Welch Group LLC Has $14,453,000 Position in NextEra Energy, Inc. (NEE)
Welch Group LLC decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.3% during the third quarter, Holdings Channel reports. The institutional investor owned 118,156 shares of the company’s stock after selling 5,256 shares during the period. NextEra Energy comprises approximately 2.9% of Welch Group LLC’s investment portfolio, making the stock its 17th largest position. Welch Group LLC’s holdings in NextEra Energy were worth $14,453,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. increased its position in NextEra Energy by 378.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 948 shares of the company’s stock worth $124,000 after buying an additional 750 shares in the last quarter. James Investment Research Inc. increased its position in NextEra Energy by 47.2% in the third quarter. James Investment Research Inc. now owns 1,073 shares of the company’s stock worth $131,000 after buying an additional 344 shares in the last quarter. Blue Chip Partners Inc. acquired a new position in NextEra Energy during the second quarter valued at approximately $140,000. Jackson Grant Investment Advisers Inc. increased its position in NextEra Energy by 7.0% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,080 shares of the company’s stock valued at $141,000 after buying an additional 71 shares during the period. Finally, Cable Hill Partners LLC increased its position in NextEra Energy by 44.4% in the second quarter. Cable Hill Partners LLC now owns 1,268 shares of the company’s stock valued at $166,000 after buying an additional 390 shares during the period. 72.44% of the stock is owned by hedge funds and other institutional investors.
Shares of NextEra Energy, Inc. (NYSE:NEE) opened at 119.05 on Friday. The company has a market cap of $55.63 billion, a price-to-earnings ratio of 22.50 and a beta of 0.20. The firm has a 50-day moving average of $117.71 and a 200-day moving average of $122.67. NextEra Energy, Inc. has a one year low of $103.35 and a one year high of $131.98.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Monday, October 31st. The company reported $1.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.07. The business earned $4.81 billion during the quarter, compared to analyst estimates of $4.87 billion. NextEra Energy had a net margin of 14.74% and a return on equity of 11.90%. During the same period in the prior year, the business posted $1.60 earnings per share. Equities research analysts forecast that NextEra Energy, Inc. will post $6.21 EPS for the current fiscal year.
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Several research analysts recently commented on the stock. Deutsche Bank AG downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price objective for the company. in a report on Friday, September 23rd. Bank of America Corporation reaffirmed a “buy” rating and issued a $149.00 price objective on shares of NextEra Energy in a report on Tuesday, September 27th. RBC Capital Markets reaffirmed a “buy” rating and issued a $142.00 price objective on shares of NextEra Energy in a report on Wednesday, January 4th. Mizuho reaffirmed a “buy” rating and issued a $138.00 price objective on shares of NextEra Energy in a report on Friday, October 7th. Finally, Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research note on Thursday, December 8th. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $130.36.
In related news, Director John L. Skolds bought 800 shares of the company’s stock in a transaction that occurred on Monday, December 5th. The stock was purchased at an average price of $114.96 per share, for a total transaction of $91,968.00. Following the completion of the transaction, the director now owns 7,144 shares in the company, valued at $821,274.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 24,927 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $123.55, for a total transaction of $3,079,730.85. Following the transaction, the executive vice president now owns 47,189 shares of the company’s stock, valued at approximately $5,830,200.95. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.
About NextEra Energy
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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