State of Alaska Department of Revenue boosted its stake in shares of NextEra Energy Inc (NYSE:NEE) by 119.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 73,789 shares of the utilities provider’s stock after purchasing an additional 40,143 shares during the quarter. State of Alaska Department of Revenue’s holdings in NextEra Energy were worth $11,522,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. Stratos Wealth Partners LTD. boosted its stake in NextEra Energy by 1.9% during the second quarter. Stratos Wealth Partners LTD. now owns 16,667 shares of the utilities provider’s stock worth $2,336,000 after buying an additional 309 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its stake in shares of NextEra Energy by 2.0% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 30,856 shares of the utilities provider’s stock valued at $4,324,000 after purchasing an additional 600 shares during the last quarter. Korea Investment CORP lifted its stake in shares of NextEra Energy by 7.3% in the 2nd quarter. Korea Investment CORP now owns 549,791 shares of the utilities provider’s stock valued at $77,042,000 after purchasing an additional 37,550 shares during the last quarter. Rand Wealth LLC acquired a new position in shares of NextEra Energy in the 2nd quarter valued at $233,000. Finally, Smithfield Trust Co. lifted its stake in shares of NextEra Energy by 0.8% in the 2nd quarter. Smithfield Trust Co. now owns 11,540 shares of the utilities provider’s stock valued at $1,617,000 after purchasing an additional 88 shares during the last quarter. 75.41% of the stock is currently owned by institutional investors.

Shares of NextEra Energy Inc (NEE) opened at $150.78 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $70,930.00, a price-to-earnings ratio of 16.94, a P/E/G ratio of 2.79 and a beta of 0.31. NextEra Energy Inc has a 1-year low of $117.91 and a 1-year high of $159.40.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the previous year, the business earned $1.74 EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year. research analysts forecast that NextEra Energy Inc will post 6.73 earnings per share for the current fiscal year.

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 42,372 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 121,958 shares in the company, valued at approximately $19,202,287.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was 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. 0.53% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on NEE shares. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price target on the stock in a research note on Tuesday, December 12th. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research note on Thursday, October 12th. Argus reaffirmed a “buy” rating and issued a $173.00 price target on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Royal Bank of Canada reaffirmed a “buy” rating and issued a $156.00 price target on shares of NextEra Energy in a research note on Tuesday, November 7th. Finally, Bank of America started coverage on NextEra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price target on the stock. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. NextEra Energy presently has an average rating of “Buy” and a consensus target price of $159.56.

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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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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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