Ullmann Financial Group Inc. bought a new position in shares of NextEra Energy Inc (NYSE:NEE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,073 shares of the utilities provider’s stock, valued at approximately $360,000.
Several other hedge funds also recently made changes to their positions in the company. Capital Advisors Ltd. LLC raised its stake in shares of NextEra Energy by 323.5% during the third quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock worth $109,000 after buying an additional 495 shares during the last quarter. Private Ocean LLC increased its stake in NextEra Energy by 154.2% in the third quarter. Private Ocean LLC now owns 778 shares of the utilities provider’s stock valued at $130,000 after purchasing an additional 472 shares in the last quarter. Sound Income Strategies LLC increased its stake in NextEra Energy by 340.9% in the fourth quarter. Sound Income Strategies LLC now owns 776 shares of the utilities provider’s stock valued at $135,000 after purchasing an additional 600 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new stake in NextEra Energy in the third quarter valued at approximately $168,000. Finally, Atlantic Trust LLC bought a new stake in NextEra Energy in the second quarter valued at approximately $184,000. Institutional investors own 75.75% of the company’s stock.
In other news, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $170.23, for a total transaction of $272,368.00. Following the completion of the sale, the director now owns 20,100 shares of the company’s stock, valued at $3,421,623. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 4,920 shares of the stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $170.11, for a total transaction of $836,941.20. Following the sale, the chief executive officer now directly owns 59,969 shares of the company’s stock, valued at approximately $10,201,326.59. The disclosure for this sale can be found here. Insiders have sold 79,598 shares of company stock valued at $14,306,013 in the last three months. 0.55% of the stock is owned by insiders.
Several equities research analysts have commented on NEE shares. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $204.00 target price for the company in a research note on Monday, December 17th. Guggenheim reaffirmed a “buy” rating and issued a $205.00 target price on shares of NextEra Energy in a research note on Monday, January 7th. Morgan Stanley lowered their target price on shares of NextEra Energy from $186.00 to $184.00 and set a “buy” rating for the company in a research note on Friday, September 21st. Argus upped their target price on shares of NextEra Energy from $184.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Finally, Barclays upped their target price on shares of NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a research note on Monday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $179.15.
Shares of NEE stock traded down $5.37 during trading hours on Monday, hitting $170.34. 1,615,005 shares of the company were exchanged, compared to its average volume of 2,438,402. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 0.72. NextEra Energy Inc has a 52 week low of $145.10 and a 52 week high of $184.20. The company has a market capitalization of $82.58 billion, a price-to-earnings ratio of 25.42, a P/E/G ratio of 2.38 and a beta of 0.22.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.03. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The company had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.92 billion. During the same quarter in the prior year, the firm earned $1.85 earnings per share. The firm’s revenue was down 8.1% compared to the same quarter last year. On average, equities analysts expect that NextEra Energy Inc will post 7.77 EPS for the current year.
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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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