Coastline Trust Co trimmed its position in shares of NextEra Energy Inc (NYSE:NEE) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,596 shares of the utilities provider’s stock after selling 440 shares during the period. Coastline Trust Co’s holdings in NextEra Energy were worth $3,685,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Hanson McClain Inc. raised its stake in shares of NextEra Energy by 6.0% during the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 43 shares during the last quarter. Risk Paradigm Group LLC increased its position in shares of NextEra Energy by 108.1% during the third quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock valued at $125,000 after buying an additional 442 shares during the period. Horan Capital Advisors LLC. purchased a new position in shares of NextEra Energy during the third quarter valued at about $134,000. Fieldpoint Private Securities LLC increased its position in shares of NextEra Energy by 84.0% during the third quarter. Fieldpoint Private Securities LLC now owns 920 shares of the utilities provider’s stock valued at $135,000 after buying an additional 420 shares during the period. Finally, Highstreet Asset Management Inc. purchased a new position in shares of NextEra Energy during the second quarter valued at about $134,000. 75.41% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Armando Pimentel, Jr. sold 42,372 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the sale, the chief executive officer now owns 121,958 shares in the company, valued at $19,202,287.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James L. Robo sold 30,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total transaction of $4,545,600.00. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.08. The business had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.74 earnings per share. sell-side analysts forecast that NextEra Energy Inc will post 6.73 EPS for the current fiscal year.
Several brokerages recently issued reports on NEE. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price target on the stock in a research report on Tuesday, December 12th. Credit Suisse Group began coverage on shares of NextEra Energy in a research report on Thursday, December 7th. They set an “outperform” rating and a $173.00 price target on the stock. Morgan Stanley boosted their price target on shares of NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Argus reiterated a “buy” rating and set a $173.00 price target on shares of NextEra Energy in a research report on Tuesday, December 5th. They noted that the move was a valuation call. Finally, Guggenheim reiterated a “buy” rating and set a $177.00 price target on shares of NextEra Energy in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $159.56.
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About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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