Financial Advantage Inc. purchased a new stake in shares of NextEra Energy Inc (NYSE:NEE) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,032 shares of the utilities provider’s stock, valued at approximately $179,000.

A number of other institutional investors have also made changes to their positions in the business. Contravisory Investment Management Inc. lifted its holdings in shares of NextEra Energy by 161.8% during the fourth quarter. Contravisory Investment Management Inc. now owns 288 shares of the utilities provider’s stock worth $50,000 after buying an additional 178 shares in the last quarter. CX Institutional lifted its holdings in shares of NextEra Energy by 12.3% during the fourth quarter. CX Institutional now owns 641 shares of the utilities provider’s stock worth $111,000 after buying an additional 70 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in shares of NextEra Energy by 323.5% during the third quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock worth $109,000 after buying an additional 495 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of NextEra Energy by 340.9% during the fourth quarter. Sound Income Strategies LLC now owns 776 shares of the utilities provider’s stock worth $135,000 after buying an additional 600 shares in the last quarter. Finally, Private Ocean LLC lifted its holdings in shares of NextEra Energy by 154.2% during the third quarter. Private Ocean LLC now owns 778 shares of the utilities provider’s stock worth $130,000 after buying an additional 472 shares in the last quarter. 75.86% of the stock is owned by institutional investors and hedge funds.

In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $170.23, for a total value of $272,368.00. Following the transaction, the director now owns 20,100 shares in the company, valued at $3,421,623. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 35,347 shares of NextEra Energy stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $180.81, for a total value of $6,391,091.07. Following the completion of the transaction, the chief executive officer now owns 94,596 shares in the company, valued at approximately $17,103,902.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,598 shares of company stock valued at $14,306,013. 0.55% of the stock is owned by insiders.

NEE stock opened at $177.82 on Friday. The stock has a market capitalization of $85.54 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.75 and a beta of 0.26. NextEra Energy Inc has a 52 week low of $145.10 and a 52 week high of $184.20. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.36 and a quick ratio of 0.29.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 25th. The utilities provider reported $1.49 EPS for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.02). The company had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.84 billion. NextEra Energy had a net margin of 39.74% and a return on equity of 10.01%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm earned $1.25 EPS. On average, sell-side analysts predict that NextEra Energy Inc will post 8.4 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on NEE. Wells Fargo & Co lifted their target price on NextEra Energy from $191.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, October 10th. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $204.00 target price for the company in a report on Monday, December 17th. Credit Suisse Group lifted their target price on NextEra Energy from $186.00 to $193.00 and gave the stock an “outperform” rating in a report on Wednesday, December 12th. Barclays lifted their target price on NextEra Energy from $182.00 to $187.00 and gave the stock a “hold” rating in a report on Monday, November 19th. Finally, Royal Bank of Canada lifted their target price on NextEra Energy to $186.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. NextEra Energy currently has an average rating of “Buy” and a consensus price target of $178.42.

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About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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

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