Abner Herrman & Brock LLC lessened its stake in NextEra Energy Inc (NYSE:NEE) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,353 shares of the utilities provider’s stock after selling 309 shares during the period. NextEra Energy accounts for 2.1% of Abner Herrman & Brock LLC’s portfolio, making the stock its 20th largest holding. Abner Herrman & Brock LLC’s holdings in NextEra Energy were worth $11,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of NEE. Cullinan Associates Inc. raised its position in shares of NextEra Energy by 10.2% during the 4th quarter. Cullinan Associates Inc. now owns 28,410 shares of the utilities provider’s stock valued at $4,938,000 after acquiring an additional 2,625 shares during the last quarter. New England Research & Management Inc. raised its position in shares of NextEra Energy by 42.9% during the 4th quarter. New England Research & Management Inc. now owns 2,000 shares of the utilities provider’s stock valued at $348,000 after acquiring an additional 600 shares during the last quarter. Carroll Financial Associates Inc. raised its position in shares of NextEra Energy by 20.3% during the 4th quarter. Carroll Financial Associates Inc. now owns 3,304 shares of the utilities provider’s stock valued at $569,000 after acquiring an additional 557 shares during the last quarter. Hexavest Inc. bought a new stake in shares of NextEra Energy during the 4th quarter valued at $68,255,000. Finally, State of Alaska Department of Revenue raised its position in shares of NextEra Energy by 3.5% during the 4th quarter. State of Alaska Department of Revenue now owns 124,264 shares of the utilities provider’s stock valued at $21,597,000 after acquiring an additional 4,149 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Several brokerages have commented on NEE. Guggenheim reiterated a “buy” rating and set a $205.00 target price on shares of NextEra Energy in a research report on Monday. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Credit Suisse Group upped their price objective on shares of NextEra Energy from $186.00 to $193.00 and gave the company an “outperform” rating in a research report on Wednesday, December 12th. Barclays upped their price objective on shares of NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a research report on Monday, November 19th. Finally, Royal Bank of Canada upped their price objective on shares of NextEra Energy to $186.00 and gave the company an “outperform” rating in a research report on Thursday, November 1st. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $179.15.

Shares of NEE traded up $0.09 during trading hours on Friday, reaching $175.48. The stock had a trading volume of 68,801 shares, compared to its average volume of 2,423,202. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 0.72. NextEra Energy Inc has a 52 week low of $145.10 and a 52 week high of $184.20. The stock has a market cap of $82.58 billion, a P/E ratio of 26.16, a P/E/G ratio of 2.38 and a beta of 0.22.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.15 by $0.03. The firm had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.92 billion. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.85 EPS. On average, equities research analysts expect that NextEra Energy Inc will post 7.77 earnings per share for the current fiscal year.

In related news, CEO Armando Pimentel, Jr. sold 4,920 shares of the company’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $170.11, for a total value of $836,941.20. Following the completion of the transaction, the chief executive officer now directly owns 59,969 shares of the company’s stock, valued at approximately $10,201,326.59. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Charles E. Sieving sold 19,731 shares of the company’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $180.10, for a total transaction of $3,553,553.10. Following the completion of the transaction, the executive vice president now directly owns 68,245 shares of the company’s stock, valued at $12,290,924.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,598 shares of company stock valued at $14,306,013. Company insiders own 0.55% of the company’s stock.

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

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