NextEra Energy Inc (NEE) Position Lowered by Spirit of America Management Corp NY

Spirit of America Management Corp NY lessened its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 89.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,600 shares of the utilities provider’s stock after selling 49,775 shares during the quarter. Spirit of America Management Corp NY’s holdings in NextEra Energy were worth $875,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its holdings in NextEra Energy by 0.6% in the second quarter. BlackRock Inc. now owns 38,051,440 shares of the utilities provider’s stock worth $5,332,149,000 after purchasing an additional 217,972 shares in the last quarter. Vanguard Group Inc. raised its holdings in NextEra Energy by 4.6% in the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock worth $4,785,120,000 after purchasing an additional 1,503,907 shares in the last quarter. FMR LLC raised its holdings in NextEra Energy by 1.1% in the second quarter. FMR LLC now owns 7,767,929 shares of the utilities provider’s stock worth $1,088,520,000 after purchasing an additional 87,224 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in NextEra Energy by 26.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock worth $548,102,000 after purchasing an additional 777,351 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in NextEra Energy by 2.8% in the third quarter. Legal & General Group Plc now owns 2,772,914 shares of the utilities provider’s stock worth $406,375,000 after purchasing an additional 76,379 shares in the last quarter. Institutional investors own 75.41% of the company’s stock.

A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. KeyCorp reiterated a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a report on Thursday, October 12th. Bank of America started coverage on NextEra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price target for the company. Credit Suisse Group started coverage on NextEra Energy in a report on Thursday, December 7th. They set an “outperform” rating and a $173.00 price target for the company. Finally, Guggenheim restated a “buy” rating and set a $177.00 price target on shares of NextEra Energy in a report on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $159.56.

NextEra Energy Inc (NYSE:NEE) traded up $0.22 during trading on Wednesday, hitting $150.54. The company had a trading volume of 1,867,800 shares, compared to its average volume of 2,048,090. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. NextEra Energy Inc has a 12 month low of $117.91 and a 12 month high of $159.40. The stock has a market capitalization of $71,680.00, a PE ratio of 16.91, a PEG ratio of 2.78 and a beta of 0.31.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The company had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same period last year, the firm posted $1.74 earnings per share. NextEra Energy’s revenue was up .1% compared to the same quarter last year. research analysts anticipate that NextEra Energy Inc will post 6.73 earnings per share for the current fiscal year.

In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the completion of the transaction, the chief executive officer now directly owns 121,958 shares in the company, valued at $19,202,287.10. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

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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.

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

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