Exchange Capital Management Inc. Has $642,000 Stake in NextEra Energy (NYSE:NEE)

Exchange Capital Management Inc. decreased its holdings in shares of NextEra Energy (NYSE:NEE) by 12.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,928 shares of the utilities provider’s stock after selling 550 shares during the quarter. Exchange Capital Management Inc.’s holdings in NextEra Energy were worth $642,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NEE. Geode Capital Management LLC grew its holdings in NextEra Energy by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 4,869,190 shares of the utilities provider’s stock worth $758,889,000 after acquiring an additional 73,790 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in NextEra Energy by 6.5% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,968,016 shares of the utilities provider’s stock worth $619,764,000 after acquiring an additional 243,649 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of NextEra Energy by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 3,907,505 shares of the utilities provider’s stock valued at $610,314,000 after buying an additional 41,226 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of NextEra Energy by 1.0% during the fourth quarter. Alliancebernstein L.P. now owns 2,664,040 shares of the utilities provider’s stock valued at $416,096,000 after buying an additional 26,147 shares during the last quarter. Finally, Eaton Vance Management lifted its position in shares of NextEra Energy by 3.6% during the fourth quarter. Eaton Vance Management now owns 2,222,593 shares of the utilities provider’s stock valued at $347,147,000 after buying an additional 77,806 shares during the last quarter. 76.38% of the stock is currently owned by institutional investors.

Shares of NextEra Energy opened at $160.20 on Tuesday, Marketbeat Ratings reports. NextEra Energy has a fifty-two week low of $159.38 and a fifty-two week high of $161.10. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.46 and a current ratio of 0.59. The firm has a market capitalization of $75.68 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 2.37 and a beta of 0.23.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 24th. The utilities provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.78 by $0.16. NextEra Energy had a return on equity of 10.91% and a net margin of 48.13%. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the firm earned $1.75 EPS. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. sell-side analysts expect that NextEra Energy will post 7.74 EPS for the current year.

Several research firms have commented on NEE. KeyCorp increased their price target on shares of NextEra Energy from $165.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, April 18th. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $182.00 price objective for the company. in a research report on Wednesday, April 11th. JPMorgan Chase raised their price target on shares of NextEra Energy from $170.00 to $171.00 and gave the stock an “overweight” rating in a research report on Thursday, April 26th. ValuEngine raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, UBS 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. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $168.92.

In other news, EVP Charles E. Sieving sold 2,844 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $154.67, for a total transaction of $439,881.48. Following the completion of the transaction, the executive vice president now directly owns 48,966 shares of the company’s stock, valued at $7,573,571.22. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Manoochehr K. Nazar sold 13,890 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $155.64, for a total value of $2,161,839.60. Following the transaction, the insider now directly owns 142,429 shares of the company’s stock, valued at $22,167,649.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,995 shares of company stock worth $8,379,195. 0.55% of the stock is owned by insiders.

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.

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

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