Private Trust Co. NA Increases Holdings in NextEra Energy Inc (NEE)
Private Trust Co. NA grew its position in NextEra Energy Inc (NYSE:NEE) by 19.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,536 shares of the utilities provider’s stock after acquiring an additional 1,082 shares during the quarter. Private Trust Co. NA’s holdings in NextEra Energy were worth $1,020,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. Starfire Investment Advisers Inc. lifted its position in shares of NextEra Energy by 25.0% in the 4th quarter. Starfire Investment Advisers Inc. now owns 2,087 shares of the utilities provider’s stock worth $326,000 after acquiring an additional 417 shares during the period. Hexavest Inc. lifted its position in shares of NextEra Energy by 1.8% in the 4th quarter. Hexavest Inc. now owns 277,552 shares of the utilities provider’s stock worth $43,351,000 after acquiring an additional 4,894 shares during the period. Covenant Asset Management LLC lifted its position in shares of NextEra Energy by 15.0% in the 4th quarter. Covenant Asset Management LLC now owns 2,663 shares of the utilities provider’s stock worth $416,000 after acquiring an additional 348 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of NextEra Energy by 7.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 91,949 shares of the utilities provider’s stock worth $14,360,000 after acquiring an additional 6,650 shares during the period. Finally, KAMES CAPITAL plc bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $21,184,000. Institutional investors own 75.41% of the company’s stock.
A number of analysts have commented on the company. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Argus reissued a “buy” rating and issued a $173.00 target price on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $169.00 target price on NextEra Energy and gave the stock a “hold” rating in a report on Thursday, October 12th. Morgan Stanley increased their target price on NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Finally, Guggenheim reissued a “buy” rating and issued a $177.00 target price on shares of NextEra Energy in a report on Wednesday, January 3rd. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and a consensus target price of $159.56.
In related news, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the completion of the sale, the chief executive officer now directly owns 121,958 shares of the company’s stock, valued at approximately $19,202,287.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total value of $4,545,600.00. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.
Shares of NextEra Energy Inc (NEE) traded up $0.20 on Tuesday, hitting $150.52. The stock had a trading volume of 964,314 shares, compared to its average volume of 2,068,122. NextEra Energy Inc has a fifty-two week low of $117.88 and a fifty-two week high of $159.40. The firm has a market cap of $70,710.00, a PE ratio of 16.91, a PEG ratio of 2.78 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The firm had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period last year, the firm posted $1.74 EPS. The business’s revenue was up .1% on a year-over-year basis. analysts anticipate that NextEra Energy Inc will post 6.73 earnings per share for the current fiscal year.
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NextEra Energy Company Profile
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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