Radnor Capital Management LLC lowered its stake in NextEra Energy Inc (NYSE:NEE) by 3.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,375 shares of the utilities provider’s stock after selling 150 shares during the quarter. Radnor Capital Management LLC’s holdings in NextEra Energy were worth $846,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of NEE. First Manhattan Co. increased its holdings in NextEra Energy by 2.1% in the 1st quarter. First Manhattan Co. now owns 4,510 shares of the utilities provider’s stock valued at $872,000 after acquiring an additional 93 shares during the last quarter. Sowell Financial Services LLC increased its holdings in shares of NextEra Energy by 7.3% in the 4th quarter. Sowell Financial Services LLC now owns 2,635 shares of the utilities provider’s stock worth $458,000 after buying an additional 180 shares during the last quarter. Covington Capital Management increased its holdings in shares of NextEra Energy by 1.8% in the 4th quarter. Covington Capital Management now owns 85,166 shares of the utilities provider’s stock worth $14,804,000 after buying an additional 1,483 shares during the last quarter. Kaizen Advisory LLC increased its holdings in shares of NextEra Energy by 22.5% in the 4th quarter. Kaizen Advisory LLC now owns 1,296 shares of the utilities provider’s stock worth $225,000 after buying an additional 238 shares during the last quarter. Finally, Hexavest Inc. bought a new stake in shares of NextEra Energy in the 4th quarter worth about $68,255,000. Institutional investors own 77.00% of the company’s stock.
In other news, Director James L. Robo sold 111,864 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $191.27, for a total value of $21,396,227.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Miguel Arechabala sold 5,448 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $188.61, for a total transaction of $1,027,547.28. Following the completion of the sale, the executive vice president now owns 6,348 shares of the company’s stock, valued at approximately $1,197,296.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 240,594 shares of company stock valued at $46,236,648. 0.48% of the stock is owned by corporate insiders.
NextEra Energy stock traded up $3.03 during trading hours on Wednesday, hitting $201.93. The company had a trading volume of 1,546,539 shares, compared to its average volume of 2,047,115. The stock has a market cap of $95.48 billion, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 3.02 and a beta of 0.28. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.46 and a quick ratio of 0.38. NextEra Energy Inc has a 1 year low of $155.06 and a 1 year high of $202.35.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.19. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.11 billion. NextEra Energy had a net margin of 17.13% and a return on equity of 10.26%. During the same period in the previous year, the company earned $1.94 EPS. Research analysts expect that NextEra Energy Inc will post 8.41 earnings per share for the current year.
NEE has been the topic of a number of research reports. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 target price on the stock in a report on Wednesday, January 30th. Morgan Stanley lifted their price target on shares of NextEra Energy from $184.00 to $188.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 12th. Barclays raised shares of NextEra Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $187.00 to $207.00 in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Goldman Sachs Group cut shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price target for the company. in a research note on Monday, April 8th. Finally, Credit Suisse Group set a $199.00 price target on shares of NextEra Energy and gave the stock a “buy” rating in a research note on Monday, April 22nd. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. NextEra Energy presently has an average rating of “Buy” and a consensus price target of $196.83.
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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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