American Century Companies Inc. boosted its holdings in shares of NextEra Energy (NYSE:NEE) by 34.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,792 shares of the utilities provider’s stock after purchasing an additional 18,752 shares during the period. American Century Companies Inc.’s holdings in NextEra Energy were worth $12,052,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in NEE. Millennium Management LLC lifted its stake in NextEra Energy by 243.4% during the fourth quarter. Millennium Management LLC now owns 1,465,988 shares of the utilities provider’s stock worth $228,973,000 after purchasing an additional 1,039,072 shares during the period. Standard Life Aberdeen plc lifted its stake in NextEra Energy by 104.7% during the fourth quarter. Standard Life Aberdeen plc now owns 1,666,351 shares of the utilities provider’s stock worth $260,326,000 after purchasing an additional 852,434 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in NextEra Energy during the fourth quarter worth about $52,439,000. Caisse DE Depot ET Placement DU Quebec lifted its stake in NextEra Energy by 6.5% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,968,016 shares of the utilities provider’s stock worth $619,764,000 after purchasing an additional 243,649 shares during the period. Finally, William Blair Investment Management LLC bought a new position in NextEra Energy during the fourth quarter worth about $35,500,000. Hedge funds and other institutional investors own 76.38% of the company’s stock.
NextEra Energy opened at $156.45 on Friday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.59 and a quick ratio of 0.46. The company has a market cap of $73.64 billion, a PE ratio of 23.35, a PEG ratio of 2.31 and a beta of 0.23. NextEra Energy has a 1-year low of $135.60 and a 1-year high of $165.15.
A number of research analysts have commented on NEE shares. Guggenheim restated a “buy” rating and set a $182.00 price target on shares of NextEra Energy in a research note on Friday, January 26th. UBS initiated coverage on shares of NextEra Energy in a report on Friday, February 2nd. They set a “buy” rating and a $177.00 price objective for the company. Morgan Stanley dropped their price objective on shares of NextEra Energy from $172.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, February 13th. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $172.00 price objective for the company in a report on Wednesday, February 21st. Finally, ValuEngine raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $168.92.
In related news, Director Eric E. Silagy sold 11,114 shares of the firm’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $160.82, for a total value of $1,787,353.48. Following the completion of the sale, the director now owns 25,898 shares of the company’s stock, valued at $4,164,916.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James L. Robo sold 81,489 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $156.81, for a total transaction of $12,778,290.09. The disclosure for this sale can be found here. In the last three months, insiders sold 142,754 shares of company stock valued at $22,504,957. 0.55% of the stock is currently owned by company insiders.
NextEra Energy 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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