NextEra Energy Inc (NEE) Position Lifted by Catalyst Capital Advisors LLC
Catalyst Capital Advisors LLC increased its position in shares of NextEra Energy Inc (NYSE:NEE) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,000 shares of the utilities provider’s stock after acquiring an additional 7,500 shares during the quarter. NextEra Energy comprises 0.5% of Catalyst Capital Advisors LLC’s holdings, making the stock its 26th biggest position. Catalyst Capital Advisors LLC’s holdings in NextEra Energy were worth $14,838,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. D Orazio & Associates Inc. bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $113,000. Risk Paradigm Group LLC raised its stake in shares of NextEra Energy by 108.1% during the 3rd quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 442 shares in the last quarter. Archford Capital Strategies LLC raised its stake in shares of NextEra Energy by 76.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after acquiring an additional 4,347 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $128,000. Finally, Keeler Thomas Management LLC bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $129,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.
Several research analysts recently commented on NEE shares. Bank of America started coverage on shares of NextEra Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $166.00 price objective for the company. Royal Bank of Canada reiterated a “buy” rating and set a $156.00 price objective on shares of NextEra Energy in a research note on Tuesday, November 7th. Credit Suisse Group initiated coverage on shares of NextEra Energy in a research report on Thursday, December 7th. They set an “outperform” rating and a $173.00 target price on the stock. Guggenheim reissued a “buy” rating and set a $177.00 target price on shares of NextEra Energy in a research report on Wednesday, January 3rd. Finally, Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 target price on the stock in a research report on Tuesday, December 12th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. NextEra Energy has a consensus rating of “Buy” and an average price target of $161.38.
NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.06). The company had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.18 billion. NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 EPS. equities analysts expect that NextEra Energy Inc will post 7.72 earnings per share for the current year.
In other news, CEO Armando Pimentel, Jr. sold 42,372 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total value of $6,671,471.40. Following the sale, the chief executive officer now directly owns 121,958 shares of the company’s stock, valued at approximately $19,202,287.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total transaction of $1,404,427.50. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.
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NextEra Energy Company Profile
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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