Strategic Investment Advisors MI Reduces Position in NextEra Energy Inc (NEE)

Strategic Investment Advisors MI cut its position in shares of NextEra Energy Inc (NYSE:NEE) by 5.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,337 shares of the utilities provider’s stock after selling 240 shares during the quarter. Strategic Investment Advisors MI’s holdings in NextEra Energy were worth $838,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Oregon Public Employees Retirement Fund boosted its position in shares of NextEra Energy by 17,067.6% during 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 purchasing an additional 8,771,018 shares in the last quarter. Norges Bank bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $1,172,014,000. GQG Partners LLC bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $264,629,000. BlackRock Inc. boosted its position in shares of NextEra Energy by 2.4% during the fourth quarter. BlackRock Inc. now owns 37,651,697 shares of the utilities provider’s stock valued at $6,544,616,000 after purchasing an additional 886,301 shares in the last quarter. Finally, Vanguard Group Inc boosted its position in shares of NextEra Energy by 2.0% during the third quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock valued at $6,907,634,000 after purchasing an additional 815,916 shares in the last quarter. Institutional investors own 77.31% of the company’s stock.

NextEra Energy stock opened at $188.61 on Friday. The firm has a market cap of $91.23 billion, a P/E ratio of 24.49, a PEG ratio of 2.92 and a beta of 0.28. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.46 and a quick ratio of 0.38. NextEra Energy Inc has a one year low of $155.06 and a one year high of $195.55.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.19. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.11 billion. NextEra Energy had a return on equity of 10.26% and a net margin of 17.13%. During the same quarter in the prior year, the business earned $1.94 earnings per share. As a group, research analysts anticipate that NextEra Energy Inc will post 8.41 earnings per share for the current year.

Several research firms have commented on NEE. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Credit Suisse Group set a $199.00 target price on NextEra Energy and gave the stock a “buy” rating in a report on Monday, April 22nd. Goldman Sachs Group downgraded NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 target price on the stock. in a report on Monday, April 8th. Wells Fargo & Co boosted their target price on NextEra Energy from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Barclays raised NextEra Energy from an “equal weight” rating to an “overweight” rating and boosted their target price 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. Two equities research 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 $196.33.

In related news, EVP Charles E. Sieving sold 5,916 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $192.20, for a total transaction of $1,137,055.20. Following the completion of the sale, the executive vice president now owns 51,454 shares in the company, valued at $9,889,458.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James L. Robo sold 111,864 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $191.27, for a total value of $21,396,227.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 179,689 shares of company stock valued at $34,234,266. 0.48% of the stock is owned by company insiders.

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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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