ETRADE Capital Management LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.9% during the third quarter, Holdings Channel reports. The firm owned 20,506 shares of the company’s stock after buying an additional 183 shares during the period. ETRADE Capital Management LLC’s holdings in NextEra Energy were worth $2,508,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the stock. Riggs Asset Managment Co. Inc. boosted its position in NextEra Energy by 378.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 948 shares of the company’s stock valued at $124,000 after buying an additional 750 shares during the period. Spectrum Management Group Inc. boosted its position in NextEra Energy by 598.5% in the second quarter. Spectrum Management Group Inc. now owns 4,575 shares of the company’s stock valued at $597,000 after buying an additional 3,920 shares during the period. Essex Financial Services Inc. boosted its position in NextEra Energy by 3.5% in the second quarter. Essex Financial Services Inc. now owns 6,522 shares of the company’s stock valued at $850,000 after buying an additional 223 shares during the period. Schulhoff & Co. Inc. boosted its position in NextEra Energy by 8.5% in the second quarter. Schulhoff & Co. Inc. now owns 2,432 shares of the company’s stock valued at $317,000 after buying an additional 190 shares during the period. Finally, Penobscot Investment Management Company Inc. boosted its position in NextEra Energy by 1.0% in the second quarter. Penobscot Investment Management Company Inc. now owns 49,900 shares of the company’s stock valued at $6,507,000 after buying an additional 495 shares during the period. 73.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of NextEra Energy, Inc. (NYSE:NEE) opened at 126.00 on Tuesday. The firm has a 50-day moving average price of $120.92 and a 200-day moving average price of $121.63. The stock has a market cap of $59.09 billion, a price-to-earnings ratio of 20.16 and a beta of 0.23. NextEra Energy, Inc. has a 52 week low of $109.34 and a 52 week high of $131.98.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 27th. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.31 by $0.10. NextEra Energy had a return on equity of 11.74% and a net margin of 17.92%. The company earned $3.70 billion during the quarter. During the same quarter in the prior year, the company posted $1.17 EPS. The business’s revenue was down 9.1% on a year-over-year basis. On average, equities analysts anticipate that NextEra Energy, Inc. will post $6.63 earnings per share for the current year.
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Several equities analysts recently issued reports on NEE shares. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a research report on Tuesday, November 22nd. RBC Capital Markets reaffirmed a “buy” rating and issued a $142.00 price objective on shares of NextEra Energy in a research report on Wednesday, January 4th. Finally, Deutsche Bank AG raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Monday, January 30th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. NextEra Energy currently has a consensus rating of “Buy” and an average target price of $131.08.
In other news, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $122.60, for a total value of $3,678,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John L. Skolds acquired 800 shares of the firm’s stock in a transaction dated Monday, December 5th. The stock was bought at an average price of $114.96 per share, for a total transaction of $91,968.00. Following the completion of the acquisition, the director now owns 7,144 shares in the company, valued at approximately $821,274.24. The disclosure for this purchase can be found here. Corporate insiders own 0.66% of the company’s stock.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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