1,855 Shares in NextEra Energy Inc (NEE) Purchased by Wealth Advisors of Tampa Bay LLC
Wealth Advisors of Tampa Bay LLC purchased a new stake in NextEra Energy Inc (NYSE:NEE) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 1,855 shares of the utilities provider’s stock, valued at approximately $284,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in NEE. Janus Henderson Group PLC lifted its position in NextEra Energy by 2,832.8% in the second quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock valued at $252,287,000 after acquiring an additional 1,738,989 shares during the last quarter. Vanguard Group Inc. increased its stake in NextEra Energy by 4.6% in the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after purchasing an additional 1,503,907 shares during the period. Principal Financial Group Inc. increased its stake in NextEra Energy by 122.5% in the second quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock valued at $207,281,000 after purchasing an additional 814,478 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in NextEra Energy by 26.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock valued at $548,102,000 after purchasing an additional 777,351 shares during the period. Finally, BT Investment Management Ltd acquired a new position in NextEra Energy in the second quarter valued at $96,214,000. 75.24% of the stock is owned by hedge funds and other institutional investors.
NEE has been the topic of a number of recent research reports. Morgan Stanley lifted their price objective on shares of NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price target on the stock in a report on Tuesday, December 12th. Bank of America assumed coverage on shares of NextEra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price target on the stock. Argus reissued a “buy” rating and set a $173.00 price objective on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Finally, Credit Suisse Group initiated coverage on shares of NextEra Energy in a research note on Thursday, December 7th. They set an “outperform” rating and a $173.00 price objective on the stock. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $162.00.
Shares of NextEra Energy Inc (NEE) opened at $149.66 on Monday. NextEra Energy Inc has a 52-week low of $124.52 and a 52-week high of $159.64. The stock has a market cap of $69,665.89, a price-to-earnings ratio of 13.21, a PEG ratio of 2.43 and a beta of 0.28. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the previous year, the company earned $1.21 EPS. NextEra Energy’s revenue was up 8.4% on a year-over-year basis. research analysts forecast that NextEra Energy Inc will post 7.72 EPS 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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