Nisa Investment Advisors LLC Has $14.36 Million Stake in NextEra Energy Inc (NEE)
Nisa Investment Advisors LLC grew its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,949 shares of the utilities provider’s stock after purchasing an additional 6,650 shares during the period. Nisa Investment Advisors LLC’s holdings in NextEra Energy were worth $14,360,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of NEE. Janus Henderson Group PLC lifted its holdings in shares of NextEra Energy by 2,832.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock valued at $252,287,000 after purchasing an additional 1,738,989 shares during the last quarter. Vanguard Group Inc. increased its position in shares of NextEra Energy by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after acquiring an additional 1,503,907 shares during the period. Principal Financial Group Inc. increased its position in shares of NextEra Energy by 122.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock valued at $207,281,000 after acquiring an additional 814,478 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of NextEra Energy by 26.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock valued at $548,102,000 after acquiring an additional 777,351 shares during the period. Finally, BT Investment Management Ltd acquired a new position in shares of NextEra Energy in the 2nd quarter valued at $96,214,000. Hedge funds and other institutional investors own 75.39% of the company’s stock.
NEE has been the topic of several research reports. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Tuesday, October 10th. JPMorgan Chase & Co. set a $169.00 target price on NextEra Energy and gave the company a “hold” rating in a research report on Thursday, October 12th. KeyCorp reissued a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a research report on Thursday, October 12th. Bank of America initiated coverage on NextEra Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 target price on the stock. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $156.00 target price on shares of NextEra Energy in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $159.56.
Shares of NextEra Energy Inc (NEE) opened at $150.32 on Friday. The firm has a market capitalization of $70,710.00, a PE ratio of 16.89, a price-to-earnings-growth ratio of 2.78 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61. NextEra Energy Inc has a 12-month low of $117.88 and a 12-month high of $159.40.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.08. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the firm earned $1.74 EPS. equities analysts anticipate that NextEra Energy Inc will post 6.73 earnings per share for the current fiscal year.
In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total transaction of $4,545,600.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the stock in a transaction dated 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 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 currently owned by company insiders.
NextEra Energy 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.
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with Analyst Ratings Network's FREE daily email newsletter.