NextEra Energy Inc (NEE) Stake Boosted by Highland Capital Management LLC
Highland Capital Management LLC grew its position in shares of NextEra Energy Inc (NYSE:NEE) by 28.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,581 shares of the utilities provider’s stock after acquiring an additional 8,600 shares during the period. Highland Capital Management LLC’s holdings in NextEra Energy were worth $7,458,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Bfsg LLC raised its stake in NextEra Energy by 1.8% in the first quarter. Bfsg LLC now owns 15,081 shares of the utilities provider’s stock worth $2,915,000 after buying an additional 271 shares in the last quarter. Telos Capital Management Inc. raised its stake in NextEra Energy by 94.1% in the first quarter. Telos Capital Management Inc. now owns 6,686 shares of the utilities provider’s stock worth $1,292,000 after buying an additional 3,241 shares in the last quarter. IFM Investors Pty Ltd raised its stake in NextEra Energy by 11.4% in the first quarter. IFM Investors Pty Ltd now owns 30,282 shares of the utilities provider’s stock worth $5,854,000 after buying an additional 3,108 shares in the last quarter. Wedbush Securities Inc. raised its stake in NextEra Energy by 5.7% in the first quarter. Wedbush Securities Inc. now owns 8,976 shares of the utilities provider’s stock worth $1,735,000 after buying an additional 482 shares in the last quarter. Finally, Carroll Financial Associates Inc. grew its holdings in NextEra Energy by 56.3% in the first quarter. Carroll Financial Associates Inc. now owns 5,165 shares of the utilities provider’s stock worth $998,000 after purchasing an additional 1,861 shares during the period. 77.20% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $191.52, for a total transaction of $306,432.00. Following the sale, the director now owns 19,210 shares in the company, valued at $3,679,099.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James L. Robo sold 111,864 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $191.27, for a total transaction of $21,396,227.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 173,773 shares of company stock worth $33,097,211. Corporate insiders own 0.48% of the company’s stock.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 25th. The utilities provider reported $1.49 EPS for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.02). NextEra Energy had a net margin of 39.74% and a return on equity of 10.01%. The firm had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.84 billion. During the same quarter in the previous year, the company earned $1.25 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, equities analysts predict that NextEra Energy Inc will post 8.4 earnings per share for the current year.
NEE has been the topic of a number of recent research reports. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Morgan Stanley upped their price objective on shares of NextEra Energy from $184.00 to $188.00 and gave the stock an “overweight” rating in a report on Tuesday, February 12th. Guggenheim restated a “buy” rating and issued a $205.00 price objective on shares of NextEra Energy in a report on Monday, January 7th. Goldman Sachs Group cut shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price objective on the stock. in a report on Monday, April 8th. Finally, Barclays upgraded shares of NextEra Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $187.00 to $207.00 in a report on Wednesday, March 20th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $183.08.
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NextEra Energy Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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