NextEra Energy, Inc. (NEE) Shares Bought by YHB Investment Advisors Inc.
YHB Investment Advisors Inc. boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,453 shares of the utilities provider’s stock after buying an additional 541 shares during the period. YHB Investment Advisors Inc.’s holdings in NextEra Energy were worth $4,067,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of NEE. Pacific Center for Financial Services purchased a new stake in NextEra Energy during the fourth quarter valued at about $136,000. Pinnacle Bank bought a new stake in shares of NextEra Energy during the first quarter valued at $161,000. Norway Savings Bank increased its stake in shares of NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock valued at $172,000 after buying an additional 18 shares during the period. Baystate Wealth Management LLC increased its stake in shares of NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock valued at $174,000 after buying an additional 441 shares during the period. Finally, Advantage Investment Management LLC bought a new stake in shares of NextEra Energy during the fourth quarter valued at $175,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE NEE) opened at 143.48 on Friday. 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 $141.33 and its 200-day moving average price is $132.18. The firm has a market capitalization of $67.17 billion, a PE ratio of 17.46 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, April 21st. The utilities provider reported $1.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.24. The firm had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.99 billion. NextEra Energy had a return on equity of 11.82% and a net margin of 23.58%. NextEra Energy’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.55 earnings per share. On average, equities analysts predict that NextEra Energy, Inc. will post $6.70 earnings per share for the current fiscal year.
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Several brokerages have weighed in on NEE. UBS AG restated a “buy” rating and set a $143.00 price target (up previously from $138.00) on shares of NextEra Energy in a report on Tuesday, April 18th. BMO Capital Markets restated a “buy” rating and set a $135.00 price target on shares of NextEra Energy in a report on Friday, March 31st. Royal Bank Of Canada restated an “outperform” rating and set a $147.00 price target (up previously from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. BidaskClub downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $158.00 price target (up previously from $150.00) on shares of NextEra Energy in a report on Monday, June 19th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $147.00.
In other news, CEO Armando Pimentel, Jr. sold 5,680 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $133.11, for a total transaction of $756,064.80. Following the completion of the transaction, the chief executive officer now directly owns 79,586 shares of the company’s stock, valued at $10,593,692.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric E. Silagy sold 8,111 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total value of $1,140,244.38. Following the transaction, the director now directly owns 26,884 shares of the company’s stock, valued at $3,779,352.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,111 shares of company stock valued at $9,036,943. 0.53% of the stock is owned by corporate insiders.
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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