Fox Run Management L.L.C. Buys New Holdings in NextEra Energy Inc (NEE)
Fox Run Management L.L.C. bought a new stake in NextEra Energy Inc (NYSE:NEE) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 5,764 shares of the utilities provider’s stock, valued at approximately $900,000.
Several other large investors have also made changes to their positions in NEE. Stratos Wealth Partners LTD. raised its holdings in shares of NextEra Energy by 1.9% in the second quarter. Stratos Wealth Partners LTD. now owns 16,667 shares of the utilities provider’s stock valued at $2,336,000 after buying an additional 309 shares during the last quarter. Candriam Luxembourg S.C.A. raised its holdings in shares of NextEra Energy by 2.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 30,856 shares of the utilities provider’s stock valued at $4,324,000 after buying an additional 600 shares during the last quarter. Korea Investment CORP raised its holdings in shares of NextEra Energy by 7.3% in the second quarter. Korea Investment CORP now owns 549,791 shares of the utilities provider’s stock valued at $77,042,000 after buying an additional 37,550 shares during the last quarter. Rand Wealth LLC purchased a new stake in shares of NextEra Energy in the second quarter valued at about $233,000. Finally, Smithfield Trust Co. raised its holdings in shares of NextEra Energy by 0.8% in the second quarter. Smithfield Trust Co. now owns 11,540 shares of the utilities provider’s stock valued at $1,617,000 after buying an additional 88 shares during the last quarter. 75.41% of the stock is owned by institutional investors and hedge funds.
NextEra Energy Inc (NYSE NEE) opened at $150.78 on Friday. NextEra Energy Inc has a one year low of $117.91 and a one year high of $159.40. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. The stock has a market cap of $71,443.99, a PE ratio of 16.94, a PEG ratio of 2.79 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same period in the previous year, the business posted $1.74 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. research analysts predict that NextEra Energy Inc will post 6.73 EPS for the current year.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 42,372 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the transaction, the chief executive officer now directly owns 121,958 shares in the company, valued at $19,202,287.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total transaction of $4,545,600.00. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Argus reaffirmed a “buy” rating and issued a $173.00 target price on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $169.00 price target on shares of NextEra Energy and gave the stock a “hold” rating in a research note on Thursday, October 12th. Morgan Stanley boosted their price target on shares of NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Finally, Guggenheim reiterated a “buy” rating and set a $177.00 price target on shares of NextEra Energy in a research note on Wednesday, January 3rd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. NextEra Energy currently has an average rating of “Buy” and an average target price of $159.56.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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