Personal Capital Advisors Corp purchased a new stake in shares of NextEra Energy Inc (NYSE:NEE) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 85,120 shares of the utilities provider’s stock, valued at approximately $13,295,000.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. boosted 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 during the last quarter. Vanguard Group Inc. boosted 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 during the last quarter. FMR LLC boosted 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 during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted 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 during the last quarter. Finally, Legal & General Group Plc boosted 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 during the last quarter. Hedge funds and other institutional investors own 75.41% of the company’s stock.

Several equities research analysts recently issued reports on NEE shares. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. 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 target price on the stock. Royal Bank of Canada restated a “buy” rating and issued a $156.00 target price on shares of NextEra Energy in a report on Tuesday, November 7th. Credit Suisse Group started coverage on shares of NextEra Energy in a report on Thursday, December 7th. They issued an “outperform” rating and a $173.00 target price on the stock. Finally, KeyCorp restated a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a report on Thursday, October 12th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $159.56.

In other news, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 121,958 shares in the company, valued at approximately $19,202,287.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were 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. 0.53% of the stock is currently owned by company insiders.

NextEra Energy Inc (NYSE:NEE) opened at $150.16 on Friday. 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 52-week low of $117.91 and a 52-week high of $159.40. The firm has a market cap of $70,926.55, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 2.76 and a beta of 0.31.

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

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

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