Starfire Investment Advisers Inc. Has $381,000 Stake in NextEra Energy Inc (NEE)

Starfire Investment Advisers Inc. grew its stake in shares of NextEra Energy Inc (NYSE:NEE) by 2.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,973 shares of the utilities provider’s stock after purchasing an additional 55 shares during the period. Starfire Investment Advisers Inc.’s holdings in NextEra Energy were worth $381,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc increased its position in NextEra Energy by 2.0% in the 3rd quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock worth $6,907,634,000 after purchasing an additional 815,916 shares during the last quarter. BlackRock Inc. increased its position in NextEra Energy by 2.4% in the 4th quarter. BlackRock Inc. now owns 37,651,697 shares of the utilities provider’s stock worth $6,544,616,000 after purchasing an additional 886,301 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in NextEra Energy by 17,067.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 8,771,018 shares during the last quarter. Norges Bank acquired a new position in NextEra Energy in the 4th quarter worth about $1,172,014,000. Finally, Northern Trust Corp increased its position in NextEra Energy by 4.2% in the 4th quarter. Northern Trust Corp now owns 6,679,055 shares of the utilities provider’s stock worth $1,160,953,000 after purchasing an additional 270,346 shares during the last quarter. 77.20% of the stock is 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 cap of $90.68 billion, a P/E ratio of 24.59, a price-to-earnings-growth 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 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter in the prior year, the business posted $1.25 EPS. NextEra Energy’s revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts forecast that NextEra Energy Inc will post 8.4 earnings per share for the current fiscal year.

In other NextEra Energy news, Director James L. Robo sold 111,864 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $191.27, for a total value of $21,396,227.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 completion of the sale, the director now 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 sold a total of 173,773 shares of company stock valued at $33,097,211 in the last quarter. Corporate insiders own 0.48% of the company’s stock.

NEE has been the topic of several research reports. Guggenheim reaffirmed a “buy” rating and issued a $205.00 target price on shares of NextEra Energy in a research report on Monday, January 7th. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th. Morgan Stanley upped their target price on NextEra Energy from $184.00 to $188.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 12th. Barclays raised NextEra Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $187.00 to $207.00 in a research report on Wednesday, March 20th. They noted that the move was a valuation call. Finally, Goldman Sachs Group lowered NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 target price on the stock. in a research report on Monday, April 8th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $183.08.

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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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