ST Germain D J Co. Inc. decreased its stake in shares of NextEra Energy Inc (NYSE:NEE) by 7.1% in the 1st quarter, Holdings Channel reports. The firm owned 5,332 shares of the utilities provider’s stock after selling 408 shares during the quarter. ST Germain D J Co. Inc.’s holdings in NextEra Energy were worth $1,031,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NEE. Vanguard Group Inc raised its stake in shares of NextEra Energy by 2.0% during the third quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock valued at $6,907,634,000 after acquiring an additional 815,916 shares in the last quarter. Contravisory Investment Management Inc. raised its stake in shares of NextEra Energy by 161.8% during the fourth quarter. Contravisory Investment Management Inc. now owns 288 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 178 shares in the last quarter. CX Institutional raised its stake in shares of NextEra Energy by 12.3% during the fourth quarter. CX Institutional now owns 641 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 70 shares in the last quarter. Gateway Investment Advisers LLC raised its stake in shares of NextEra Energy by 2.0% during the fourth quarter. Gateway Investment Advisers LLC now owns 20,338 shares of the utilities provider’s stock valued at $3,535,000 after acquiring an additional 404 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake in shares of NextEra Energy by 29.8% during the fourth quarter. First Citizens Bank & Trust Co. now owns 6,001 shares of the utilities provider’s stock valued at $1,043,000 after acquiring an additional 1,377 shares in the last quarter. 77.00% of the stock is owned by hedge funds and other institutional investors.

In other NextEra Energy news, Director James L. Robo sold 111,864 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $191.27, for a total value of $21,396,227.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $191.52, for a total transaction of $306,432.00. Following the completion of the sale, the director now directly owns 19,210 shares in the company, valued at $3,679,099.20. The disclosure for this sale can be found here. Insiders have sold 179,611 shares of company stock worth $34,252,510 over the last three months. Corporate insiders own 0.48% of the company’s stock.

Shares of NEE opened at $194.90 on Thursday. The firm has a market cap of $93.36 billion, a PE ratio of 25.31, a P/E/G ratio of 2.96 and a beta of 0.28. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.38 and a current ratio of 0.46. NextEra Energy Inc has a 1-year low of $155.06 and a 1-year high of $196.71.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.19. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. NextEra Energy had a net margin of 17.13% and a return on equity of 10.26%. During the same period in the previous year, the company earned $1.94 earnings per share. Sell-side analysts anticipate that NextEra Energy Inc will post 8.41 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on NEE shares. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th. Morgan Stanley upped their price target on NextEra Energy from $184.00 to $188.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 12th. Barclays raised NextEra Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $187.00 to $207.00 in a research report on Wednesday, March 20th. They noted that the move was a valuation call. Goldman Sachs Group downgraded NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price target on the stock. in a research report on Monday, April 8th. Finally, Credit Suisse Group set a $199.00 price target on NextEra Energy and gave the stock a “buy” rating in a research report on Monday, April 22nd. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. NextEra Energy currently has an average rating of “Buy” and an average target price of $196.33.

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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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