Roffman Miller Associates Inc. PA lifted its stake in NextEra Energy Inc (NYSE:NEE) by 46.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,651 shares of the utilities provider’s stock after buying an additional 839 shares during the period. Roffman Miller Associates Inc. PA’s holdings in NextEra Energy were worth $642,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. California Public Employees Retirement System grew its position in NextEra Energy by 9.3% during the 3rd quarter. California Public Employees Retirement System now owns 3,757,140 shares of the utilities provider’s stock worth $875,376,000 after acquiring an additional 319,918 shares during the last quarter. Pictet Asset Management Ltd. grew its position in NextEra Energy by 7.0% during the 3rd quarter. Pictet Asset Management Ltd. now owns 2,283,686 shares of the utilities provider’s stock worth $532,076,000 after acquiring an additional 149,938 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in NextEra Energy by 2.6% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,982,461 shares of the utilities provider’s stock worth $461,894,000 after acquiring an additional 50,062 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in NextEra Energy by 3.6% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,759,537 shares of the utilities provider’s stock worth $409,955,000 after acquiring an additional 61,079 shares during the last quarter. Finally, Rhumbline Advisers grew its position in NextEra Energy by 4.5% during the 3rd quarter. Rhumbline Advisers now owns 922,211 shares of the utilities provider’s stock worth $214,866,000 after acquiring an additional 39,465 shares during the last quarter. Institutional investors and hedge funds own 77.19% of the company’s stock.

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

NEE traded up $6.64 during mid-day trading on Friday, reaching $263.62. The stock had a trading volume of 192,995 shares, compared to its average volume of 1,531,140. The stock has a market capitalization of $127.03 billion, a P/E ratio of 39.60, a P/E/G ratio of 3.54 and a beta of 0.15. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.47 and a current ratio of 0.58. The firm’s fifty day simple moving average is $242.64 and its two-hundred day simple moving average is $228.10. NextEra Energy Inc has a 52 week low of $171.74 and a 52 week high of $262.75.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $1.44 EPS for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.09). NextEra Energy had a net margin of 16.92% and a return on equity of 10.59%. During the same period in the prior year, the business earned $1.49 earnings per share. As a group, analysts expect that NextEra Energy Inc will post 8.4 EPS for the current fiscal year.

A number of equities research analysts recently commented on NEE shares. JPMorgan Chase & Co. increased their price target on NextEra Energy from $214.00 to $252.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Guggenheim increased their price target on NextEra Energy from $230.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Wells Fargo & Co increased their price target on NextEra Energy from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. KeyCorp increased their price target on NextEra Energy from $231.00 to $242.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Goldman Sachs Group lowered NextEra Energy from a “buy” rating to a “neutral” rating and increased their price target for the stock from $236.00 to $256.00 in a research report on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. NextEra Energy has an average rating of “Buy” and a consensus target price of $239.79.

NextEra Energy 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.

Further Reading: Correction

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

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