Cape Cod Five Cents Savings Bank lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,088 shares of the utilities provider’s stock after selling 984 shares during the period. Cape Cod Five Cents Savings Bank’s holdings in NextEra Energy were worth $5,898,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. raised its position in NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock valued at $4,856,682,000 after buying an additional 36,747,599 shares in the last quarter. Norges Bank acquired a new position in NextEra Energy during the fourth quarter valued at approximately $678,763,000. Luminus Management LLC acquired a new position in NextEra Energy during the fourth quarter valued at approximately $126,727,000. APG Asset Management N.V. raised its position in NextEra Energy by 75.0% in the first quarter. APG Asset Management N.V. now owns 1,971,565 shares of the utilities provider’s stock valued at $253,090,000 after buying an additional 844,862 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in NextEra Energy during the fourth quarter valued at approximately $94,753,000. 76.77% of the stock is currently owned by institutional investors.
Shares of NextEra Energy, Inc. (NYSE NEE) traded down 0.49% during midday trading on Monday, reaching $140.97. 809,254 shares of the company’s stock traded hands. The company has a market capitalization of $66.00 billion, a price-to-earnings ratio of 17.15 and a beta of 0.31. The company has a 50-day moving average of $140.27 and a 200-day moving average of $129.94. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $144.87.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, April 21st. The utilities provider reported $1.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.24. NextEra Energy had a net margin of 23.58% and a return on equity of 11.82%. The business had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the business posted $1.55 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. Equities research analysts anticipate that NextEra Energy, Inc. will post $6.70 EPS for the current year.
Several equities analysts recently commented on NEE shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $144.00 target price on shares of NextEra Energy in a report on Tuesday, May 2nd. Morgan Stanley increased their target price on shares of NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a report on Monday, May 8th. Barclays PLC reaffirmed an “overweight” rating and set a $150.00 target price (up previously from $139.00) on shares of NextEra Energy in a report on Sunday, April 23rd. Deutsche Bank AG increased their target price on shares of NextEra Energy from $128.00 to $132.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Finally, Mizuho increased their target price on shares of NextEra Energy from $138.00 to $141.00 and gave the company a “buy” rating in a report on Monday, March 20th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. NextEra Energy currently has an average rating of “Buy” and an average target price of $147.00.
In other NextEra Energy news, Director Eric E. Silagy sold 8,111 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the transaction, the director now owns 26,884 shares in the company, valued at $3,779,352.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James L. Robo sold 52,320 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $136.48, for a total transaction of $7,140,633.60. The disclosure for this sale can be found here. Insiders have sold 66,111 shares of company stock worth $9,036,943 in the last quarter. Company insiders own 0.53% of the company’s stock.
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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