Union Bankshares Corp grew its stake in shares of NextEra Energy Inc (NYSE:NEE) by 2.0% during the fourth quarter, HoldingsChannel reports. The firm owned 4,593 shares of the utilities provider’s stock after purchasing an additional 92 shares during the quarter. Union Bankshares Corp’s holdings in NextEra Energy were worth $798,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. YHB Investment Advisors Inc. boosted its stake in shares of NextEra Energy by 12.8% during the 4th quarter. YHB Investment Advisors Inc. now owns 35,153 shares of the utilities provider’s stock valued at $6,110,000 after purchasing an additional 3,984 shares in the last quarter. Sound Income Strategies LLC boosted its stake in NextEra Energy by 340.9% during the fourth quarter. Sound Income Strategies LLC now owns 776 shares of the utilities provider’s stock worth $135,000 after acquiring an additional 600 shares in the last quarter. Cullinan Associates Inc. boosted its stake in NextEra Energy by 10.2% during the fourth quarter. Cullinan Associates Inc. now owns 28,410 shares of the utilities provider’s stock worth $4,938,000 after acquiring an additional 2,625 shares in the last quarter. New England Research & Management Inc. boosted its stake in NextEra Energy by 42.9% during the fourth quarter. New England Research & Management Inc. now owns 2,000 shares of the utilities provider’s stock worth $348,000 after acquiring an additional 600 shares in the last quarter. Finally, Carroll Financial Associates Inc. boosted its stake in NextEra Energy by 20.3% during the fourth quarter. Carroll Financial Associates Inc. now owns 3,304 shares of the utilities provider’s stock worth $569,000 after acquiring an additional 557 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy stock traded down $2.97 during trading hours on Monday, hitting $172.74. The stock had a trading volume of 39,081 shares, compared to its average volume of 2,438,402. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.57 and a current ratio of 0.65. The stock has a market capitalization of $82.58 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 2.38 and a beta of 0.22. NextEra Energy Inc has a 12-month low of $145.10 and a 12-month high of $184.20.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.03. The business had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.92 billion. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.85 earnings per share. As a group, equities research analysts forecast that NextEra Energy Inc will post 7.77 EPS for the current fiscal year.

In other news, EVP Charles E. Sieving sold 19,731 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $180.10, for a total transaction of $3,553,553.10. Following the completion of the transaction, the executive vice president now directly owns 68,245 shares of the company’s stock, valued at $12,290,924.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Armando Pimentel, Jr. sold 4,920 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $170.11, for a total transaction of $836,941.20. Following the transaction, the chief executive officer now directly owns 59,969 shares of the company’s stock, valued at $10,201,326.59. The disclosure for this sale can be found here. Insiders sold 79,598 shares of company stock valued at $14,306,013 over the last ninety days. Corporate insiders own 0.55% of the company’s stock.

Several equities research analysts recently commented on the stock. Barclays boosted their price objective on shares of NextEra Energy from $182.00 to $187.00 and gave the stock a “hold” rating in a research note on Monday, November 19th. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 price objective on the stock in a research note on Friday, October 12th. Guggenheim reissued a “buy” rating and set a $205.00 price objective on shares of NextEra Energy in a research note on Monday, January 7th. Morgan Stanley dropped their price objective on shares of NextEra Energy from $186.00 to $184.00 and set a “buy” rating on the stock in a research note on Friday, September 21st. Finally, Credit Suisse Group boosted their price objective on shares of NextEra Energy from $186.00 to $193.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 12th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $179.15.

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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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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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