NextEra Energy Inc (NEE) Shares Bought by Community Bank N.A.
Community Bank N.A. grew its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 3.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 13,936 shares of the utilities provider’s stock after acquiring an additional 528 shares during the period. Community Bank N.A.’s holdings in NextEra Energy were worth $2,176,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Achmea Investment Management B.V. boosted its stake in shares of NextEra Energy by 61.5% during the 3rd quarter. Achmea Investment Management B.V. now owns 52,613 shares of the utilities provider’s stock valued at $7,708,000 after buying an additional 20,028 shares during the last quarter. Almanack Investment Partners LLC. raised its position in shares of NextEra Energy by 64.6% during the 2nd quarter. Almanack Investment Partners LLC. now owns 2,163 shares of the utilities provider’s stock valued at $303,000 after acquiring an additional 849 shares in the last quarter. AXA raised its position in shares of NextEra Energy by 5.2% during the 3rd quarter. AXA now owns 383,033 shares of the utilities provider’s stock valued at $56,133,000 after acquiring an additional 19,060 shares in the last quarter. Colony Group LLC raised its position in shares of NextEra Energy by 806.4% during the 2nd quarter. Colony Group LLC now owns 15,517 shares of the utilities provider’s stock valued at $2,174,000 after acquiring an additional 13,805 shares in the last quarter. Finally, South Dakota Investment Council acquired a new stake in shares of NextEra Energy during the 3rd quarter valued at approximately $2,535,000. Institutional investors own 75.44% of the company’s stock.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 9,250 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total value of $1,404,427.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the completion of the sale, the chief executive officer now directly owns 121,958 shares in the company, valued at $19,202,287.10. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.
NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the business earned $1.21 earnings per share. NextEra Energy’s quarterly revenue was up 8.4% on a year-over-year basis. equities analysts anticipate that NextEra Energy Inc will post 7.72 EPS for the current fiscal year.
Several equities research analysts recently issued reports on NEE shares. Morgan Stanley upped their price target on NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price target on the stock in a research report on Tuesday, December 12th. Bank of America started coverage on NextEra Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price target on the stock. Argus reissued a “buy” rating and set a $173.00 price target on shares of NextEra Energy in a research report on Tuesday, December 5th. They noted that the move was a valuation call. Finally, Credit Suisse Group started coverage on NextEra Energy in a research report on Thursday, December 7th. They set an “outperform” rating and a $173.00 price target on the stock. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. NextEra Energy presently has an average rating of “Buy” and an average price target of $162.00.
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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