Norway Savings Bank Takes Position in NextEra Energy, Inc. (NEE)
Norway Savings Bank purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,326 shares of the company’s stock, valued at approximately $158,000.
Several other large investors also recently made changes to their positions in the stock. Flow Traders U.S. LLC acquired a new stake in NextEra Energy during the third quarter worth $129,000. James Investment Research Inc. raised its stake 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 during the last quarter. Woodmont Investment Counsel LLC acquired a new stake in NextEra Energy during the third quarter worth $138,000. Blue Chip Partners Inc. acquired a new stake in NextEra Energy during the second quarter worth $140,000. Finally, Jackson Grant Investment Advisers Inc. raised its stake 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 worth $141,000 after buying an additional 71 shares during the last quarter. 73.69% of the stock is currently owned by institutional investors.
Shares of NextEra Energy, Inc. (NYSE:NEE) opened at 126.19 on Friday. NextEra Energy, Inc. has a 1-year low of $109.34 and a 1-year high of $131.98. The stock has a 50 day moving average of $121.47 and a 200-day moving average of $121.67. The company has a market capitalization of $59.18 billion, a price-to-earnings ratio of 20.19 and a beta of 0.23.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 27th. The company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by $0.10. NextEra Energy had a return on equity of 11.74% and a net margin of 17.92%. The firm earned $3.70 billion during the quarter. During the same quarter last year, the firm posted $1.17 earnings per share. The company’s quarterly revenue was down 9.1% on a year-over-year basis. Analysts forecast that NextEra Energy, Inc. will post $6.63 earnings per share for the current year.
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A number of equities research analysts have weighed in on the stock. RBC Capital Markets reissued a “buy” rating and set a $143.00 target price on shares of NextEra Energy in a report on Tuesday, February 7th. Deutsche Bank AG raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Monday, January 30th. Finally, Zacks Investment Research raised shares of 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. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. NextEra Energy currently has a consensus rating of “Buy” and a consensus price target of $131.08.
In related news, Director John L. Skolds bought 800 shares of the stock in a transaction that occurred on Monday, December 5th. The shares were acquired at an average cost of $114.96 per share, with a total value of $91,968.00. Following the completion of the purchase, the director now directly owns 7,144 shares of the company’s stock, valued at approximately $821,274.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $122.60, for a total transaction of $3,678,000.00. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.
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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