Tradewinds Capital Management LLC raised its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 20.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 341 shares of the utilities provider’s stock after purchasing an additional 59 shares during the quarter. Tradewinds Capital Management LLC’s holdings in NextEra Energy were worth $79,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in NEE. TRUE Private Wealth Advisors bought a new stake in shares of NextEra Energy during the second quarter worth $25,000. Krane Funds Advisors LLC bought a new stake in shares of NextEra Energy during the second quarter worth $25,000. Manchester Financial Inc. bought a new stake in shares of NextEra Energy during the second quarter worth $26,000. Mackey Komara & Dankovich LLC raised its holdings in shares of NextEra Energy by 446.4% in the second quarter. Mackey Komara & Dankovich LLC now owns 765 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 625 shares in the last quarter. Finally, First PREMIER Bank bought a new stake in shares of NextEra Energy in the third quarter valued at about $33,000. Institutional investors and hedge funds own 76.11% of the company’s stock.
In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $231.32, for a total value of $370,112.00. Following the transaction, the director now owns 16,237 shares in the company, valued at $3,755,942.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James L. Robo sold 44,537 shares of NextEra Energy stock in a transaction dated 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 97,576 shares of company stock worth $21,514,886 in the last quarter. 0.48% of the stock is owned by insiders.
Shares of NEE stock traded up $1.55 on Thursday, hitting $231.46. The stock had a trading volume of 591,623 shares, compared to its average volume of 2,032,840. The business has a 50 day moving average price of $225.73 and a 200 day moving average price of $208.52. NextEra Energy Inc has a one year low of $164.78 and a one year high of $234.27. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. The company has a market cap of $109.67 billion, a PE ratio of 30.06, a P/E/G ratio of 3.41 and a beta of 0.18.
NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, beating the 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 quarter in the previous year, the firm earned $2.08 earnings per share. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. Equities research analysts expect that NextEra Energy Inc will post 8.37 EPS for the current year.
Several research firms recently weighed in on NEE. ValuEngine downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $214.00 to $252.00 and gave the company an “overweight” rating in a report on Monday. UBS Group lifted their price objective on NextEra Energy from $240.00 to $250.00 and gave the company a “buy” rating in a report on Friday, September 6th. Barclays downgraded NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price objective for the company. in a report on Tuesday, August 13th. Finally, Guggenheim lifted their price objective on NextEra Energy from $230.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $222.79.
NextEra Energy Company 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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