Schroder Investment Management Group Acquires 37,531 Shares of NextEra Energy, Inc. (NYSE:NEE)
Schroder Investment Management Group raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 735,587 shares of the utilities provider’s stock after buying an additional 37,531 shares during the period. Schroder Investment Management Group owned 0.16% of NextEra Energy worth $94,251,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Pinnacle Bank bought a new stake in NextEra Energy during the first quarter worth $161,000. Norway Savings Bank raised 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 worth $172,000 after buying an additional 18 shares during the last quarter. Baystate Wealth Management LLC raised 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 worth $174,000 after buying an additional 441 shares during the last quarter. Ruggie Capital Group acquired a new stake in shares of NextEra Energy during the first quarter worth approximately $191,000. Finally, Appleton Group LLC acquired a new stake in shares of NextEra Energy during the first quarter worth approximately $202,000. Institutional investors and hedge funds own 76.82% of the company’s stock.
NextEra Energy, Inc. (NEE) opened at 143.15 on Tuesday. The stock has a market capitalization of $67.02 billion, a PE ratio of 17.42 and a beta of 0.31. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $144.87. The company has a 50-day moving average price of $141.42 and a 200-day moving average price of $132.64.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, April 21st. The utilities provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.24. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.99 billion. NextEra Energy had a return on equity of 11.82% and a net margin of 23.58%. NextEra Energy’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.55 earnings per share. Analysts expect that NextEra Energy, Inc. will post $6.70 earnings per share for the current fiscal year.
Several equities analysts have commented on NEE shares. Deutsche Bank AG raised their price objective on NextEra Energy from $128.00 to $132.00 and gave the company a “hold” rating in a research report on Tuesday, April 11th. Royal Bank Of Canada restated a “buy” rating and set a $144.00 price target on shares of NextEra Energy in a report on Tuesday, May 2nd. BMO Capital Markets restated a “buy” rating and set a $156.00 price target (up from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. BidaskClub downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Monday, April 3rd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $148.18.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 5,680 shares of the 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 transaction, the chief executive officer now owns 79,586 shares in the company, valued at $10,593,692.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric E. Silagy sold 8,111 shares of the stock in a transaction that occurred 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 transaction, the director now owns 26,884 shares in the company, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. Insiders have sold 66,111 shares of company stock worth $9,036,943 in the last quarter. 0.53% 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 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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