American National Bank raised its position in shares of NextEra Energy Inc (NYSE:NEE) by 1,102.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 15,910 shares of the utilities provider’s stock after purchasing an additional 14,587 shares during the quarter. American National Bank’s holdings in NextEra Energy were worth $3,076,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. CRA Financial Services LLC raised its holdings in NextEra Energy by 12.0% in the 1st quarter. CRA Financial Services LLC now owns 5,977 shares of the utilities provider’s stock worth $1,156,000 after purchasing an additional 639 shares in the last quarter. Landsberg Bennett & Dubbaneh LLC raised its holdings in NextEra Energy by 44.7% in the 1st quarter. Landsberg Bennett & Dubbaneh LLC now owns 19,493 shares of the utilities provider’s stock worth $3,690,000 after purchasing an additional 6,026 shares in the last quarter. Virtu Financial LLC bought a new position in NextEra Energy in the 1st quarter worth $356,000. First Manhattan Co. raised its holdings in NextEra Energy by 2.1% in the 1st quarter. First Manhattan Co. now owns 4,510 shares of the utilities provider’s stock worth $872,000 after purchasing an additional 93 shares in the last quarter. Finally, DeDora Capital Inc. raised its holdings in NextEra Energy by 26.6% in the 1st quarter. DeDora Capital Inc. now owns 2,404 shares of the utilities provider’s stock worth $465,000 after purchasing an additional 505 shares in the last quarter. 77.27% of the stock is owned by institutional investors and hedge funds.

NYSE:NEE opened at $190.85 on Monday. The stock has a market cap of $91.01 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 2.92 and a beta of 0.29. 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 Inc has a fifty-two week low of $155.06 and a fifty-two week high of $195.55.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 25th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). The company had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.84 billion. NextEra Energy had a net margin of 39.74% and a return on equity of 10.01%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 EPS. Equities research analysts expect that NextEra Energy Inc will post 8.4 earnings per share for the current year.

NEE has been the subject of several research reports. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Morgan Stanley upped their price objective on shares of NextEra Energy from $184.00 to $188.00 and gave the stock an “overweight” rating in a report on Tuesday, February 12th. Barclays upgraded shares of NextEra Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $187.00 to $207.00 in a report on Wednesday, March 20th. They noted that the move was a valuation call. Guggenheim restated a “buy” rating and issued a $205.00 price objective on shares of NextEra Energy in a report on Monday, January 7th. Finally, Goldman Sachs Group lowered shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price objective for the company. in a report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $183.08.

In related news, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $191.52, for a total value of $306,432.00. Following the transaction, the director now owns 19,210 shares of the company’s stock, valued at $3,679,099.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Deborah H. Caplan sold 3,054 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $183.50, for a total transaction of $560,409.00. Following the completion of the transaction, the executive vice president now directly owns 22,597 shares in the company, valued at approximately $4,146,549.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 173,773 shares of company stock worth $33,097,211. Insiders own 0.55% of the company’s stock.

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NextEra Energy Profile

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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