NextEra Energy Inc (NYSE:NEE) is Pineno Levin & Ford Asset Management Inc.’s 4th Largest Position

Pineno Levin & Ford Asset Management Inc. lessened its stake in shares of NextEra Energy Inc (NYSE:NEE) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,480 shares of the utilities provider’s stock after selling 283 shares during the quarter. NextEra Energy makes up approximately 3.2% of Pineno Levin & Ford Asset Management Inc.’s holdings, making the stock its 4th largest holding. Pineno Levin & Ford Asset Management Inc.’s holdings in NextEra Energy were worth $8,033,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NEE. Bedel Financial Consulting Inc. grew its holdings in NextEra Energy by 1.4% in the 3rd quarter. Bedel Financial Consulting Inc. now owns 3,412 shares of the utilities provider’s stock valued at $795,000 after buying an additional 47 shares during the period. Meridian Financial Partners LLC grew its holdings in NextEra Energy by 1.8% in the 2nd quarter. Meridian Financial Partners LLC now owns 2,824 shares of the utilities provider’s stock valued at $588,000 after buying an additional 49 shares during the period. Grove Bank & Trust grew its holdings in NextEra Energy by 1.0% in the 2nd quarter. Grove Bank & Trust now owns 4,954 shares of the utilities provider’s stock valued at $1,015,000 after buying an additional 49 shares during the period. Bogart Wealth LLC grew its holdings in NextEra Energy by 1.4% in the 2nd quarter. Bogart Wealth LLC now owns 4,026 shares of the utilities provider’s stock valued at $824,000 after buying an additional 54 shares during the period. Finally, Ullmann Financial Group Inc. grew its holdings in NextEra Energy by 2.7% in the 2nd quarter. Ullmann Financial Group Inc. now owns 2,130 shares of the utilities provider’s stock valued at $436,000 after buying an additional 57 shares during the period. Hedge funds and other institutional investors own 76.11% of the company’s stock.

Several analysts have commented on the company. Guggenheim lifted their price target on NextEra Energy from $230.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Barclays cut NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price target for the company. in a report on Tuesday, August 13th. Wells Fargo & Co set a $240.00 price target on NextEra Energy and gave the company a “buy” rating in a report on Tuesday, September 3rd. UBS Group lifted their price target on NextEra Energy from $240.00 to $250.00 and gave the company a “buy” rating in a report on Friday, September 6th. Finally, Credit Suisse Group lifted their price target on NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $222.79.

Shares of NEE traded up $1.55 during trading on Thursday, reaching $231.46. The company’s stock had a trading volume of 591,623 shares, compared to its average volume of 2,032,840. The company has a fifty day moving average of $225.73 and a two-hundred day moving average of $208.52. NextEra Energy Inc has a twelve month low of $164.78 and a twelve month high of $234.27. The company has a market cap of $109.67 billion, a price-to-earnings ratio of 30.06, a P/E/G ratio of 3.41 and a beta of 0.18. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.88.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.07. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The company had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same period in the prior year, the company posted $2.08 EPS. NextEra Energy’s quarterly revenue was up 22.3% on a year-over-year basis. As a group, equities analysts forecast that NextEra Energy Inc will post 8.37 EPS for the current fiscal year.

In other news, EVP Charles E. Sieving sold 4,987 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $222.52, for a total value of $1,109,707.24. Following the completion of the sale, the executive vice president now directly owns 46,467 shares in the company, valued at approximately $10,339,836.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James L. Robo sold 44,537 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $216.85, for a total value of $9,657,848.45. The disclosure for this sale can be found here. Insiders sold a total of 97,576 shares of company stock valued at $21,514,886 over the last quarter. Company insiders own 0.48% of the company’s stock.

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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