NextEra Energy, Inc. (NYSE:NEE) Position Maintained by Norway Savings Bank

Norway Savings Bank held its position in shares of NextEra Energy, Inc. (NYSE:NEE) during the second quarter, Holdings Channel reports. The fund owned 1,344 shares of the utilities provider’s stock at the end of the second quarter. Norway Savings Bank’s holdings in NextEra Energy were worth $188,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dowling & Yahnke LLC boosted its position in shares of NextEra Energy by 0.5% in the first quarter. Dowling & Yahnke LLC now owns 1,779 shares of the utilities provider’s stock worth $228,000 after buying an additional 9 shares during the period. Genesee Valley Trust Co. boosted its position in shares of NextEra Energy by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 3,133 shares of the utilities provider’s stock worth $402,000 after buying an additional 10 shares during the period. Beese Fulmer Investment Management Inc. boosted its position in shares of NextEra Energy by 0.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 2,199 shares of the utilities provider’s stock worth $282,000 after buying an additional 13 shares during the period. Regentatlantic Capital LLC boosted its position in shares of NextEra Energy by 0.4% in the first quarter. Regentatlantic Capital LLC now owns 3,468 shares of the utilities provider’s stock worth $445,000 after buying an additional 14 shares during the period. Finally, Honkamp Krueger Financial Services Inc. boosted its position in shares of NextEra Energy by 0.3% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 4,902 shares of the utilities provider’s stock worth $629,000 after buying an additional 14 shares during the period. Hedge funds and other institutional investors own 76.77% of the company’s stock.

NextEra Energy, Inc. (NEE) traded down 0.52% on Monday, reaching $140.93. 985,925 shares of the company’s stock traded hands. The firm has a market capitalization of $65.98 billion, a P/E ratio of 17.15 and a beta of 0.31. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $144.87. The stock has a 50-day moving average of $140.27 and a 200 day moving average of $129.94.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, April 21st. The utilities provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.24. The company had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.99 billion. NextEra Energy had a net margin of 23.58% and a return on equity of 11.82%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 earnings per share. On average, equities analysts expect that NextEra Energy, Inc. will post $6.70 EPS for the current fiscal year.

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A number of research analysts recently weighed in on the stock. UBS AG restated a “buy” rating and issued a $143.00 price objective (up previously from $138.00) on shares of NextEra Energy in a report on Tuesday, April 18th. Wells Fargo & Company restated an “outperform” rating and issued a $158.00 price objective (up previously from $150.00) on shares of NextEra Energy in a report on Monday, June 19th. Royal Bank Of Canada restated an “outperform” rating and issued a $147.00 price objective (up previously from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. BidaskClub cut shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Barclays PLC restated an “overweight” rating and issued a $150.00 price objective (up previously from $139.00) on shares of NextEra Energy in a report on Sunday, April 23rd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $147.00.

In other news, Director James L. Robo sold 52,320 shares of NextEra Energy stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Eric E. Silagy sold 8,111 shares of NextEra Energy stock in a transaction that occurred 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 sale, the director now owns 26,884 shares in the company, valued at approximately $3,779,352.72. 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. Insiders own 0.53% of the company’s stock.

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.

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE).

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

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