Ingalls & Snyder LLC Purchases 74 Shares of NextEra Energy Inc (NYSE:NEE)

Ingalls & Snyder LLC lifted its position in shares of NextEra Energy Inc (NYSE:NEE) by 0.7% in the fourth quarter, HoldingsChannel reports. The fund owned 10,811 shares of the utilities provider’s stock after buying an additional 74 shares during the period. Ingalls & Snyder LLC’s holdings in NextEra Energy were worth $2,618,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Windsor Group LTD grew its stake in NextEra Energy by 3.0% in the fourth quarter. Windsor Group LTD now owns 1,557 shares of the utilities provider’s stock valued at $377,000 after acquiring an additional 46 shares during the period. Honkamp Krueger Financial Services Inc. grew its stake in NextEra Energy by 0.6% in the fourth quarter. Honkamp Krueger Financial Services Inc. now owns 7,614 shares of the utilities provider’s stock valued at $1,844,000 after acquiring an additional 46 shares during the period. Bedel Financial Consulting Inc. grew its stake in NextEra Energy by 1.4% in the third quarter. Bedel Financial Consulting Inc. now owns 3,412 shares of the utilities provider’s stock valued at $795,000 after acquiring an additional 47 shares during the period. Horan Securities Inc. grew its stake in NextEra Energy by 37.6% in the third quarter. Horan Securities Inc. now owns 172 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 47 shares during the period. Finally, Flagship Harbor Advisors LLC grew its stake in NextEra Energy by 1.2% in the third quarter. Flagship Harbor Advisors LLC now owns 3,891 shares of the utilities provider’s stock valued at $906,000 after acquiring an additional 47 shares during the period. Institutional investors own 77.07% of the company’s stock.

In related news, Director James L. Robo sold 10,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $234.39, for a total transaction of $2,343,900.00. Also, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $239.37, for a total value of $382,992.00. Following the sale, the director now owns 14,897 shares in the company, valued at approximately $3,565,894.89. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Several research firms have recently weighed in on NEE. ValuEngine cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley reduced their price objective on NextEra Energy from $242.00 to $240.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Mizuho upped their price objective on NextEra Energy from $202.50 to $245.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Wells Fargo & Co upped their price objective on NextEra Energy from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their price objective on NextEra Energy from $214.00 to $252.00 and gave the stock an “overweight” rating in a research report 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 stock has an average rating of “Buy” and an average price target of $233.92.

NEE stock opened at $251.58 on Thursday. 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 stock has a market capitalization of $121.08 billion, a P/E ratio of 32.67, a P/E/G ratio of 3.43 and a beta of 0.15. The business has a 50-day moving average of $239.16 and a 200-day moving average of $226.14. NextEra Energy Inc has a fifty-two week low of $171.74 and a fifty-two week high of $252.19.

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

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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