Quantbot Technologies LP boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2,368.5% during the first quarter, Holdings Channel reports. The institutional investor owned 66,995 shares of the utilities provider’s stock after buying an additional 64,281 shares during the period. NextEra Energy comprises 0.9% of Quantbot Technologies LP’s investment portfolio, making the stock its 13th largest position. Quantbot Technologies LP’s holdings in NextEra Energy were worth $8,600,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $678,763,000. Luminus Management LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $126,727,000. APG Asset Management N.V. raised its position 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 in the last quarter. Canada Pension Plan Investment Board raised its position in shares of NextEra Energy by 7,771.4% in the first quarter. Canada Pension Plan Investment Board now owns 399,000 shares of the utilities provider’s stock valued at $51,220,000 after buying an additional 393,931 shares in the last quarter. Finally, Swiss National Bank raised 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 valued at $237,642,000 after buying an additional 382,800 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE:NEE) opened at 143.48 on Friday. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $144.87. The company’s 50-day moving average price is $141.33 and its 200-day moving average price is $132.18. The company has a market cap of $67.17 billion, a P/E ratio of 17.46 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, April 21st. The utilities provider reported $1.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.24. NextEra Energy had a return on equity of 11.82% and a net margin of 23.58%. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the prior year, the business earned $1.55 EPS. NextEra Energy’s revenue was up 3.6% on a year-over-year basis. Equities analysts forecast that NextEra Energy, Inc. will post $6.70 EPS for the current fiscal year.
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NEE has been the topic of several research reports. Royal Bank Of Canada restated a “buy” rating and set a $144.00 price target on shares of NextEra Energy in a research note on Tuesday, May 2nd. Morgan Stanley raised their price target on NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, May 8th. Barclays PLC restated an “overweight” rating and set a $150.00 price target (up previously from $139.00) on shares of NextEra Energy in a research note on Sunday, April 23rd. Deutsche Bank AG raised their price target on NextEra Energy from $128.00 to $132.00 and gave the company a “hold” rating in a research note on Tuesday, April 11th. Finally, BidaskClub lowered NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $147.00.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 5,680 shares of the company’s 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 sale, the chief executive officer now owns 79,586 shares in the company, valued at approximately $10,593,692.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Eric E. Silagy sold 8,111 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total value of $1,140,244.38. Following the sale, the director now owns 26,884 shares in the company, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,111 shares of company stock worth $9,036,943. 0.53% of the stock is owned by company insiders.
About NextEra Energy
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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