Walter & Keenan Financial Consulting Co. MI ADV Boosts Position in NextEra Energy Inc (NEE)
Walter & Keenan Financial Consulting Co. MI ADV increased its position in shares of NextEra Energy Inc (NYSE:NEE) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,513 shares of the utilities provider’s stock after buying an additional 200 shares during the quarter. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in NextEra Energy were worth $611,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Ceredex Value Advisors LLC grew its stake in NextEra Energy by 24.4% in the third quarter. Ceredex Value Advisors LLC now owns 631,886 shares of the utilities provider’s stock valued at $105,904,000 after purchasing an additional 123,836 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of NextEra Energy by 2.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 11,132 shares of the utilities provider’s stock worth $1,866,000 after acquiring an additional 223 shares during the period. Evermay Wealth Management LLC boosted its stake in shares of NextEra Energy by 26.6% during the 4th quarter. Evermay Wealth Management LLC now owns 6,552 shares of the utilities provider’s stock worth $1,139,000 after acquiring an additional 1,376 shares during the period. Hexavest Inc. bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $68,255,000. Finally, Merit Financial Group LLC boosted its stake in shares of NextEra Energy by 63.4% during the 3rd quarter. Merit Financial Group LLC now owns 3,746 shares of the utilities provider’s stock worth $627,000 after acquiring an additional 1,454 shares during the period. Institutional investors and hedge funds own 77.71% of the company’s stock.
Several research analysts have recently commented on the company. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 target price for the company in a research note on Wednesday, January 30th. Guggenheim reiterated a “buy” rating and set a $205.00 target price on shares of NextEra Energy in a research note on Monday, January 7th. Credit Suisse Group lifted their target price on NextEra Energy from $186.00 to $193.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 12th. Barclays lifted their target price on NextEra Energy from $182.00 to $187.00 and gave the stock a “hold” rating in a research note on Monday, November 19th. Finally, Royal Bank of Canada lifted their target price on NextEra Energy to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. NextEra Energy currently has an average rating of “Buy” and an average price target of $178.42.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 25th. The utilities provider reported $1.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.02). The firm had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.84 billion. NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.25 earnings per share. As a group, sell-side analysts forecast that NextEra Energy Inc will post 8.4 EPS for the current year.
In related news, CEO Armando Pimentel, Jr. sold 35,347 shares of NextEra Energy stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $180.81, for a total transaction of $6,391,091.07. Following the completion of the sale, the chief executive officer now directly owns 94,596 shares of the company’s stock, valued at approximately $17,103,902.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $170.23, for a total value of $272,368.00. Following the sale, the director now directly owns 20,100 shares of the company’s stock, valued at $3,421,623. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,678 shares of company stock valued at $13,469,072. 0.55% of the stock is currently owned by insiders.
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About NextEra Energy
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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