Somerset Trust Co decreased its position in NextEra Energy Inc (NYSE:NEE) by 14.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,831 shares of the utilities provider’s stock after selling 3,447 shares during the quarter. NextEra Energy accounts for about 1.6% of Somerset Trust Co’s investment portfolio, making the stock its 12th biggest holding. Somerset Trust Co’s holdings in NextEra Energy were worth $3,253,000 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. Benedict Financial Advisors Inc. boosted its position in NextEra Energy by 6.0% during the second quarter. Benedict Financial Advisors Inc. now owns 5,884 shares of the utilities provider’s stock worth $849,000 after purchasing an additional 333 shares during the period. Ronald Blue & Co. LLC boosted its position in NextEra Energy by 11.2% during the second quarter. Ronald Blue & Co. LLC now owns 7,007 shares of the utilities provider’s stock worth $982,000 after purchasing an additional 704 shares during the period. Bank of Stockton boosted its position in NextEra Energy by 1.5% during the second quarter. Bank of Stockton now owns 5,030 shares of the utilities provider’s stock worth $704,000 after purchasing an additional 75 shares during the period. Gamble Jones Investment Counsel boosted its position in NextEra Energy by 2.9% during the second quarter. Gamble Jones Investment Counsel now owns 1,653 shares of the utilities provider’s stock worth $232,000 after purchasing an additional 46 shares during the period. Finally, ST Germain D J Co. Inc. boosted its position in NextEra Energy by 4.0% during the second quarter. ST Germain D J Co. Inc. now owns 4,008 shares of the utilities provider’s stock worth $562,000 after purchasing an additional 155 shares during the period. 75.41% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Inc (NYSE NEE) traded up $0.22 on Wednesday, hitting $150.54. The stock had a trading volume of 1,867,800 shares, compared to its average volume of 2,048,090. NextEra Energy Inc has a 12 month low of $117.91 and a 12 month high of $159.40. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $71,680.00, a PE ratio of 16.91, a price-to-earnings-growth ratio of 2.78 and a beta of 0.31.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The company had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the prior year, the business earned $1.74 earnings per share. NextEra Energy’s revenue for the quarter was up .1% compared to the same quarter last year. equities research analysts anticipate that NextEra Energy Inc will post 6.73 EPS for the current fiscal year.

A number of brokerages have issued reports on NEE. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Guggenheim reaffirmed a “buy” rating and set a $177.00 target price on shares of NextEra Energy in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. set a $169.00 target price on NextEra Energy and gave the stock a “hold” rating in a research report on Thursday, October 12th. Royal Bank of Canada reaffirmed a “buy” rating and set a $156.00 target price on shares of NextEra Energy in a research report on Tuesday, November 7th. Finally, KeyCorp reaffirmed a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $159.56.

In related news, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total value of $6,671,471.40. Following the completion of the transaction, the chief executive officer now owns 121,958 shares of the company’s stock, valued at $19,202,287.10. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.

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NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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

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