Vicus Capital grew its stake in NextEra Energy Inc (NYSE:NEE) by 15.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,611 shares of the utilities provider’s stock after buying an additional 220 shares during the period. Vicus Capital’s holdings in NextEra Energy were worth $311,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Webster Bank N. A. grew its position in shares of NextEra Energy by 1.4% during the first quarter. Webster Bank N. A. now owns 4,031 shares of the utilities provider’s stock worth $779,000 after purchasing an additional 54 shares in the last quarter. Starfire Investment Advisers Inc. grew its position in shares of NextEra Energy by 2.9% during the first quarter. Starfire Investment Advisers Inc. now owns 1,973 shares of the utilities provider’s stock worth $381,000 after purchasing an additional 55 shares in the last quarter. Miller Howard Investments Inc. NY grew its position in shares of NextEra Energy by 0.5% during the fourth quarter. Miller Howard Investments Inc. NY now owns 11,662 shares of the utilities provider’s stock worth $2,027,000 after purchasing an additional 56 shares in the last quarter. Logan Capital Management Inc. grew its position in shares of NextEra Energy by 3.4% during the fourth quarter. Logan Capital Management Inc. now owns 1,698 shares of the utilities provider’s stock worth $295,000 after purchasing an additional 56 shares in the last quarter. Finally, Buckley Wealth Management LLC grew its position in shares of NextEra Energy by 1.9% during the first quarter. Buckley Wealth Management LLC now owns 3,164 shares of the utilities provider’s stock worth $612,000 after purchasing an additional 58 shares in the last quarter. Institutional investors and hedge funds own 77.00% of the company’s stock.
In related news, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $191.52, for a total transaction of $306,432.00. Following the completion of the sale, the director now directly owns 19,210 shares of the company’s stock, valued at approximately $3,679,099.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 5,916 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $192.20, for a total value of $1,137,055.20. Following the sale, the executive vice president now directly owns 51,454 shares of the company’s stock, valued at $9,889,458.80. The disclosure for this sale can be found here. Insiders have sold a total of 224,148 shares of company stock valued at $42,946,133 over the last three months. 0.48% of the stock is owned by corporate insiders.
Shares of NYSE:NEE traded up $1.73 during trading on Friday, hitting $198.84. The company had a trading volume of 23,104 shares, compared to its average volume of 1,823,267. The firm has a market capitalization of $94.40 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 2.96 and a beta of 0.28. NextEra Energy Inc has a one year low of $155.06 and a one year high of $197.92. 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 (NYSE:NEE) last posted 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 business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.11 billion. NextEra Energy had a return on equity of 10.26% and a net margin of 17.13%. During the same period last year, the company earned $1.94 EPS. As a group, analysts expect that NextEra Energy Inc will post 8.41 earnings per share for the current fiscal year.
Several research firms have weighed in on NEE. Zacks Investment Research upgraded NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday, April 8th. Morgan Stanley raised their price target on NextEra Energy from $193.00 to $194.00 and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Co raised their price target on NextEra Energy from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Scotiabank upgraded NextEra Energy from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $187.00 to $202.00 in a report on Wednesday, May 8th. Finally, Barclays upgraded NextEra Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $187.00 to $207.00 in a report on Wednesday, March 20th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. NextEra Energy currently has an average rating of “Buy” and a consensus target price of $196.83.
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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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