Beck Mack & Oliver LLC Sells 4,810 Shares of NextEra Energy, Inc. (NEE)
Beck Mack & Oliver LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 41.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,742 shares of the company’s stock after selling 4,810 shares during the period. Beck Mack & Oliver LLC’s holdings in NextEra Energy were worth $825,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of NextEra Energy by 2.7% in the second quarter. Vanguard Group Inc. now owns 32,849,202 shares of the company’s stock worth $4,283,536,000 after buying an additional 853,186 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of NextEra Energy by 0.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 12,837,545 shares of the company’s stock worth $1,674,016,000 after buying an additional 58,746 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of NextEra Energy by 14.0% in the second quarter. BlackRock Fund Advisors now owns 10,147,387 shares of the company’s stock worth $1,323,219,000 after buying an additional 1,246,543 shares in the last quarter. FMR LLC raised its position in shares of NextEra Energy by 1.5% in the second quarter. FMR LLC now owns 8,367,313 shares of the company’s stock worth $1,091,097,000 after buying an additional 127,277 shares in the last quarter. Finally, BlackRock Group LTD raised its position in shares of NextEra Energy by 1.4% in the second quarter. BlackRock Group LTD now owns 4,847,367 shares of the company’s stock worth $632,097,000 after buying an additional 68,519 shares in the last quarter. 72.44% of the stock is owned by institutional investors.
Shares of NextEra Energy, Inc. (NYSE:NEE) traded down 0.38% during trading on Friday, reaching $119.05. The company’s stock had a trading volume of 1,443,785 shares. The firm’s 50-day moving average is $117.71 and its 200 day moving average is $122.67. The company has a market cap of $55.63 billion, a PE ratio of 22.50 and a beta of 0.20. NextEra Energy, Inc. has a 52-week low of $103.35 and a 52-week high of $131.98.
NextEra Energy (NYSE:NEE) last posted its earnings results on Monday, October 31st. The company reported $1.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.07. NextEra Energy had a net margin of 14.74% and a return on equity of 11.90%. The firm had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.87 billion. During the same quarter last year, the firm earned $1.60 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post $6.21 EPS for the current fiscal year.
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A number of analysts have issued reports on the company. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a report on Thursday, December 8th. Mizuho reaffirmed a “buy” rating and issued a $138.00 target price on shares of NextEra Energy in a report on Friday, October 7th. RBC Capital Markets reaffirmed a “buy” rating and issued a $142.00 target price on shares of NextEra Energy in a report on Wednesday, January 4th. Bank of America reaffirmed a “buy” rating and issued a $149.00 target price on shares of NextEra Energy in a report on Tuesday, September 27th. Finally, Deutsche Bank AG lowered NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 target price on the stock. in a report on Friday, September 23rd. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $130.36.
In other news, Director Amy B. Lane bought 1,000 shares of the company’s stock in a transaction on Wednesday, November 2nd. The shares were purchased at an average price of $122.90 per share, with a total value of $122,900.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Armando Pimentel, Jr. sold 5,022 shares of NextEra Energy stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $123.70, for a total transaction of $621,221.40. Following the transaction, the chief executive officer now directly owns 72,165 shares in the company, valued at approximately $8,926,810.50. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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