Wright Investors Service Inc. reduced its holdings in NextEra Energy Inc (NYSE:NEE) by 14.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,372 shares of the utilities provider’s stock after selling 2,658 shares during the quarter. NextEra Energy comprises 1.2% of Wright Investors Service Inc.’s portfolio, making the stock its 25th biggest holding. Wright Investors Service Inc.’s holdings in NextEra Energy were worth $2,846,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. Contravisory Investment Management Inc. lifted its stake in shares of NextEra Energy by 161.8% in the fourth quarter. Contravisory Investment Management Inc. now owns 288 shares of the utilities provider’s stock valued at $50,000 after buying an additional 178 shares during the period. Signet Investment Advisory Group Inc. bought a new position in NextEra Energy during the fourth quarter worth about $69,000. Capital Advisors Ltd. LLC lifted its stake in NextEra Energy by 323.5% during the third quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock worth $109,000 after purchasing an additional 495 shares during the period. CX Institutional lifted its stake in NextEra Energy by 12.3% during the fourth quarter. CX Institutional now owns 641 shares of the utilities provider’s stock worth $111,000 after purchasing an additional 70 shares during the period. Finally, Private Ocean LLC lifted its stake in NextEra Energy by 154.2% during the third quarter. Private Ocean LLC now owns 778 shares of the utilities provider’s stock worth $130,000 after purchasing an additional 472 shares during the period. 77.71% of the stock is currently owned by institutional investors.
In other news, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $170.23, for a total value of $272,368.00. Following the completion of the transaction, the director now owns 20,100 shares in the company, valued at $3,421,623. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 35,347 shares of NextEra Energy stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $180.81, for a total transaction of $6,391,091.07. Following the completion of the transaction, the chief executive officer now owns 94,596 shares of the company’s stock, valued at approximately $17,103,902.76. The disclosure for this sale can be found here. Insiders sold 74,678 shares of company stock valued at $13,469,072 in the last quarter. 0.55% of the stock is currently owned by corporate insiders.
NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 25th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). NextEra Energy had a net margin of 39.74% and a return on equity of 10.01%. The firm had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter last year, the firm posted $1.25 EPS. The business’s revenue was up 9.6% on a year-over-year basis. As a group, analysts forecast that NextEra Energy Inc will post 8.4 EPS for the current fiscal year.
A number of research analysts have commented on NEE shares. Credit Suisse Group cut their price target on shares of NextEra Energy from $185.00 to $173.00 and set an “outperform” rating for the company in a research note on Wednesday, October 24th. Guggenheim restated a “buy” rating and set a $205.00 price target on shares of NextEra Energy in a research note on Monday, January 7th. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. Barclays raised their price target on shares of NextEra Energy from $182.00 to $187.00 and gave the stock a “hold” rating in a research note on Monday, November 19th. Finally, Royal Bank of Canada raised their price target on shares of NextEra Energy to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $178.42.
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NextEra Energy 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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