Oppenheimer & Co. Inc. Sells 858 Shares of NextEra Energy Inc (NEE)
Oppenheimer & Co. Inc. lowered its stake in shares of NextEra Energy Inc (NYSE:NEE) by 1.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 67,917 shares of the utilities provider’s stock after selling 858 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in NextEra Energy were worth $10,607,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the stock. Whalerock Point Partners LLC grew its stake in NextEra Energy by 0.3% in the 2nd quarter. Whalerock Point Partners LLC now owns 5,598 shares of the utilities provider’s stock valued at $784,000 after purchasing an additional 15 shares during the period. South Texas Money Management Ltd. grew its stake in NextEra Energy by 0.5% in the 2nd quarter. South Texas Money Management Ltd. now owns 3,604 shares of the utilities provider’s stock valued at $505,000 after purchasing an additional 19 shares during the period. Salem Investment Counselors Inc. grew its stake in NextEra Energy by 0.7% in the 2nd quarter. Salem Investment Counselors Inc. now owns 9,065 shares of the utilities provider’s stock valued at $1,270,000 after purchasing an additional 64 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. grew its stake in NextEra Energy by 0.3% in the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 22,675 shares of the utilities provider’s stock valued at $3,177,000 after purchasing an additional 70 shares during the period. Finally, ARGI Investment Services LLC grew its stake in NextEra Energy by 0.9% in the 2nd quarter. ARGI Investment Services LLC now owns 8,443 shares of the utilities provider’s stock valued at $1,183,000 after purchasing an additional 73 shares during the period. Institutional investors and hedge funds own 75.44% of the company’s stock.
A number of brokerages have issued reports on NEE. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Argus restated a “buy” rating and issued a $173.00 price objective on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Guggenheim restated a “buy” rating and issued a $182.00 price objective on shares of NextEra Energy in a research note on Friday, January 26th. UBS Group began coverage on NextEra Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $177.00 price objective for the company. Finally, Morgan Stanley upped their price objective on NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. NextEra Energy presently has an average rating of “Buy” and a consensus target price of $162.00.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the prior year, the company earned $1.21 EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. sell-side analysts forecast that NextEra Energy Inc will post 7.72 earnings per share for the current fiscal year.
In related news, CEO Armando Pimentel, Jr. sold 9,250 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total transaction of $1,404,427.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the 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 sale, the chief executive officer now directly owns 121,958 shares in the company, valued at approximately $19,202,287.10. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.
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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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