11,888 Shares in NextEra Energy, Inc. (NYSE:NEE) Purchased by Longfellow Investment Management Co. LLC

Longfellow Investment Management Co. LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEEFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,888 shares of the utilities provider’s stock, valued at approximately $681,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in NextEra Energy by 4.1% in the second quarter. Geode Capital Management LLC now owns 36,670,792 shares of the utilities provider’s stock valued at $2,712,616,000 after buying an additional 1,437,501 shares in the last quarter. Norges Bank bought a new position in NextEra Energy in the fourth quarter valued at approximately $2,774,845,000. Moneta Group Investment Advisors LLC lifted its stake in NextEra Energy by 66,613.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock valued at $2,530,055,000 after buying an additional 30,218,452 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in NextEra Energy by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 19,626,941 shares of the utilities provider’s stock valued at $1,538,947,000 after buying an additional 315,356 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in NextEra Energy by 12.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 11,735,932 shares of the utilities provider’s stock valued at $981,129,000 after buying an additional 1,259,307 shares in the last quarter. Institutional investors own 76.48% of the company’s stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded up $0.97 during trading on Monday, reaching $57.55. The company’s stock had a trading volume of 9,616,880 shares, compared to its average volume of 10,595,306. The business’s 50-day moving average price is $59.66 and its 200-day moving average price is $60.99. The firm has a market cap of $118.08 billion, a PE ratio of 15.94, a P/E/G ratio of 2.01 and a beta of 0.52. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $79.78. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06.

NextEra Energy (NYSE:NEEGet Free Report) last announced its earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The company had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the previous year, the business posted $0.51 earnings per share. Equities analysts forecast that NextEra Energy, Inc. will post 3.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Guggenheim lifted their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Wolfe Research lowered their price objective on shares of NextEra Energy from $79.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, October 20th. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, November 29th. Citigroup assumed coverage on shares of NextEra Energy in a report on Friday, December 8th. They issued a “buy” rating and a $69.00 price objective on the stock. Finally, Seaport Res Ptn downgraded shares of NextEra Energy from a “neutral” rating to a “sell” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $71.85.

View Our Latest Stock Report on NEE

Insider Buying and Selling

In other news, Director Nicole S. Arnaboldi acquired 8,500 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was acquired at an average price of $59.59 per share, with a total value of $506,515.00. Following the completion of the transaction, the director now directly owns 11,523 shares of the company’s stock, valued at approximately $686,655.57. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Company Profile

(Free Report)

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, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

Further Reading

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

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