Weatherstone Capital Management Buys New Holdings in NextEra Energy Inc (NEE)

Weatherstone Capital Management bought a new position in shares of NextEra Energy Inc (NYSE:NEE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,135 shares of the utilities provider’s stock, valued at approximately $219,000.

Other large investors have also recently added to or reduced their stakes in the company. Covington Capital Management increased its stake in NextEra Energy by 1.8% in the 4th quarter. Covington Capital Management now owns 85,166 shares of the utilities provider’s stock worth $14,804,000 after purchasing an additional 1,483 shares in the last quarter. Kaizen Advisory LLC boosted its position in NextEra Energy by 22.5% during the 4th quarter. Kaizen Advisory LLC now owns 1,296 shares of the utilities provider’s stock worth $225,000 after acquiring an additional 238 shares during the period. Hexavest Inc. acquired a new stake in NextEra Energy during the 4th quarter worth about $68,255,000. BLB&B Advisors LLC boosted its position in NextEra Energy by 2.1% during the 4th quarter. BLB&B Advisors LLC now owns 25,513 shares of the utilities provider’s stock worth $4,435,000 after acquiring an additional 517 shares during the period. Finally, Rehmann Capital Advisory Group boosted its position in NextEra Energy by 2.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 11,132 shares of the utilities provider’s stock worth $1,866,000 after acquiring an additional 223 shares during the period. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Deborah H. Caplan sold 3,054 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 22,597 shares in the company, valued at approximately $4,146,549.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James L. Robo sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $187.87, for a total value of $2,818,050.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 173,773 shares of company stock valued at $33,097,211. 0.55% of the stock is owned by corporate insiders.

Shares of NextEra Energy stock opened at $189.52 on Wednesday. The stock has a market cap of $91.55 billion, a PE ratio of 24.61, a PEG ratio of 2.93 and a beta of 0.29. 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 52-week low of $155.06 and a 52-week high of $195.55.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 25th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.02). The firm had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.84 billion. NextEra Energy had a net margin of 39.74% and a return on equity of 10.01%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 earnings per share. Equities analysts expect that NextEra Energy Inc will post 8.41 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. Goldman Sachs Group lowered NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price target for the company. in a report on Monday, April 8th. Barclays upgraded NextEra Energy from an “equal weight” rating to an “overweight” rating and lifted their price target 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. Morgan Stanley lifted their price target on NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 12th. Finally, Guggenheim reiterated a “buy” rating and set a $205.00 price target on shares of NextEra Energy in a report on Monday, January 7th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $183.08.

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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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