NextEra Energy Inc (NEE) Shares Bought by Headinvest LLC

Headinvest LLC raised its position in shares of NextEra Energy Inc (NYSE:NEE) by 100.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,623 shares of the utilities provider’s stock after acquiring an additional 3,812 shares during the quarter. Headinvest LLC’s holdings in NextEra Energy were worth $1,325,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NEE. Acima Private Wealth LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $39,000. Westside Investment Management Inc. lifted its holdings in shares of NextEra Energy by 62.9% during the fourth quarter. Westside Investment Management Inc. now owns 259 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 100 shares during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $46,000. PRW Wealth Management LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $49,000. Finally, Contravisory Investment Management Inc. lifted its holdings in shares of NextEra Energy by 161.8% during the fourth quarter. Contravisory Investment Management Inc. now owns 288 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 178 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE NEE opened at $189.36 on Monday. NextEra Energy Inc has a twelve month low of $155.06 and a twelve month high of $195.55. The company has a market capitalization of $90.68 billion, a P/E ratio of 24.59, a PEG ratio of 2.91 and a beta of 0.29. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.72.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 25th. The utilities provider reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. The firm had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.84 billion. During the same quarter in the previous year, the firm earned $1.25 earnings per share. NextEra Energy’s revenue was up 9.6% on a year-over-year basis. Sell-side analysts expect that NextEra Energy Inc will post 8.4 earnings per share for the current fiscal year.

In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $191.52, for a total value of $306,432.00. Following the completion of the sale, the director now owns 19,210 shares of the company’s stock, valued at approximately $3,679,099.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James L. Robo sold 111,864 shares of NextEra Energy stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $191.27, for a total transaction of $21,396,227.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 173,773 shares of company stock valued at $33,097,211. 0.48% of the stock is currently owned by insiders.

Several research firms have recently issued reports on NEE. Goldman Sachs Group lowered shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 target price for the company. in a report on Monday, April 8th. Zacks Investment Research upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday, April 8th. Guggenheim reiterated a “buy” rating and set a $205.00 target price on shares of NextEra Energy in a report on Monday, January 7th. Morgan Stanley lifted their target price on shares of NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 12th. Finally, Barclays upgraded shares of NextEra Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $187.00 to $207.00 in a report on Wednesday, March 20th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average 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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