NextEra Energy Inc (NEE) Shares Bought by Advisory Services Network LLC
Advisory Services Network LLC increased its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 11.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,649 shares of the utilities provider’s stock after buying an additional 1,084 shares during the quarter. Advisory Services Network LLC’s holdings in NextEra Energy were worth $1,663,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Toronto Dominion Bank grew its stake in NextEra Energy by 69.4% in the fourth quarter. Toronto Dominion Bank now owns 305,014 shares of the utilities provider’s stock valued at $47,640,000 after purchasing an additional 124,974 shares in the last quarter. ACG Wealth purchased a new position in NextEra Energy in the fourth quarter valued at about $269,000. Retirement Systems of Alabama grew its stake in NextEra Energy by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 227,960 shares of the utilities provider’s stock valued at $35,605,000 after purchasing an additional 829 shares in the last quarter. Mutual of Omaha Bank Wealth Management purchased a new position in NextEra Energy in the fourth quarter valued at about $226,000. Finally, Public Employees Retirement System of Ohio grew its stake in NextEra Energy by 0.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 326,790 shares of the utilities provider’s stock valued at $51,041,000 after purchasing an additional 1,756 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.
In related news, CEO Armando Pimentel, Jr. sold 42,372 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total value of $1,404,427.50. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.
NextEra Energy Inc (NEE) opened at $150.08 on Thursday. NextEra Energy Inc has a 12-month low of $124.56 and a 12-month high of $159.64. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.52 and a current ratio of 0.64. The firm has a market capitalization of $71,062.97, a PE ratio of 13.18, a P/E/G ratio of 2.50 and a beta of 0.28.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data 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). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the firm posted $1.21 EPS. NextEra Energy’s revenue for the quarter was up 8.4% on a year-over-year basis. analysts forecast that NextEra Energy Inc will post 7.67 earnings per share for the current fiscal year.
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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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