NextEra Energy Inc (NEE) Stake Decreased by Watch Point Trust Co

Watch Point Trust Co trimmed its stake in shares of NextEra Energy Inc (NYSE:NEE) by 13.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 1,719 shares of the utilities provider’s stock after selling 263 shares during the quarter. Watch Point Trust Co’s holdings in NextEra Energy were worth $332,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in NextEra Energy by 4.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,385,859 shares of the utilities provider’s stock worth $735,070,000 after purchasing an additional 204,880 shares in the last quarter. Martingale Asset Management L P increased its holdings in NextEra Energy by 12.2% in the 3rd quarter. Martingale Asset Management L P now owns 191,337 shares of the utilities provider’s stock worth $32,069,000 after purchasing an additional 20,777 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in NextEra Energy by 109.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 2,650 shares of the utilities provider’s stock worth $444,000 after purchasing an additional 1,387 shares in the last quarter. Kentucky Retirement Systems acquired a new position in NextEra Energy in the 3rd quarter worth about $3,044,000. Finally, Nordea Investment Management AB increased its holdings in NextEra Energy by 68.9% in the 3rd quarter. Nordea Investment Management AB now owns 315,997 shares of the utilities provider’s stock worth $52,961,000 after purchasing an additional 128,947 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

In related news, EVP Deborah H. Caplan sold 3,054 shares of the firm’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 transaction of $560,409.00. Following the completion of the sale, the executive vice president now owns 22,597 shares of the company’s stock, valued at $4,146,549.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $191.52, for a total value of $306,432.00. Following the sale, the director now directly owns 19,210 shares of the company’s stock, valued at approximately $3,679,099.20. 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 ninety days. 0.48% of the stock is currently owned by insiders.

NEE has been the subject of several recent research reports. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Morgan Stanley increased their price target on NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a research note on Tuesday, February 12th. Barclays raised NextEra Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $187.00 to $207.00 in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Guggenheim reissued a “buy” rating and issued 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. The company currently has an average rating of “Buy” and an average price target of $183.08.

Shares of NEE stock opened at $189.36 on Monday. The stock has a market capitalization of $90.68 billion, a PE ratio of 24.59, a P/E/G 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 Inc has a 1-year low of $155.06 and a 1-year high of $195.55.

NextEra Energy (NYSE:NEE) last issued its quarterly 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). The company had revenue of $4.39 billion during 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 company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 EPS. As a group, research analysts predict that NextEra Energy Inc will post 8.4 earnings per share for the current year.

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

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