Raymond James Trust N.A. Cuts Stake in NextEra Energy Inc (NEE)
Raymond James Trust N.A. lessened its position in shares of NextEra Energy Inc (NYSE:NEE) by 10.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,405 shares of the utilities provider’s stock after selling 4,550 shares during the quarter. Raymond James Trust N.A.’s holdings in NextEra Energy were worth $6,311,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Hanson McClain Inc. increased its position in NextEra Energy by 6.0% during the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 43 shares in the last quarter. Risk Paradigm Group LLC increased its position in NextEra Energy by 108.1% during the 3rd quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 442 shares in the last quarter. Archford Capital Strategies LLC increased its position in NextEra Energy by 76.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after purchasing an additional 4,347 shares in the last quarter. Cerebellum GP LLC purchased a new stake in NextEra Energy during the 4th quarter worth about $128,000. Finally, Horan Capital Advisors LLC. purchased a new stake in NextEra Energy during the 3rd quarter worth about $134,000. 75.44% of the stock is owned by institutional investors and hedge funds.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 42,372 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 121,958 shares of the company’s stock, valued at approximately $19,202,287.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.53% of the company’s stock.
NextEra Energy Inc (NYSE NEE) opened at $154.29 on Tuesday. The company has a market capitalization of $73,344.40, a P/E ratio of 23.24, a P/E/G ratio of 2.56 and a beta of 0.28. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 1.07. NextEra Energy Inc has a 52-week low of $123.53 and a 52-week high of $159.64.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.06). The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.18 billion. NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm posted $1.21 earnings per share. analysts predict that NextEra Energy Inc will post 7.72 earnings per share for the current fiscal year.
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.
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