Clifford Swan Investment Counsel LLC trimmed its stake in shares of NextEra Energy (NYSE:NEE) by 3.3% in the first quarter, HoldingsChannel reports. The firm owned 9,953 shares of the utilities provider’s stock after selling 336 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in NextEra Energy were worth $1,626,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. WealthTrust Fairport LLC acquired a new position in NextEra Energy in the 4th quarter valued at approximately $201,000. Alliancebernstein L.P. increased its position in NextEra Energy by 1.0% in the 4th quarter. Alliancebernstein L.P. now owns 2,664,040 shares of the utilities provider’s stock valued at $416,096,000 after acquiring an additional 26,147 shares during the period. McCollum Christoferson Group LLC acquired a new position in NextEra Energy in the 4th quarter valued at approximately $5,484,000. Stephens Inc. AR increased its position in NextEra Energy by 1.5% in the 4th quarter. Stephens Inc. AR now owns 34,673 shares of the utilities provider’s stock valued at $5,416,000 after acquiring an additional 498 shares during the period. Finally, Geode Capital Management LLC increased its position in NextEra Energy by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 4,869,190 shares of the utilities provider’s stock valued at $758,889,000 after acquiring an additional 73,790 shares during the period. Institutional investors and hedge funds own 76.38% of the company’s stock.
Several equities analysts have issued reports on NEE shares. KeyCorp upped their price target on shares of NextEra Energy from $165.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, April 18th. Morgan Stanley decreased their price target on shares of NextEra Energy from $170.00 to $168.00 and set an “overweight” rating for the company in a research report on Thursday, March 8th. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 29th. JPMorgan Chase upped their price target on shares of NextEra Energy from $167.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 10th. Finally, UBS started coverage on shares of NextEra Energy in a research report on Friday, February 2nd. They issued a “buy” rating and a $177.00 price target for the company. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $168.92.
In other news, EVP Miguel Arechabala sold 5,093 shares of the stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $157.80, for a total transaction of $803,675.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James L. Robo sold 18,000 shares of the stock in a transaction on Monday, March 19th. The stock was sold at an average price of $160.89, for a total transaction of $2,896,020.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,265 shares of company stock valued at $9,726,667. 0.55% of the stock is currently owned by corporate insiders.
NEE opened at $156.42 on Friday. NextEra Energy has a twelve month low of $157.17 and a twelve month high of $159.00. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.78. The firm has a market cap of $74.79 billion, a PE ratio of 23.35, a PEG ratio of 2.34 and a beta of 0.23.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 24th. The utilities provider reported $1.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.16. NextEra Energy had a net margin of 48.13% and a return on equity of 10.91%. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the prior year, the company posted $1.75 earnings per share. NextEra Energy’s revenue for the quarter was down 2.7% compared to the same quarter last year. research analysts anticipate that NextEra Energy will post 7.74 earnings per share for the current fiscal year.
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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