1,032 Shares in NextEra Energy Inc (NEE) Acquired by Financial Advantage Inc.

Financial Advantage Inc. bought a new position in shares of NextEra Energy Inc (NYSE:NEE) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,032 shares of the utilities provider’s stock, valued at approximately $179,000.

A number of other hedge funds also recently made changes to their positions in NEE. Rehmann Capital Advisory Group raised its holdings in NextEra Energy by 16,992.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,864,569 shares of the utilities provider’s stock worth $11,125,000 after buying an additional 1,853,660 shares during the period. Capital International Investors acquired a new stake in NextEra Energy during the 3rd quarter worth approximately $142,633,000. Vanguard Group Inc raised its holdings in NextEra Energy by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock worth $6,907,634,000 after buying an additional 815,916 shares during the period. Vanguard Group Inc. raised its holdings in NextEra Energy by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 41,214,999 shares of the utilities provider’s stock worth $6,907,634,000 after buying an additional 815,916 shares during the period. Finally, BlackRock Inc. raised its holdings in NextEra Energy by 1.9% during the 3rd quarter. BlackRock Inc. now owns 36,765,396 shares of the utilities provider’s stock worth $6,161,880,000 after buying an additional 692,998 shares during the period. Hedge funds and other institutional investors own 75.86% of the company’s stock.

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In other news, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $170.23, for a total transaction of $272,368.00. Following the completion of the transaction, the director now directly owns 20,100 shares of the company’s stock, valued at approximately $3,421,623. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 4,920 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $170.11, for a total transaction of $836,941.20. Following the transaction, the chief executive officer now directly owns 59,969 shares of the company’s stock, valued at $10,201,326.59. The disclosure for this sale can be found here. Insiders have sold a total of 79,598 shares of company stock valued at $14,306,013 over the last ninety days. Company insiders own 0.55% of the company’s stock.

Shares of NEE opened at $177.82 on Friday. The company has a market cap of $85.54 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 2.75 and a beta of 0.26. NextEra Energy Inc has a twelve month low of $145.10 and a twelve month high of $184.20. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.36 and a quick ratio of 0.29.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 25th. The utilities provider reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.84 billion. NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. NextEra Energy’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 earnings per share. As a group, sell-side analysts expect that NextEra Energy Inc will post 8.4 EPS for the current fiscal year.

Several analysts have commented on NEE shares. Credit Suisse Group dropped their target price on shares of NextEra Energy from $185.00 to $173.00 and set an “outperform” rating on the stock in a report on Wednesday, October 24th. Guggenheim restated a “buy” rating and set a $205.00 target price on shares of NextEra Energy in a report on Monday, January 7th. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Barclays raised their target price on shares of NextEra Energy from $182.00 to $187.00 and gave the stock a “hold” rating in a report on Monday, November 19th. Finally, Royal Bank of Canada raised their target price on shares of NextEra Energy to $186.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $178.42.

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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.

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