Madison Investment Holdings Inc. Lowers Position in NextEra Energy, Inc. (NEE)

Madison Investment Holdings Inc. reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.2% during the first quarter, Holdings Channel reports. The fund owned 124,657 shares of the utilities provider’s stock after selling 2,789 shares during the period. Madison Investment Holdings Inc.’s holdings in NextEra Energy were worth $16,002,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of NextEra Energy during the fourth quarter valued at about $678,763,000. APG Asset Management N.V. raised its stake in shares of NextEra Energy by 75.0% in the first quarter. APG Asset Management N.V. now owns 1,971,565 shares of the utilities provider’s stock valued at $253,090,000 after buying an additional 844,862 shares during the last quarter. Bahl & Gaynor Inc. increased its position in shares of NextEra Energy by 6.1% in the first quarter. Bahl & Gaynor Inc. now owns 1,853,966 shares of the utilities provider’s stock worth $237,994,000 after buying an additional 106,197 shares during the period. Swiss National Bank increased its position in shares of NextEra Energy by 26.1% in the first quarter. Swiss National Bank now owns 1,851,224 shares of the utilities provider’s stock worth $237,642,000 after buying an additional 382,800 shares during the period. Finally, UBS Asset Management Americas Inc. increased its position in shares of NextEra Energy by 8.0% in the first quarter. UBS Asset Management Americas Inc. now owns 1,792,255 shares of the utilities provider’s stock worth $230,072,000 after buying an additional 132,688 shares during the period. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Shares of NextEra Energy, Inc. (NYSE:NEE) opened at 141.49 on Wednesday. The company’s 50 day moving average is $141.24 and its 200 day moving average is $132.03. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $144.87. The company has a market cap of $66.24 billion, a P/E ratio of 17.21 and a beta of 0.31.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, April 21st. The utilities provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.24. The business had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.99 billion. NextEra Energy had a net margin of 23.58% and a return on equity of 11.82%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.55 earnings per share. On average, equities analysts predict that NextEra Energy, Inc. will post $6.70 earnings per share for the current year.

A number of brokerages have recently commented on NEE. BMO Capital Markets reissued a “buy” rating and issued a $135.00 price objective on shares of NextEra Energy in a research report on Friday, March 31st. Royal Bank Of Canada reissued an “outperform” rating and issued a $147.00 price objective (up previously from $144.00) on shares of NextEra Energy in a research report on Sunday, July 9th. Deutsche Bank AG reissued a “hold” rating and issued a $128.00 price objective (down previously from $129.00) on shares of NextEra Energy in a research report on Sunday, April 2nd. Morgan Stanley lifted their price objective on shares of NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, May 8th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $158.00 price objective (up previously from $150.00) on shares of NextEra Energy in a research report on Monday, June 19th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $147.00.

In other NextEra Energy news, Director Eric E. Silagy sold 8,111 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the completion of the transaction, the director now owns 26,884 shares in the company, valued at $3,779,352.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Armando Pimentel, Jr. sold 5,680 shares of the stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $133.11, for a total transaction of $756,064.80. Following the transaction, the chief executive officer now owns 79,586 shares of the company’s stock, valued at approximately $10,593,692.46. The disclosure for this sale can be found here. Insiders have sold 66,111 shares of company stock valued at $9,036,943 in the last quarter. Company insiders own 0.53% of the company’s stock.

NextEra Energy Company 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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