NextEra Energy Inc (NEE) Stake Lowered by M&T Bank Corp

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M&T Bank Corp lowered its holdings in NextEra Energy Inc (NYSE:NEE) by 3.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 362,474 shares of the utilities provider’s stock after selling 14,798 shares during the quarter. M&T Bank Corp owned about 0.08% of NextEra Energy worth $63,005,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NEE. Rehmann Capital Advisory Group increased its holdings in shares of NextEra Energy by 16,992.0% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,864,569 shares of the utilities provider’s stock valued at $11,125,000 after acquiring an additional 1,853,660 shares during the last quarter. Capital International Investors purchased a new position in shares of NextEra Energy in the 3rd quarter valued at about $142,633,000. Vanguard Group Inc increased its holdings in shares of NextEra Energy by 2.0% in the 3rd quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock valued at $6,907,634,000 after acquiring an additional 815,916 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of NextEra Energy by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 41,214,999 shares of the utilities provider’s stock valued at $6,907,634,000 after acquiring an additional 815,916 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of NextEra Energy by 1.9% in the 3rd quarter. BlackRock Inc. now owns 36,765,396 shares of the utilities provider’s stock valued at $6,161,880,000 after acquiring an additional 692,998 shares during the last quarter. Institutional investors and hedge funds own 77.71% of the company’s stock.

In other NextEra Energy news, EVP Charles E. Sieving sold 19,731 shares of the stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $180.10, for a total transaction of $3,553,553.10. Following the completion of the sale, the executive vice president now directly owns 68,245 shares of the company’s stock, valued at approximately $12,290,924.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 35,347 shares of the stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $180.81, for a total value of $6,391,091.07. Following the sale, the chief executive officer now directly owns 94,596 shares of the company’s stock, valued at $17,103,902.76. The disclosure for this sale can be found here. Insiders have sold a total of 74,678 shares of company stock valued at $13,469,072 over the last ninety days. 0.55% of the stock is owned by insiders.

NYSE:NEE opened at $183.01 on Tuesday. The company has a market cap of $87.47 billion, a P/E ratio of 23.77, a PEG ratio of 2.81 and a beta of 0.26. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 0.72. NextEra Energy Inc has a 52-week low of $146.86 and a 52-week high of $184.20.

NextEra Energy (NYSE:NEE) last released 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). NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. The firm had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.84 billion. During the same quarter in the prior year, the business earned $1.25 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, research analysts expect that NextEra Energy Inc will post 8.4 EPS for the current fiscal year.

A number of research analysts recently issued reports on the company. Barclays raised their price target on NextEra Energy from $182.00 to $187.00 and gave the stock a “hold” rating in a research note on Monday, November 19th. Credit Suisse Group raised their price target on NextEra Energy from $186.00 to $193.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 12th. Argus raised their price target on NextEra Energy from $184.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Royal Bank of Canada raised their price target on NextEra Energy to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Finally, Guggenheim restated a “buy” rating and set a $205.00 price target on shares of NextEra Energy in a research note on Monday, January 7th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus 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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