Wilbanks Smith & Thomas Asset Management LLC raised its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 32.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,276 shares of the utilities provider’s stock after purchasing an additional 1,046 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in NextEra Energy were worth $668,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Buckley Wealth Management LLC bought a new position in shares of NextEra Energy during the fourth quarter valued at approximately $466,000. Texas Yale Capital Corp. increased its position in shares of NextEra Energy by 15.4% during the fourth quarter. Texas Yale Capital Corp. now owns 23,344 shares of the utilities provider’s stock valued at $3,646,000 after acquiring an additional 3,118 shares in the last quarter. Wealthstreet Investment Advisors LLC bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $1,626,000. Polaris Capital Management LLC increased its position in shares of NextEra Energy by 4.4% during the fourth quarter. Polaris Capital Management LLC now owns 267,326 shares of the utilities provider’s stock valued at $41,754,000 after acquiring an additional 11,200 shares in the last quarter. Finally, Trilogy Capital Inc. bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $592,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price target for the company in a research report on Tuesday, December 12th. Credit Suisse Group assumed coverage on shares of NextEra Energy in a research report on Thursday, December 7th. They set an “outperform” rating and a $173.00 price target for the company. Guggenheim reissued a “buy” rating and set a $182.00 price target on shares of NextEra Energy in a research report on Friday, January 26th. Morgan Stanley raised their price target on shares of NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Finally, UBS Group assumed coverage on shares of NextEra Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $177.00 price target for the company. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. NextEra Energy presently has an average rating of “Buy” and an average price target of $161.38.

In related news, CEO Armando Pimentel, Jr. sold 9,250 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total value of $1,404,427.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the completion of the sale, the chief executive officer now owns 121,958 shares in the company, valued at approximately $19,202,287.10. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

Shares of NextEra Energy Inc (NEE) opened at $150.00 on Tuesday. NextEra Energy Inc has a fifty-two week low of $124.52 and a fifty-two week high of $159.64. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.52. The stock has a market cap of $70,560.00, a P/E ratio of 13.20, a P/E/G ratio of 2.43 and a beta of 0.28.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the prior year, the business posted $1.21 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. analysts expect that NextEra Energy Inc will post 7.72 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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