Wilkins Investment Counsel Inc. Sells 1,450 Shares of NextEra Energy (NEE)

Wilkins Investment Counsel Inc. trimmed its holdings in shares of NextEra Energy (NYSE:NEE) by 15.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,995 shares of the utilities provider’s stock after selling 1,450 shares during the period. Wilkins Investment Counsel Inc.’s holdings in NextEra Energy were worth $1,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of NEE. Taylor Hoffman Wealth Management bought a new position in NextEra Energy during the 4th quarter worth about $106,000. D Orazio & Associates Inc. bought a new position in NextEra Energy during the 4th quarter worth about $113,000. Cerebellum GP LLC bought a new position in NextEra Energy during the 4th quarter worth about $128,000. Keeler Thomas Management LLC bought a new position in NextEra Energy during the 4th quarter worth about $129,000. Finally, Centersquare Investment Management LLC purchased a new stake in shares of NextEra Energy during the first quarter valued at about $150,000. Institutional investors own 76.38% of the company’s stock.

Several analysts have commented on NEE shares. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $182.00 price target for the company. in a research report on Wednesday, April 11th. JPMorgan Chase increased their price target on shares of NextEra Energy from $170.00 to $171.00 and gave the company an “overweight” rating in a research report on Thursday, April 26th. UBS started coverage on shares of NextEra Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $177.00 price target for the company. Guggenheim reissued a “buy” rating and set a $182.00 price target on shares of NextEra Energy in a research report on Friday, January 26th. Finally, Morgan Stanley decreased their price target on shares of NextEra Energy from $170.00 to $168.00 and set an “overweight” rating for the company in a research report on Thursday, March 8th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $168.92.

Shares of NextEra Energy stock opened at $156.45 on Friday. The company has a market capitalization of $73.66 billion, a P/E ratio of 22.67, a P/E/G ratio of 2.31 and a beta of 0.23. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.78. NextEra Energy has a 52 week low of $135.60 and a 52 week high of $165.15.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 24th. The utilities provider reported $1.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.16. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $4.15 billion. NextEra Energy had a net margin of 48.13% and a return on equity of 10.91%. NextEra Energy’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.75 EPS. analysts expect that NextEra Energy will post 7.74 EPS for the current fiscal year.

In related news, insider Manoochehr K. Nazar sold 13,890 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $155.64, for a total value of $2,161,839.60. Following the completion of the transaction, the insider now directly owns 142,429 shares of the company’s stock, valued at approximately $22,167,649.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James L. Robo sold 18,000 shares of the stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $160.89, for a total transaction of $2,896,020.00. The disclosure for this sale can be found here. Insiders sold a total of 142,754 shares of company stock valued at $22,504,957 over the last ninety days. 0.55% of the stock is currently owned by insiders.

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.

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

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