NextEra Energy, Inc. $NEE Shares Acquired by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 326,193 shares of the utilities provider’s stock after purchasing an additional 15,600 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in NextEra Energy were worth $24,624,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Sax Wealth Advisors LLC lifted its stake in shares of NextEra Energy by 0.6% in the 3rd quarter. Sax Wealth Advisors LLC now owns 19,380 shares of the utilities provider’s stock worth $1,463,000 after acquiring an additional 118 shares during the period. apricus wealth LLC increased its stake in shares of NextEra Energy by 3.8% during the third quarter. apricus wealth LLC now owns 3,272 shares of the utilities provider’s stock worth $247,000 after acquiring an additional 120 shares during the period. Fingerlakes Wealth Management Inc. raised its holdings in NextEra Energy by 0.8% during the third quarter. Fingerlakes Wealth Management Inc. now owns 16,215 shares of the utilities provider’s stock worth $1,224,000 after purchasing an additional 124 shares in the last quarter. Heritage Wealth Management Inc. raised its holdings in NextEra Energy by 1.0% during the third quarter. Heritage Wealth Management Inc. now owns 12,320 shares of the utilities provider’s stock worth $930,000 after purchasing an additional 125 shares in the last quarter. Finally, Bank of Jackson Hole Trust lifted its position in NextEra Energy by 1.1% in the third quarter. Bank of Jackson Hole Trust now owns 11,885 shares of the utilities provider’s stock valued at $897,000 after purchasing an additional 126 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NextEra Energy

In related news, CEO John W. Ketchum sold 99,603 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $89.34, for a total value of $8,898,532.02. Following the sale, the chief executive officer directly owned 305,933 shares of the company’s stock, valued at approximately $27,332,054.22. This represents a 24.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 30,000 shares of NextEra Energy stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $15,073,290. The trade was a 15.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 304,189 shares of company stock valued at $26,373,239 over the last 90 days. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Performance

NYSE NEE opened at $91.44 on Thursday. The business has a 50 day moving average price of $83.23 and a 200 day moving average price of $79.89. The company has a market capitalization of $190.43 billion, a P/E ratio of 27.79, a PEG ratio of 2.81 and a beta of 0.76. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $91.96. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.NextEra Energy’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Analyst Ratings Changes

NEE has been the topic of several recent analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $104.00 target price on shares of NextEra Energy in a research report on Wednesday, January 21st. Argus set a $92.00 price target on NextEra Energy and gave the company a “buy” rating in a research note on Wednesday, January 28th. Seaport Research Partners dropped their price objective on NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a report on Monday, February 2nd. Wells Fargo & Company increased their price objective on NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of NextEra Energy in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $92.95.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.