Balasa Dinverno & Foltz LLC Decreases Position in NextEra Energy Inc (NEE)

Balasa Dinverno & Foltz LLC trimmed its position in NextEra Energy Inc (NYSE:NEE) by 4.5% in the fourth quarter, HoldingsChannel reports. The firm owned 3,778 shares of the utilities provider’s stock after selling 178 shares during the quarter. Balasa Dinverno & Foltz LLC’s holdings in NextEra Energy were worth $657,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its stake in shares of NextEra Energy by 12.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,180,979 shares of the utilities provider’s stock valued at $698,348,000 after acquiring an additional 455,401 shares during the period. Security National Bank bought a new position in shares of NextEra Energy during the 3rd quarter valued at approximately $1,635,000. Capital Investment Advisors LLC grew its stake in shares of NextEra Energy by 59.5% during the 3rd quarter. Capital Investment Advisors LLC now owns 7,447 shares of the utilities provider’s stock valued at $1,248,000 after acquiring an additional 2,778 shares during the period. MainStreet Investment Advisors LLC grew its stake in shares of NextEra Energy by 211.7% during the 3rd quarter. MainStreet Investment Advisors LLC now owns 11,681 shares of the utilities provider’s stock valued at $1,958,000 after acquiring an additional 7,934 shares during the period. Finally, Tandem Investment Advisors Inc. grew its stake in shares of NextEra Energy by 10.2% during the 3rd quarter. Tandem Investment Advisors Inc. now owns 39,255 shares of the utilities provider’s stock valued at $6,579,000 after acquiring an additional 3,640 shares during the period. Institutional investors and hedge funds own 77.71% of the company’s stock.

A number of brokerages recently issued reports on NEE. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 price objective for the company in a research note on Wednesday, January 30th. Guggenheim reiterated a “buy” rating and set a $205.00 price objective on shares of NextEra Energy in a research note on Monday, January 7th. Credit Suisse Group boosted their price objective on NextEra Energy from $186.00 to $193.00 and gave the company an “outperform” rating in a research note on Wednesday, December 12th. Barclays boosted their price objective on NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a research note on Monday, November 19th. Finally, Royal Bank of Canada boosted their price objective on NextEra Energy to $186.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $178.42.

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 35,347 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $180.81, for a total value of $6,391,091.07. Following the completion of the transaction, the chief executive officer now directly owns 94,596 shares in the company, valued at approximately $17,103,902.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $170.23, for a total value of $272,368.00. Following the sale, the director now directly owns 20,100 shares in the company, valued at $3,421,623. The disclosure for this sale can be found here. Insiders sold a total of 74,678 shares of company stock valued at $13,469,072 over the last 90 days. 0.55% of the stock is currently owned by corporate insiders.

NEE stock opened at $183.01 on Tuesday. NextEra Energy Inc has a 1-year low of $146.86 and a 1-year high of $184.20. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $87.47 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 2.81 and a beta of 0.26.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 25th. The utilities provider reported $1.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.02). NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. The business had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter in the previous year, the company earned $1.25 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, sell-side analysts expect that NextEra Energy Inc will post 8.4 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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