Miles Capital Inc. decreased its position in shares of NextEra Energy Inc (NYSE:NEE) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,052 shares of the utilities provider’s stock after selling 611 shares during the period. NextEra Energy comprises 2.0% of Miles Capital Inc.’s holdings, making the stock its 5th largest holding. Miles Capital Inc.’s holdings in NextEra Energy were worth $2,434,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of NEE. California Public Employees Retirement System raised its holdings in NextEra Energy by 9.3% in the 3rd quarter. California Public Employees Retirement System now owns 3,757,140 shares of the utilities provider’s stock valued at $875,376,000 after buying an additional 319,918 shares during the last quarter. Pictet Asset Management Ltd. raised its holdings in NextEra Energy by 7.0% during the 3rd quarter. Pictet Asset Management Ltd. now owns 2,283,686 shares of the utilities provider’s stock worth $532,076,000 after purchasing an additional 149,938 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in NextEra Energy by 2.6% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,982,461 shares of the utilities provider’s stock worth $461,894,000 after purchasing an additional 50,062 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in NextEra Energy by 3.6% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,759,537 shares of the utilities provider’s stock worth $409,955,000 after purchasing an additional 61,079 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of NextEra Energy by 4.5% in the 3rd quarter. Rhumbline Advisers now owns 922,211 shares of the utilities provider’s stock worth $214,866,000 after purchasing an additional 39,465 shares during the period. Institutional investors and hedge funds own 77.19% of the company’s stock.
NYSE:NEE traded up $2.37 during trading hours on Tuesday, reaching $255.77. The company had a trading volume of 418,104 shares, compared to its average volume of 1,452,072. The company has a quick ratio of 0.47, a current ratio of 0.58 and a debt-to-equity ratio of 0.90. The firm has a market cap of $123.86 billion, a price-to-earnings ratio of 38.40, a P/E/G ratio of 3.51 and a beta of 0.15. The business’s 50-day simple moving average is $241.13 and its two-hundred day simple moving average is $227.35. NextEra Energy Inc has a twelve month low of $171.74 and a twelve month high of $253.75.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.12. The firm had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.14 billion. NextEra Energy had a net margin of 16.92% and a return on equity of 10.59%. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.18 earnings per share. As a group, equities analysts predict that NextEra Energy Inc will post 8.39 earnings per share for the current year.
Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $214.00 to $252.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Wells Fargo & Co boosted their target price on shares of NextEra Energy from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. ValuEngine cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Goldman Sachs Group downgraded NextEra Energy from a “buy” rating to a “neutral” rating and increased their price target for the stock from $236.00 to $256.00 in a report on Wednesday, January 15th. Finally, Mizuho increased their price target on NextEra Energy from $202.50 to $245.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. NextEra Energy currently has a consensus rating of “Buy” and a consensus target price of $239.43.
In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $239.37, for a total transaction of $382,992.00. Following the transaction, the director now directly owns 14,897 shares in the company, valued at approximately $3,565,894.89. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James L. Robo sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $234.39, for a total transaction of $2,343,900.00. Company insiders own 0.48% of the company’s stock.
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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