Greenleaf Trust cut its stake in shares of NextEra Energy Inc (NYSE:NEE) by 68.6% in the 4th quarter, Holdings Channel reports. The firm owned 21,190 shares of the utilities provider’s stock after selling 46,302 shares during the quarter. Greenleaf Trust’s holdings in NextEra Energy were worth $3,310,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. D Orazio & Associates Inc. bought a new stake in NextEra Energy in the fourth quarter valued at approximately $113,000. Risk Paradigm Group LLC raised its stake in NextEra Energy by 108.1% in 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. Archford Capital Strategies LLC raised its stake in NextEra Energy by 76.9% in the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock valued at $128,000 after buying an additional 4,347 shares during the period. Cerebellum GP LLC bought a new stake in NextEra Energy in the fourth quarter valued at approximately $128,000. Finally, Keeler Thomas Management LLC bought a new stake in NextEra Energy in the fourth quarter valued at approximately $129,000. 75.24% of the stock is owned by hedge funds and other institutional investors.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the transaction, the chief executive officer now owns 121,958 shares in the company, valued at approximately $19,202,287.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total value of $1,404,427.50. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the business earned $1.21 EPS. NextEra Energy’s revenue was up 8.4% on a year-over-year basis. equities analysts forecast that NextEra Energy Inc will post 7.67 earnings per share for the current year.
Several analysts have issued reports on NEE shares. Morgan Stanley upped their price objective on NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 target price on the stock in a research note on Tuesday, December 12th. Bank of America initiated coverage on NextEra Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $166.00 target price on the stock. Argus reiterated a “buy” rating and set a $173.00 target price on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Finally, Credit Suisse Group initiated coverage on NextEra Energy in a research note on Thursday, December 7th. They set an “outperform” rating and a $173.00 target price on the stock. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $161.38.
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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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