Strs Ohio Purchases 130,019 Shares of NextEra Energy, Inc. $NEE

Strs Ohio grew its position in NextEra Energy, Inc. (NYSE:NEE) by 12.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,150,135 shares of the utilities provider’s stock after acquiring an additional 130,019 shares during the quarter. Strs Ohio owned 0.06% of NextEra Energy worth $86,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Activest Wealth Management lifted its position in NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of NextEra Energy during the 2nd quarter valued at about $25,000. Goodman Advisory Group LLC bought a new position in shares of NextEra Energy in the 2nd quarter valued at about $25,000. Tripletail Wealth Management LLC purchased a new position in NextEra Energy in the third quarter worth about $25,000. Finally, Quaker Wealth Management LLC increased its stake in NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 772 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the transaction, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This trade represents a 47.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NEE shares. Morgan Stanley reiterated an “overweight” rating and issued a $104.00 target price on shares of NextEra Energy in a report on Wednesday. BMO Capital Markets reiterated an “outperform” rating and set a $89.00 price target (down from $90.00) on shares of NextEra Energy in a report on Wednesday, December 10th. Mizuho upped their target price on NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Barclays boosted their price objective on NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Finally, TD Cowen started coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $98.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.94.

NextEra Energy Trading Up 1.5%

NYSE NEE opened at $85.09 on Friday. The company has a 50 day moving average price of $82.23 and a 200 day moving average price of $78.49. The firm has a market cap of $177.21 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 2.60 and a beta of 0.74. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $87.53.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same period in the previous year, the business earned $1.03 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.