Flagship Harbor Advisors LLC raised its position in shares of NextEra Energy Inc (NYSE:NEE) by 8.2% in the first quarter, Holdings Channel reports. The fund owned 3,608 shares of the utilities provider’s stock after acquiring an additional 272 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in NextEra Energy were worth $697,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its holdings in shares of NextEra Energy by 17,067.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 8,771,018 shares during the last quarter. Norges Bank acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $1,172,014,000. Rehmann Capital Advisory Group increased its holdings in shares of NextEra Energy by 16,992.0% in the third quarter. Rehmann Capital Advisory Group now owns 1,864,569 shares of the utilities provider’s stock valued at $11,125,000 after purchasing an additional 1,853,660 shares during the last quarter. GQG Partners LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $264,629,000. Finally, BlackRock Inc. increased its holdings in shares of NextEra Energy by 2.4% in the fourth quarter. BlackRock Inc. now owns 37,651,697 shares of the utilities provider’s stock valued at $6,544,616,000 after purchasing an additional 886,301 shares during the last quarter. 77.20% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently commented on NEE shares. Barclays raised NextEra Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $187.00 to $207.00 in a report on Wednesday, March 20th. They noted that the move was a valuation call. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 price target for the company in a report on Wednesday, January 30th. Morgan Stanley increased their price target on NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 12th. Guggenheim reaffirmed a “buy” rating and issued a $205.00 price target on shares of NextEra Energy in a report on Monday, January 7th. Finally, Goldman Sachs Group cut NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price target for the company. in a report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $183.08.
Shares of NextEra Energy stock opened at $189.52 on Wednesday. The company has a market capitalization of $91.55 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 2.93 and a beta of 0.29. NextEra Energy Inc has a fifty-two week low of $155.06 and a fifty-two week high of $195.55. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.72.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 25th. The utilities provider reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). The business had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.84 billion. NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. The company’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.25 earnings per share. Equities research analysts predict that NextEra Energy Inc will post 8.41 EPS for the current year.
NextEra Energy Company 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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