quarter. Rehmann Capital Advisory Group now owns 11,132 shares of the utilities provider’s stock valued at $1,866,000 after buying an additional 223 shares during the last quarter. Evermay Wealth Management LLC increased its holdings in NextEra Energy by 26.6% in the fourth quarter. Evermay Wealth Management LLC now owns 6,552 shares of the utilities provider’s stock valued at $1,139,000 after buying an additional 1,376 shares during the last quarter. Finally, New England Research & Management Inc. increased its holdings in NextEra Energy by 42.9% in the fourth quarter. New England Research & Management Inc. now owns 2,000 shares of the utilities provider’s stock valued at $348,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 77.27% of the company’s stock.

Shares of NEE traded up $0.31 during mid-day trading on Monday, hitting $191.16. 1,468,100 shares of the company’s stock were exchanged, compared to its average volume of 2,112,901. NextEra Energy Inc has a fifty-two week low of $155.06 and a fifty-two week high of $195.55. The company has a market capitalization of $91.01 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 2.92 and a beta of 0.29. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.29 and a current ratio of 0.36.

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

NEE has been the topic of several recent analyst reports. Barclays raised NextEra Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $187.00 to $207.00 in a report on Wednesday, March 20th. 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 price objective for the company in a research note on Wednesday, January 30th. Morgan Stanley upped their price objective on shares of NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a research note on Tuesday, February 12th. Guggenheim restated a “buy” rating and issued a $205.00 price objective on shares of NextEra Energy in a research note on Monday, January 7th. Finally, Goldman Sachs Group downgraded shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price objective for the company. in a research note on Monday, April 8th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $183.08.

In other news, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $191.52, for a total transaction of $306,432.00. Following the completion of the sale, the director now owns 19,210 shares in the company, valued at $3,679,099.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Deborah H. Caplan sold 3,054 shares of the stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $183.50, for a total transaction of $560,409.00. Following the sale, the executive vice president now owns 22,597 shares of the company’s stock, valued at approximately $4,146,549.50. The disclosure for this sale can be found here. Insiders have sold 173,773 shares of company stock valued at $33,097,211 in the last quarter. Insiders own 0.55% of the company’s stock.

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

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