Pineno Levin & Ford Asset Management Inc. reduced its position in NextEra Energy Inc (NYSE:NEE) by 0.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,308 shares of the utilities provider’s stock after selling 265 shares during the quarter. NextEra Energy comprises approximately 2.8% of Pineno Levin & Ford Asset Management Inc.’s portfolio, making the stock its 7th biggest position. Pineno Levin & Ford Asset Management Inc.’s holdings in NextEra Energy were worth $6,826,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of NEE. Oregon Public Employees Retirement Fund boosted its holdings in shares of NextEra Energy by 17,067.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 8,771,018 shares during the period. Norges Bank acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $1,172,014,000. Rehmann Capital Advisory Group boosted its holdings in shares of NextEra Energy by 16,992.0% in the third quarter. Rehmann Capital Advisory Group now owns 1,864,569 shares of the utilities provider’s stock valued at $11,125,000 after acquiring an additional 1,853,660 shares during the period. GQG Partners LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $264,629,000. Finally, BlackRock Inc. boosted its holdings in shares of NextEra Energy by 2.4% in the fourth quarter. BlackRock Inc. now owns 37,651,697 shares of the utilities provider’s stock valued at $6,544,616,000 after acquiring an additional 886,301 shares during the period. 77.20% of the stock is owned by institutional investors and hedge funds.
NEE has been the subject of several research analyst reports. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Morgan Stanley upped their price target on NextEra Energy from $184.00 to $188.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 12th. Barclays upgraded NextEra Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $187.00 to $207.00 in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Guggenheim restated a “buy” rating and set a $205.00 price target on shares of NextEra Energy in a research note on Monday, January 7th. Finally, Goldman Sachs Group cut NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price target for the company. in a research note on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. NextEra Energy has a consensus rating of “Buy” and a consensus price target of $183.08.
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 the Thomson Reuters’ consensus estimate of $1.51 by ($0.02). The company had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.84 billion. NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. NextEra Energy’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 EPS. As a group, sell-side analysts anticipate that NextEra Energy Inc will post 8.41 EPS for the current fiscal year.
In other NextEra Energy news, EVP Deborah H. Caplan sold 3,054 shares of the stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $183.50, for a total value of $560,409.00. Following the completion of the transaction, the executive vice president now owns 22,597 shares in the company, valued at $4,146,549.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Manoochehr K. Nazar sold 36,807 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $189.87, for a total value of $6,988,545.09. Following the completion of the transaction, the insider now owns 149,034 shares of the company’s stock, valued at approximately $28,297,085.58. The disclosure for this sale can be found here. Insiders sold 173,773 shares of company stock valued at $33,097,211 in the last quarter. 0.55% of the stock is currently owned by company insiders.
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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