Hanson & Doremus Investment Management lifted its position in shares of NextEra Energy Inc (NYSE:NEE) by 45.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,926 shares of the utilities provider’s stock after buying an additional 600 shares during the period. Hanson & Doremus Investment Management’s holdings in NextEra Energy were worth $466,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Schroder Investment Management Group boosted its stake in shares of NextEra Energy by 19.4% in the 2nd quarter. Schroder Investment Management Group now owns 320,505 shares of the utilities provider’s stock valued at $65,659,000 after purchasing an additional 52,011 shares in the last quarter. Renaissance Technologies LLC boosted its position in NextEra Energy by 901.3% during the second quarter. Renaissance Technologies LLC now owns 76,100 shares of the utilities provider’s stock valued at $15,590,000 after buying an additional 68,500 shares during the period. Pictet Asset Management Ltd. grew its stake in shares of NextEra Energy by 5.5% during the second quarter. Pictet Asset Management Ltd. now owns 2,133,748 shares of the utilities provider’s stock valued at $437,120,000 after buying an additional 111,990 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of NextEra Energy during the second quarter valued at about $315,000. Finally, NumerixS Investment Technologies Inc bought a new position in shares of NextEra Energy during the second quarter valued at about $225,000. 77.07% of the stock is currently owned by institutional investors.

NYSE:NEE traded up $1.12 during mid-day trading on Thursday, reaching $252.00. 28,331 shares of the company’s stock traded hands, compared to its average volume of 1,552,077. NextEra Energy Inc has a 12-month low of $171.74 and a 12-month high of $252.19. The firm has a market capitalization of $121.08 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 3.43 and a beta of 0.15. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.58 and a quick ratio of 0.47. The company has a 50 day moving average price of $239.16 and a 200-day moving average price of $226.14.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.12. NextEra Energy had a return on equity of 10.59% and a net margin of 16.92%. The firm had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the prior year, the business earned $2.18 EPS. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. As a group, analysts forecast that NextEra Energy Inc will post 8.37 EPS for the current year.

A number of equities research analysts have recently weighed in on the company. Mizuho boosted their target price on NextEra Energy from $202.50 to $245.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Wells Fargo & Co boosted their target price on NextEra Energy from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Morgan Stanley lowered their target price on NextEra Energy from $242.00 to $240.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Credit Suisse Group boosted their target price on NextEra Energy from $242.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. boosted their target price on NextEra Energy from $214.00 to $252.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $238.69.

In related news, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $239.37, for a total transaction of $382,992.00. Following the sale, the director now directly owns 14,897 shares of the company’s stock, valued at $3,565,894.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James L. Robo sold 10,000 shares of NextEra Energy stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $234.39, for a total value of $2,343,900.00. Insiders own 0.48% of the company’s stock.

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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