Hexavest Inc. Has $43.35 Million Position in NextEra Energy Inc (NEE)

Hexavest Inc. lifted its position in shares of NextEra Energy Inc (NYSE:NEE) by 1.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 277,552 shares of the utilities provider’s stock after buying an additional 4,894 shares during the quarter. Hexavest Inc.’s holdings in NextEra Energy were worth $43,351,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Whalerock Point Partners LLC increased its holdings in NextEra Energy by 0.3% in the 2nd quarter. Whalerock Point Partners LLC now owns 5,598 shares of the utilities provider’s stock valued at $784,000 after acquiring an additional 15 shares during the last quarter. First Interstate Bank increased its holdings in NextEra Energy by 1.3% in the 2nd quarter. First Interstate Bank now owns 1,259 shares of the utilities provider’s stock valued at $176,000 after acquiring an additional 16 shares during the last quarter. Sfmg LLC increased its holdings in NextEra Energy by 0.7% in the 2nd quarter. Sfmg LLC now owns 2,679 shares of the utilities provider’s stock valued at $375,000 after acquiring an additional 19 shares during the last quarter. South Texas Money Management Ltd. increased its holdings in NextEra Energy by 0.5% in the 2nd quarter. South Texas Money Management Ltd. now owns 3,604 shares of the utilities provider’s stock valued at $505,000 after acquiring an additional 19 shares during the last quarter. Finally, Savant Capital LLC increased its holdings in NextEra Energy by 0.3% in the 2nd quarter. Savant Capital LLC now owns 6,181 shares of the utilities provider’s stock valued at $866,000 after acquiring an additional 20 shares during the last quarter. Institutional investors own 75.39% of the company’s stock.

In related news, CEO Armando Pimentel, Jr. sold 42,372 shares of NextEra Energy stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James L. Robo sold 30,000 shares of NextEra Energy 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 disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

NextEra Energy Inc (NEE) traded down $0.09 during trading on Friday, hitting $150.50. 1,887,600 shares of the stock were exchanged, compared to its average volume of 2,127,075. NextEra Energy Inc has a 12-month low of $117.88 and a 12-month high of $159.40. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61. The company has a market cap of $70,710.00, a P/E ratio of 16.91, a PEG ratio of 2.80 and a beta of 0.31.

NextEra Energy (NYSE:NEE) last posted its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the previous year, the firm posted $1.74 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. sell-side analysts forecast that NextEra Energy Inc will post 6.73 earnings per share for the current year.

A number of analysts have issued reports on NEE shares. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Tuesday, October 10th. JPMorgan Chase & Co. set a $169.00 price target on shares of NextEra Energy and gave the company a “hold” rating in a report on Thursday, October 12th. KeyCorp reiterated a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a report on Thursday, October 12th. Bank of America started coverage on shares of NextEra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price target on the stock. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $156.00 price target on shares of NextEra Energy in a report on Tuesday, November 7th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. NextEra Energy currently has a consensus rating of “Buy” and an average price target of $159.56.

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

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