Richard Bernstein Advisors LLC Continues to Hold Position in NextEra Energy, Inc. (NYSE:NEE)
Richard Bernstein Advisors LLC continued to hold its position in shares of NextEra Energy, Inc. (NYSE:NEE) during the first quarter, Holdings Channel reports. The institutional investor owned 19,982 shares of the utilities provider’s stock at the end of the first quarter. Richard Bernstein Advisors LLC’s holdings in NextEra Energy were worth $2,565,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Lebenthal Asset Management LLC boosted its position in shares of NextEra Energy by 0.5% in the fourth quarter. Lebenthal Asset Management LLC now owns 104,068 shares of the utilities provider’s stock worth $12,432,000 after buying an additional 480 shares in the last quarter. Wade G W & Inc. boosted its position in shares of NextEra Energy by 1.2% in the first quarter. Wade G W & Inc. now owns 10,628 shares of the utilities provider’s stock worth $1,364,000 after buying an additional 130 shares in the last quarter. Dodge & Cox purchased a new position in shares of NextEra Energy during the fourth quarter worth about $1,164,000. Baldwin Brothers Inc. MA boosted its position in shares of NextEra Energy by 15.2% in the first quarter. Baldwin Brothers Inc. MA now owns 13,230 shares of the utilities provider’s stock worth $1,698,000 after buying an additional 1,748 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC boosted its position in shares of NextEra Energy by 48.7% in the first quarter. Moody Lynn & Lieberson LLC now owns 2,948 shares of the utilities provider’s stock worth $378,000 after buying an additional 965 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.
NextEra Energy, Inc. (NYSE NEE) opened at 140.97 on Tuesday. The company has a market capitalization of $66.00 billion, a PE ratio of 17.15 and a beta of 0.31. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $144.87. The firm’s 50-day moving average price is $140.27 and its 200 day moving average price is $129.94.
NextEra Energy (NYSE:NEE) last released its earnings results on Friday, April 21st. The utilities provider reported $1.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.24. NextEra Energy had a return on equity of 11.82% and a net margin of 23.58%. The business had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same period in the previous year, the company posted $1.55 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities research analysts expect that NextEra Energy, Inc. will post $6.70 earnings per share for the current fiscal year.
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A number of equities analysts recently issued reports on NEE shares. Deutsche Bank AG reiterated a “hold” rating and issued a $128.00 target price (down from $129.00) on shares of NextEra Energy in a report on Sunday, April 2nd. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Monday, April 3rd. Mizuho increased their target price on NextEra Energy from $138.00 to $141.00 and gave the stock a “buy” rating in a report on Monday, March 20th. BidaskClub cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $135.00 target price on shares of NextEra Energy in a report on Friday, March 31st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $147.00.
In other NextEra Energy news, Director Eric E. Silagy sold 8,111 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total value of $1,140,244.38. Following the sale, the director now directly owns 26,884 shares of the company’s stock, valued at $3,779,352.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Armando Pimentel, Jr. sold 5,680 shares of the business’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $133.11, for a total value of $756,064.80. Following the completion of the sale, the chief executive officer now directly owns 79,586 shares in the company, valued at $10,593,692.46. The disclosure for this sale can be found here. Insiders sold 66,111 shares of company stock worth $9,036,943 over the last three months. Corporate insiders own 0.53% of the company’s stock.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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